Rex American Resources ( (REX) ) has released its Q4 earnings. Here is a breakdown of the information Rex American Resources presented to its investors.
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REX American Resources Corporation is a prominent player in the ethanol production industry, operating six ethanol production facilities with a significant production capacity. The company has recently released its financial results for the fiscal year 2024.
REX American Resources reported a net income per share of $3.30 for the full fiscal year 2024, with a gross profit of $91.5 million and net sales and revenue totaling $642.5 million. The company also announced an additional share buyback program, authorizing the repurchase of up to 1.5 million shares.
Key financial metrics for the fourth quarter of 2024 included a net income per share of $0.63, gross profit of $17.6 million, and net sales and revenue of $158.2 million. The company is advancing its ethanol production expansion and carbon capture projects at the One Earth facility, with significant capital expenditures of $115.6 million.
Looking ahead, REX American Resources remains focused on its growth strategy, with ongoing projects expected to enhance its operational efficiency and profitability. The management is optimistic about the future, despite challenges in the market environment.