Rex American Res Stock Price, News & Analysis

REX American Resources Corporation has appointed Cheri Bustos as an Independent Director, increasing the board size to nine members. Bustos, who served as a Congresswoman and was on the House Agriculture Committee, brings valuable insights for REX's alternative energy and carbon sequestration projects. Her experience includes five terms in Congress and senior roles in non-profit healthcare. REX currently operates six ethanol production facilities, shipping approximately 699 million gallons of ethanol as of October 31, 2022. The company remains committed to innovation and stockholder value.

REX American Resources Corporation (NYSE: REX) reported Q3 '22 financial results with net sales of $220.3 million, up from $203.1 million in Q3 '21. However, gross profit plummeted to $11.3 million from $25.2 million due to rising corn and natural gas prices. The company posted a net income of $3.2 million, significantly down from $13.3 million a year prior. REX completed a stock repurchase of 249,570 shares for $6.8 million, maintaining a robust cash position of approximately $290 million and no debt. Outlook includes optimism on carbon capture initiatives supported by recent legislative changes.

REX American Resources Corporation (NYSE: REX) will release its fiscal 2022 third quarter financial results on December 1, before the market opens. Following the release, the company will conduct a conference call and webcast at 11:00 a.m. ET to discuss the results. REX, involved in ethanol production, has interests in six facilities that shipped approximately 704 million gallons of ethanol in the twelve months ending July 31, 2022, with REX's effective ownership accounting for about 280 million gallons.

REX American Resources reported strong financial results for Q2 '22, with net sales of $240.3 million, a 23% increase from Q2 '21's $195.7 million, driven by higher pricing in ethanol and by-products. Net income attributable to shareholders rose to $11.2 million, or $0.63 per share, up from $5.7 million or $0.44 per share a year earlier. The company benefited from COVID-19 relief grants totaling $9.4 million. However, increases in corn and natural gas prices impacted margins. REX continues to explore opportunities, including a carbon capture initiative.

REX American Resources Corporation (NYSE: REX) will report its fiscal 2022 second quarter financial results on August 30, before the market opens. A conference call and webcast will occur at 11:00 a.m. ET to discuss these results. REX has interests in six ethanol production facilities, which shipped approximately 700 million gallons of ethanol over the twelve-month period ending April 30, 2022. The company's effective ownership of gallons shipped over the same period was about 277 million gallons.

REX American Resources Corporation (NYSE: REX) has declared a 3-for-1 stock split, to be executed as a 200% Common Stock dividend, effective on August 5, 2022. Shareholders of record as of July 29, 2022, will receive two extra shares for every share held. This will increase the outstanding shares from 5,953,975 to approximately 17,861,925. Additionally, the repurchase authorization for common stock will increase by 200% to 1,348,239 shares. The move is aimed at enhancing liquidity for shareholders.

REX American Resources Corporation (NYSE: REX) reported a Q1 2022 net revenue of $194.2 million, up from $164.0 million in Q1 2021. Despite the revenue increase, gross profit fell to $11.9 million compared to $19.5 million in the prior year, primarily due to rising input costs. The net income attributable to shareholders was $5.2 million, decreasing from $7.8 million in Q1 2021. Earnings per share (EPS) dropped to $0.87 from $1.30. REX holds $234 million in cash and investments, down from $255.7 million in January 2022.

REX American Resources Corporation (NYSE: REX) is set to release its fiscal 2022 first quarter financial results on May 25, before market opening. A conference call is scheduled for 11:00 a.m. ET that same day to discuss these results. REX has interests in six ethanol production facilities, with a total shipment of approximately 699 million gallons of ethanol in the past year. The effective ownership for REX was about 282 million gallons in the same timeframe.

REX American Resources reported significant financial results for Q4 '21, with net sales reaching $212 million, up from $126 million in Q4 '20. This growth was driven by higher prices for ethanol and by-products despite rising corn and natural gas prices. Q4 '21 gross profit soared to $38.8 million, compared to $8.3 million in the prior year. Net income attributable to shareholders increased to $21.4 million, resulting in earnings per share of $3.61. REX's cash and investments also rose to $255.7 million compared to $180.7 million a year prior.