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.
News and earnings releases for REX American Resources Corp. (NYSE: REX) focus on its role as a holding company with interests in alternative energy and ethanol production entities. Company announcements emphasize that results "principally reflect" REX’s interests in six ethanol production facilities, where the One Earth Energy and NuGen Energy plants are consolidated and four additional plants are reported as equity in income of unconsolidated affiliates.
Investors following REX news will see regular updates on quarterly and annual financial results, including net sales and revenue, cost of sales, gross profit, and net income attributable to REX shareholders. Releases also highlight consolidated ethanol sales volumes, pricing trends for ethanol and co-products, and the impact of factors such as corn and natural gas costs on gross profit. Management commentary in these releases often discusses the company’s sequence of profitable quarters and its approach to capital allocation, including share repurchases.
Another recurring theme in REX news is progress on major capital projects at the One Earth facility in Gibson City, Illinois. Press releases provide detail on the ethanol production expansion and the carbon capture and sequestration project, including construction milestones, capital expenditures, and the status of the Environmental Protection Agency Class VI injection well permitting process. The company also reports on regulatory and policy developments that may affect these projects.
In addition, REX issues announcements about conference calls and webcasts for investors, specifying dates and times for discussions of quarterly and annual results. For investors and analysts tracking REX, this news stream offers insight into operational performance at its ethanol plants, the evolution of its capital projects, and board-level decisions such as stock repurchase authorizations and a two-for-one stock split.
REX American Resources Corporation (NYSE: REX) reported significant Q2 '21 financial results, with net sales of $195.8 million, a substantial increase from $39.3 million in Q2 '20. The rise in revenue is attributed to higher ethanol production and favorable pricing. Gross profit surged to $11.1 million, compared to a loss in the previous year. Net income reached $7.9 million, with earnings per share of $1.31. The Board has authorized a repurchase of an additional 500,000 shares following the completion of a previous buyback.
REX American Resources Corporation (NYSE: REX) will report its fiscal 2021 second quarter financial results on September 1, before the market opens. A conference call and webcast will follow at 11:00 a.m. ET to discuss the financial results. REX operates six ethanol production facilities, which shipped approximately 617 million gallons of ethanol in the year ending April 30, 2021, with an effective ownership output of around 243 million gallons. The company acquired a refined coal operation in August 2017.
REX American Resources reported strong financial results for Q1 2021, with net sales of $164.1 million, up from $83.3 million in Q1 2020. This increase was attributed to higher ethanol production levels and pricing. The gross profit for the ethanol segment rose to $19.5 million, a significant recovery from a loss of $8.2 million a year prior. Net income attributable to shareholders was $7.8 million, compared to a loss of $7.6 million in Q1 2020. Earnings per share were $1.30, up from a loss per share of $1.21 in the same quarter last year.
REX American Resources Corporation (NYSE American: REX) announced it will release its fiscal 2021 first quarter financial results on May 26, prior to market opening. A conference call and webcast will follow at 11:00 a.m. ET for results discussion. REX operates six ethanol production facilities, which shipped approximately 605 million gallons of ethanol in the twelve months ending January 31, 2021. REX's effective ownership of gallons shipped for the same period was about 222 million. More details are available on their website.
REX American Resources Corporation (NYSE: REX) reported its Q4 2020 financial results, revealing net sales of $126.0 million, a slight increase from $120.9 million in Q4 2019. The rise in revenue was driven by higher pricing for by-products and increased ethanol production, despite lower ethanol prices. Q4 gross profit for ethanol and by-products grew to $8.3 million. However, net income attributable to shareholders fell to $3.5 million from $4.4 million year-over-year, with EPS dropping to $0.59 from $0.70. The company had $180.7 million in cash and equivalents at quarter-end.
REX American Resources Corporation (NYSE: REX) will announce its fiscal 2020 fourth quarter financial results on March 25, prior to market opening. A conference call is scheduled for 11:00 a.m. ET that same day, accessible via phone at 212/231-2920 or through a live webcast on the REX website. The company operates six ethanol facilities, shipping about 605 million gallons of ethanol in the year ending October 31, 2020, with REX’s ownership stake accounting for approximately 220 million gallons.
REX American Resources Corporation (NYSE: REX) reported a substantial increase in Q3 ‘20 net sales and revenue, rising 43.4% to $124.3 million compared to $86.7 million in Q3 ‘19. This growth is attributed to a 56.7% increase in ethanol gallons sold. The ethanol and by-products segment achieved a gross profit of $18.9 million, reversing a loss from the previous year. Net income attributable to shareholders reached $8.8 million, with EPS at $1.44, compared to a loss of $2.1 million and a loss per share of $0.32 in Q3 ‘19. The company's robust financial position includes over $202 million in cash and liquidity.
REX American Resources Corporation (NYSE American: REX) announced it will release its fiscal 2020 third quarter financial results on December 3, pre-market. A conference call and webcast will follow at 11:00 a.m. ET to discuss the results. The company, which operates six ethanol production facilities, shipped approximately 576 million gallons of ethanol in the 12 months ending July 31, 2020, with an effective ownership of about 194 million gallons. Further details can be found on their website.