Welcome to our dedicated page for Rex American Res news (Ticker: REX), a resource for investors and traders seeking the latest updates and insights on Rex American Res stock.
REX American Resources Corporation reports developments tied to its ethanol production business and related by-products. Company news commonly covers operating and financial results, ethanol sales volumes, pricing for ethanol and corn oil, corn cost trends, crush margins, and gross profit from its Ethanol and By-Products segment.
Updates also include investor conference participation, earnings call schedules, shareholder voting matters, governance items, and capital-structure actions involving REX common stock. The company’s product references include ethanol, dried and modified distillers grains, distillers corn oil, and other ethanol-production co-products.
REX American Resources Corporation (NYSE: REX) reported its fiscal 2022 Q4 results, highlighting net sales of $200.2 million, a decrease from $212.0 million in Q4 ‘21. This drop was attributed to lower sales volumes of ethanol and by-products, coupled with increased input costs. Q4 '22 gross profit fell to $14.9 million from $38.8 million, with net income attributable to REX shareholders at $8.2 million, down from $21.3 million year-over-year. Despite these challenges, REX maintained a strong liquidity position with $281 million in cash and short-term investments and no debt, showcasing operational resilience amid rising commodity prices and disruptions.
REX American Resources Corporation (NYSE: REX) will report its fiscal 2022 fourth quarter financial results on March 23, pre-market. A conference call and webcast will be held at 11:00 a.m. ET to discuss these results. The company has interests in six ethanol production facilities, collectively shipping approximately 699 million gallons of ethanol in the past year. REX’s effective ownership resulted in approximately 277 million gallons shipped. Interested parties can access the call by dialing 212/231-2904 or visiting the REX website for the live webcast and replay.
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.