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REX American Resources Corp. - REX STOCK NEWS

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 Corp (symbol: REX) operates as a distinguished holding company with a primary focus on investments in alternative energy and ethanol production. The company has established itself in the renewable energy sector through its two key operating segments: Ethanol and By-Products.

REX's core offerings include ethanol, a widely used renewable fuel, and various by-products such as dried distillers grains (DDGS), modified distillers grains (MDGS), and non-food grade corn oil. These by-products are essential for animal feed and other industrial applications, contributing to sustainable agricultural practices.

The company's commitment to alternative energy is reflected in its strategic investments and partnerships, aimed at expanding its production capabilities and improving operational efficiencies. REX has been actively involved in acquiring and managing ethanol production facilities, which allows it to maintain a strong presence in the renewable energy market.

Recent achievements include advancements in production technology, strategic expansion into new markets, and efforts to reduce the environmental footprint of its operations. These initiatives highlight REX's dedication to innovation and sustainability.

Financially, REX American Resources Corp. remains robust, with consistent revenue streams generated from its diversified product lines. The company's sound financial health is supported by its prudent investment strategies and efficient management practices.

Investors are particularly interested in REX due to its stability and growth potential in the renewable energy sector. As the demand for sustainable energy solutions continues to rise, REX is well-positioned to capitalize on these trends.

For the latest updates and detailed information about REX American Resources Corp., including performance metrics and recent developments, visit our news section.

Rhea-AI Summary
REX American Resources reports Q2 '23 net income per share of $0.52. Net sales and revenue decline due to reduced ethanol quantities and lower prices. Gross profit increases 30.1% due to lower corn and natural gas pricing. Income before taxes and non-controlling interests increases 64.3% excluding COVID-19 relief grants. Net income attributable to REX shareholders decreases. CEO highlights focus on operational efficiency and carbon capture projects. Balance sheet shows cash and cash equivalents of $284.4 million. No specific positive or negative business takes identified.
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REX American Resources Corporation to report Q2 2023 financial results on August 30
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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of REX American Resources (REX)?

The current stock price of REX American Resources (REX) is $46.28 as of November 5, 2024.

What is the market cap of REX American Resources (REX)?

The market cap of REX American Resources (REX) is approximately 808.4M.

What does REX American Resources Corp do?

REX American Resources Corp is a holding company focused on investments in alternative energy and ethanol production.

What are the main products of REX?

REX produces ethanol and by-products such as dried distillers grains, modified distillers grains, and non-food grade corn oil.

What are the company's operating segments?

REX operates through two main segments: Ethanol and By-Products.

How does REX contribute to sustainability?

REX contributes to sustainability by producing renewable energy and by-products that support sustainable agricultural practices.

What recent achievements has REX made?

Recent achievements include advancements in production technology, market expansion, and efforts to reduce their environmental impact.

Why should investors be interested in REX?

Investors are interested in REX due to its stability, growth potential, and strong presence in the renewable energy market.

What is the financial condition of REX?

REX maintains a robust financial health with consistent revenue streams from its diversified products and sound investment strategies.

Where can I find the latest news about REX?

You can find the latest news and updates about REX on their official website and news sections.

What are dried distillers grains?

Dried distillers grains are a by-product of ethanol production used primarily as animal feed.

Is REX involved in any partnerships?

Yes, REX engages in strategic partnerships to expand its production capabilities and enhance operational efficiencies.

REX American Resources Corp.

NYSE:REX

REX Rankings

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808.44M
17.57M
13.53%
88.22%
3.22%
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