REX American Q3 Profit Falls to $24.5 Million, EPS $1.38 vs $1.49
REX American Resources reported fiscal third-quarter 2024 results for the three months ended October 31, 2024. Net income attributable to REX shareholders fell to $24.5 million from $26.1 million, and diluted earnings per share fell to $1.38 from $1.49, while net sales and revenue dropped to $174.9 million from $221.1 million, which the company attributed to lower ethanol and co-product pricing. Gross profit rose slightly to $39.7 million, and the company said it had $365.1 million in cash, cash equivalents and short-term investments with no bank debt.
Key points
- Net sales and revenue were $174.9 million, down from $221.1 million a year earlier, mainly on reduced ethanol and co-product pricing.
- Diluted EPS was $1.38 versus $1.49, and net income attributable to REX shareholders was $24.5 million versus $26.1 million.
- Gross profit was $39.7 million, up from $39.3 million, reflecting lower corn and natural gas prices.
- As of October 31, 2024, the company had $365.1 million in cash, cash equivalents and short-term investments and no bank debt.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits 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 December 03, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.