REX American Resources Corp. - REX STOCK NEWS

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.

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.

REX American Resources Corporation (NYSE: REX) will announce its fiscal 2021 third quarter financial results on December 1, prior to market opening. A conference call will follow at 11:00 a.m. ET for a detailed review of the results. The company operates six ethanol production facilities, which shipped approximately 698 million gallons of ethanol over the twelve months ending July 31, 2021, with REX’s effective ownership accounting for about 283 million gallons. Details are accessible on their website.