secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0000930413-24-003257
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX American Q3 net income $24.5M ($1.38 EPS), second-best quarter
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- Net income attributable to REX shareholders $24.5M ($1.38 diluted EPS), down from $26.1M ($1.49) in Q3 FY23.
- Revenue $174.9M, down 21% YoY on lower ethanol and co-product pricing; gross profit $39.7M, flat.
- Consolidated ethanol sales volume 75.5M gallons, up ~3% YoY.
- One Earth Energy expansion to 175M gallons/year on track for mid-2025; budget for expansion and carbon capture $165-175M.
- Cash and short-term investments $365.1M; no bank debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041324003257/0000930413-24-003257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041324003257/c110617_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-24-003257

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