Reports Q4 revenue $158.2M vs. $187.6M last year. The year-over-year net sales and revenue decrease primarily reflects lower product pricing. Q4 ’24 gross profit for the Company was $17.6M , compared with $30.4M in Q4 ’23, a result of the lower selling prices, partially offset by decreases in corn and natural gas prices, and increased ethanol production levels. This led to Q4 ’24 income before income taxes and non-controlling interests of $17.9M, compared with $32.5M in Q4 ’23. Net income attributable to REX shareholders in Q4 ’24 was $11.1 million, compared to $20.6 million in Q4 ’23. Q4 ’24 diluted net income per share attributable to REX common shareholders was $0.63, compared to $1.16 per share in Q4 ’23. Per share results for Q4 ’24 and Q4 ’23 are based on 17,630,000 and 17,657,000 diluted weighted average shares outstanding, respectively.
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