REX American Q2 net income up 37% to $12.4M; EPS $0.70 vs $0.52

REX AMERICAN RESOURCES Corp

2024-Q2 EPS reported $1.28 revenue$309,386,000

Net income attributable to REX shareholders $12.4M vs $9.1M (up 37%); diluted EPS $0.70 vs $0.52.
Revenue $148.2M vs $212.0M (down 30%) on lower pricing; gross profit up 7% to $19.8M.
Ethanol sales volumes 65.1M gallons (down 6% YoY); cash & ST investments $346M, no debt.
Carbon capture: EPA Class VI well permit draft by end-2024, final Q2 2025; IL pipeline moratorium; construction extended.
Ethanol capacity expansion to 175M gal/yr by Q1 2025; total capex $165-$175M.

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