earnings
confidence high
sentiment negative
materiality 0.75
REX American reports FY2024 EPS $3.30, down from $3.47; Q4 EPS $0.63 vs $1.16; board adds 1.5M share buyback
REX AMERICAN RESOURCES Corp
2024-FY EPS reported
$3.30
revenue$642,491,000
- Full year net sales $642.5M (down 23% YoY); net income $58.2M ($3.30 diluted EPS) vs $60.9M ($3.47).
- Q4 net sales $158.2M; net income $11.1M ($0.63 EPS) vs $20.6M ($1.16) in Q4 2023.
- One Earth ethanol expansion & CCS project budget raised to $220-230M; timeline extended beyond mid-2025; EPA permit expected Oct 2025.
- Board authorized additional 1.5M share repurchase; FY2024 bought 372,567 shares for $15.5M; no bank debt, $359.1M cash.
- Ethanol sales volumes: Q4 74.6M gal, full year 289.7M gal.