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.
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
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.
REX American Resources Corporation (NYSE: REX) announced it will release its fiscal 2021 fourth quarter financial results on March 23, 2022, prior to market opening. A conference call to discuss the results is scheduled for 11:00 a.m. ET on the same day. REX owns interests in six ethanol production facilities, which collectively shipped approximately 691 million gallons of ethanol in the past year. The company's effective ownership accounted for around 279 million gallons shipped during that period.
REX American Resources reported Q3 '21 net sales of $203.1 million, a significant rise from $124.2 million in Q3 '20, driven by increased pricing for ethanol and by-products. Gross profit for continuing operations rose to $25.2 million compared to $18.9 million year-over-year. Net income attributable to shareholders reached $15.3 million, up from $8.8 million a year earlier, resulting in earnings per share of $2.56. As of October 31, 2021, REX held $219.0 million in cash and investments.
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