REX American Resources posts record $1.49 quarterly EPS on higher ethanol volume
REX American Resources reported results for the fiscal 2023 third quarter ended October 31, 2023. Net income attributable to REX common shareholders rose to $26.1 million from $3.2 million a year earlier, and earnings per share were $1.49 versus $0.18, which the company described as an all-time quarterly record. For shareholders, the gain came mainly from lower corn and natural gas costs, with net sales and revenue nearly flat at $221.1 million.
Key points
- Net income attributable to REX common shareholders was $26.1 million, compared with $3.2 million in Q3 2022.
- Basic and diluted net income per share was $1.49, compared with $0.18 a year earlier, described as an all-time quarterly record.
- Net sales and revenue were $221.1 million, compared with $220.3 million, as ethanol gallons sold rose to 73.2 million from 66.3 million.
- Cash and short-term investments were $332.0 million at October 31, 2023, up from $280.9 million at January 31, 2023.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 30, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.