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Oct 31, 2021
REX American Q3 2021 Earnings Report
REX American reported Q3 2021 earnings with an increase in net income per share attributable to REX common shareholders.
Key Takeaways
REX American Resources reported strong Q3 2021 results, driven by improved pricing across ethanol products which offset higher input costs. Earnings per share increased to $2.56, and the company continues to focus on efficiencies and operational excellence.
Net sales and revenue increased to $203.1 million compared to $124.2 million in Q3 2020.
Gross profit for continuing operations rose to $25.2 million, up from $18.9 million in Q3 2020.
Net income attributable to REX shareholders was $15.3 million, compared to $8.8 million in the previous year.
Basic and diluted net income per share attributable to REX common shareholders increased to $2.56 from $1.44 in Q3 2020.