Rex American Resources ( (REX) ) has released its Q1 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, with interests in six ethanol production facilities across the United States. The company is recognized for its significant production capacity and focus on renewable energy solutions.
In its fiscal first quarter of 2025, REX American Resources reported a net income per share of $0.51, reflecting a slight decline from the previous year’s $0.58 per share. The company also highlighted its strategic repurchase of approximately 822,000 shares, amounting to $32.7 million, as part of its ongoing efforts to enhance shareholder value.
Key financial metrics for the quarter included net sales and revenue of $158.3 million, a decrease from $161.2 million in the same quarter of the previous year. This decline was primarily due to lower volumes and sales prices for distiller grains, partially offset by improved ethanol pricing. The company’s gross profit stood at $14.3 million, with net income attributable to REX shareholders at $8.7 million.
Looking ahead, REX American Resources continues to focus on expanding its ethanol production capabilities and advancing its carbon capture and sequestration projects. The company is optimistic about completing its One Earth Energy expansion and carbon capture initiatives by 2026, positioning itself for long-term growth and sustainability in the renewable energy sector.