Financial Performance - REX reported net income attributable to shareholders of $12.4 million for Fiscal Q2 '24, a 37% increase from $9.1 million in Fiscal Q2 '23[1][4] - Diluted net income per share for Fiscal Q2 '24 was $0.70, up from $0.52 in the same quarter last year, based on 17,671,000 diluted shares outstanding[1][4] - Gross profit for Fiscal Q2 '24 was $19.8 million, reflecting a more than 7% increase compared to $18.4 million in Fiscal Q2 '23[1][3] - Net income for the period ending July 31, 2024, was $27,280,000, up from $18,984,000 in the same period last year, representing a year-over-year increase of approximately 43.5%[17] - The company reported a net cash increase of $37,643,000 for the period, compared to $30,819,000 in the prior year[17] Revenue and Sales - Net sales and revenue decreased to $148.2 million in Fiscal Q2 '24 from $212.0 million in Fiscal Q2 '23, primarily due to reduced pricing for ethanol and co-products[1][3] - REX's consolidated ethanol sales volumes were 65.1 million gallons in Fiscal Q2 '24, a decrease of approximately 6% compared to the same period in Fiscal 2023[1][1] Assets and Liabilities - Total assets increased to $680,009,000 as of July 31, 2024, compared to $664,802,000 on January 31, 2024, reflecting a growth of approximately 2.0%[16] - Total current liabilities decreased to $51,909,000 from $66,259,000, a reduction of approximately 21.6%[16] - Total equity increased to $616,186,000 from $587,597,000, reflecting a growth of approximately 4.9%[16] - The company’s retained earnings rose to $724,330,000 from $701,761,000, an increase of about 3.2%[16] Cash Flow and Investments - Cash and cash equivalents rose to $261,040,000 from $223,397,000, marking an increase of about 16.9%[17] - Net cash provided by operating activities was $5,708,000, slightly down from $6,628,000 year-over-year[17] - Capital expenditures for the period were $40,219,000, significantly higher than $8,173,000 in the previous year, indicating increased investment in assets[17] - Capital expenditures for the One Earth Energy carbon capture project totaled $49.1 million, while expenditures for ethanol production expansion reached $41.7 million, totaling $90.8 million[1][8] Future Projects and Plans - The expansion of the One Earth Energy ethanol production facility is expected to increase capacity from 150 million to 175 million gallons per year by the end of Q1 2025[1][7] - The EPA is projected to issue a draft permit for the carbon capture project by the end of 2024, with a final decision expected in Q2 2025[1][5] Management Focus - Management emphasized a focus on managing expenses and capitalizing on opportunities in the corn market to deliver positive returns for shareholders[1][10] Non-Cash Activities - Non-cash financing activities included stock awards accrued totaling $798,000, up from $570,000 in the previous year[17]

Company Performance - REX reported quarterly earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of $0.44 per share, and up from $0.52 per share a year ago, representing an earnings surprise of 59.09% [1] - The company posted revenues of $148.16 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.48%, but down from year-ago revenues of $211.98 million [2] - REX has surpassed consensus EPS estimates for the last four quarters and has topped consensus revenue estimates four times over the same period [2] Future Outlook - The sustainability of REX's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3] - Current consensus EPS estimate for the coming quarter is $0.47 on revenues of $159 million, and for the current fiscal year, it is $1.79 on revenues of $622 million [7] - The estimate revisions trend for REX is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Biofuels industry, to which REX belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact REX's stock performance [5]

Revenue and Sales Performance - Ethanol revenue decreased 25% in Q1 FY2024 compared to Q1 FY2023, with average selling price per gallon dropping 28% to $1.60, offset by a 4% increase in gallons sold to 74.5 million gallons[112][113] - Distillers corn oil revenue decreased 25% in Q1 FY2024, with average price per pound dropping 25% to $0.47, partially offset by a 2% increase in pounds sold to 21.0 million pounds[112][115] - Modified distillers grains revenue decreased 24% in Q1 FY2024, with average price per ton dropping 35% to $82.52, partially offset by an 18% increase in tons sold to 14,510 tons[112][116] - Net sales and revenue decreased 24% in Q1 FY2024 compared to Q1 FY2023[112] Capital Expenditures and Projects - The company has spent $41.0 million life-to-date and is contractually committed to spend an additional $9.2 million on the carbon sequestration project, with total expected costs of $165-175 million[100] - The company has spent $37.0 million life-to-date and is contractually committed to spend an additional $5.1 million on the One Earth plant expansion and CI reduction efforts[100] - The company plans to increase One Earth ethanol plant production from 150 million gallons/year to 175 million gallons/year in Q1 FY2025, with further expansion to 200 million gallons/year planned[98] - The company submitted a CO2 pipeline application to the ICC but expects it to be dismissed due to new Illinois legislation, potentially delaying the project until July 1, 2026[96] - Capital expenditures for Q1 FY2024 were $24.8 million, including $10.1 million for expansion and CI scoring reduction at One Earth and $11.0 million for the carbon sequestration project[129] - Total capital expenditures for One Earth facilities are expected to be $165 million to $175 million, with $85 million to $110 million planned for the remainder of FY2024[132] Financial Instruments and Risk Management - The company utilizes derivative financial instruments, primarily exchange-traded commodity futures and swaps, for corn procurement and commodity marketing activities[93][119] - The company is exposed to market fluctuations in commodity prices, which could impact future operating results[137] Operating Expenses and Income - SG&A expenses increased to $6.1 million in Q1 FY2024 from $5.8 million in Q1 FY2023, primarily due to higher performance bonus expenses[120] - Income from equity investment in Big River was $1.7 million in Q1 FY2024, up from $1.5 million in Q1 FY2023, representing an effective ownership of 38.8 million gallons of ethanol shipped in the trailing twelve months[121] - Interest and other income increased to $5.9 million in Q1 FY2024 from $2.8 million in Q1 FY2023, driven by higher yields on excess cash and short-term investments[122] - Income before income taxes rose to $16.0 million in Q1 FY2024 compared to $8.7 million in Q1 FY2023, with an income tax provision of $3.7 million and $2.0 million respectively[123] - Net income attributable to REX common shareholders was $10.2 million in Q1 FY2024, up from $5.2 million in Q1 FY2023[125] Cash Flow and Working Capital - Net cash used in operating activities decreased to $2.3 million in Q1 FY2024 from $14.0 million in Q1 FY2023, with cash provided by net income of $12.3 million and non-cash adjustments of $5.6 million[126] - Working capital stood at $358.9 million as of April 30, 2024, down from $385.8 million at January 31, 2024, with a current assets to current liabilities ratio of 6.7 to 1[128] Shareholder Equity and Buyback Program - The company has a stock buyback program with 876,786 shares remaining authorized as of April 30, 2024[133]

