secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0000930413-25-000989
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX American reports FY2024 EPS $3.30, down from $3.47; Q4 EPS $0.63 vs $1.16; board adds 1.5M share buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041325000989/0000930413-25-000989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041325000989/c112221_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-25-000989

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