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Jul 31, 2021
REX American Q2 2021 Earnings Report
REX American Resources reported second quarter net income and EPS, driven by higher ethanol production and pricing.
Key Takeaways
REX American Resources reported a net income of $7.9 million and earnings per share of $1.31 for Q2 2021, driven by increased ethanol production levels and higher ethanol, distillers grains, and corn oil pricing compared to the prior year. The company's board of directors has authorized the repurchase of up to an additional 500,000 shares of its common stock.
Net sales and revenue increased to $195.8 million, compared to $39.3 million in Q2 2020.
Ethanol and by-products segment gross profit increased to $14.2 million, compared with $0.6 million in Q2 2020.
Net income attributable to REX shareholders was $7.9 million, compared to a net loss of $1.7 million in Q2 2020.
Basic and diluted net income per share attributable to REX common shareholders was $1.31, compared to a net loss per share of $0.28 in Q2 2020.
Forward Guidance
The company focuses on enhancing shareholder value through disciplined operating approach and strategic use of strong balance sheet and liquidity position.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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