REX AMERICAN RESOURCES Corp
For the period ended Jul 31, 2024. Filed Aug 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2024 · Filed Aug 30, 2024
REX$40.47+2.8%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
Unaudited
| (In Thousands, Except Per Share Amounts) · Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| July 31, | July 31, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales and revenue | $148,155 | $211,977 | $309,386 | $424,691 |
| Cost of sales (includes $28,340 and $26,399 with related parties for the three months ended July 31, 2024 and 2023, respectively, and $58,987 and $59,887 with related parties for the six months ended July 31, 2024 and 2023, respectively.) | 128,382 | 193,625 | 275,162 | 396,173 |
| Gross profit | 19,773 | 18,352 | 34,224 | 28,518 |
| Selling, general and administrative expenses | (6,440) | (8,618) | (12,551) | (14,387) |
| Equity in income of unconsolidated affiliates | 1,747 | 3,047 | 3,465 | 4,537 |
| Interest and other income, net | 4,416 | 3,271 | 10,321 | 6,072 |
| Income before income taxes | 19,496 | 16,052 | 35,459 | 24,740 |
| Provision for income taxes | (4,489) | (3,768) | (8,179) | (5,756) |
| Net income | 15,007 | 12,284 | 27,280 | 18,984 |
| Net income attributable to noncontrolling interests | (2,629) | (3,229) | (4,711) | (4,693) |
| Net income attributable to REX common shareholders | $12,378 | $9,055 | $22,569 | $14,291 |
| Weighted average shares outstanding – basic | 17,548 | 17,460 | 17,528 | 17,427 |
| Basic net income per share attributable to REX common shareholders | $0.71 | $0.52 | $1.29 | $0.82 |
| Weighted average shares outstanding – diluted | 17,671 | 17,460 | 17,648 | 17,427 |
| Diluted net income per share attributable to REX common shareholders | $0.70 | $0.52 | $1.28 | $0.82 |
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