REX American Resources reports Q1 EPS 58c vs. 30c last year

Reports Q1 revenue $161.2M vs. $212.7M last year. The year-over-year net sales and revenue decrease primarily reflects reduced pricing for ethanol and co-products. “REX American has continued to turn in industry-leading earnings from our ethanol operations, as well as progressing on our carbon capture and ethanol production expansion projects,” said Zafar Rizvi, REX CEO. “Going forward, we plan to build on these achievements to make REX an even stronger company, with greater opportunity for growth in a decarbonizing economy, as evidenced by the One Earth Energy projects. As I’ve said before, our laser focus is on profitable, sustainable operations, and this remains the most important goal for me and the entire management team.”