Welcome to our dedicated page for REX American Resources news (Ticker: REX), a resource for investors and traders seeking the latest updates and insights on REX American Resources 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 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.