REX American Resources Corporation (NYSE:REX) Q1 2024 Earnings Conference Call May 22, 2024 11:00 AM ET Company Participants Douglas Bruggeman - Chief Financial Officer Stuart Rose - Executive Chairman Zafar Rizvi - Chief Executive Officer Conference Call Participants Pavel Molchanov - Raymond James B.J. Cook - Singular Research Operator Good morning, and welcome to the REX American Resources Fiscal First Quarter 2024 Conference Call. As a reminder, today's call is being recorded. And at this time, all part ...

Exhibit 99 REX American Resources Reports Fiscal 2024 First Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.58 Construction phase of carbon capture and compression facility scheduled for completion in July Announces securing of 100% of rights of way for carbon capture pipeline Dayton, OH - Wednesday, May 22, 2024 - REX American Resources Corporation ("REX" or the "Company") (NYSE: REX), a leading ethanol production company, today announced financial and operational results for the ...

REX (REX) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 87.10%. A quarter ago, it was expected that this ethanol producer would post earnings of $0.71 per share when it actually produced earnings of $1.16, delivering a surprise of 63.38%. Over the last four quarters, the company h ...

PART I [Business](index=3&type=section&id=Item%201.%20Business) REX American Resources operates in ethanol and by-products, with profitability tied to crush spreads and a strategic carbon sequestration project Fiscal Year 2023 vs 2022 Financial Performance | Metric | Fiscal 2023 | Fiscal 2022 | | :--- | :--- | :--- | | Net Income Attributable to REX | $60.9 million | $27.7 million | - The increase in profits in fiscal 2023 was primarily driven by **higher crush spreads**, which is the margin between the price of ethanol and the cost of corn[18](index=18&type=chunk) Ethanol Entity Ownership Interests (as of Jan 31, 2024) | Entity | Location | REX's Ownership Interest | | :--- | :--- | :--- | | One Earth Energy, LLC | Gibson City, IL | 75.8% | | NuGen Energy, LLC | Marion, SD | 99.7% | | Big River Resources, LLC | Various | 5.7% - 10.3% | - The six facilities in which REX has an interest shipped approximately **716 million gallons** of ethanol in FY2023, with REX's effective ownership portion being approximately **290 million gallons**[19](index=19&type=chunk) - The company is developing a carbon sequestration project at its One Earth facility, with an expected total cost of **$165-$175 million**, aiming to qualify for tax credits under sections 45Q and 45Z of the Internal Revenue Code[24](index=24&type=chunk)[27](index=27&type=chunk) - The NuGen facility has signed an agreement to be part of Summit Carbon Solutions' carbon capture and storage pipeline, allowing it to share in the economic benefits of tax credits[28](index=28&type=chunk) [Risk Factors](index=9&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from volatile commodity prices, regulatory changes, carbon sequestration project approvals, and refined coal tax credit disallowance - The company's financial performance is **highly dependent on the volatile prices of commodities** such as corn, natural gas, ethanol, and distillers grains, where a sustained narrow or negative spread could adversely affect operating results[51](index=51&type=chunk)[52](index=52&type=chunk) - The U.S. ethanol industry is **heavily reliant on federal and state legislation**, particularly the **Renewable Fuel Standard (RFS)**, and unfavorable changes like Small Refinery Exemptions could reduce demand and pricing for ethanol[82](index=82&type=chunk)[84](index=84&type=chunk) - The planned carbon sequestration facility at One Earth requires **numerous government and landowner approvals**, and failure to obtain these could prevent project completion and result in a **significant write-off of investments**[75](index=75&type=chunk) - The company's discontinued refined coal operation is **under IRS audit**, and if the IRS disallows tax credits, it could have a **material adverse impact** on the company's results of operations[117](index=117&type=chunk) - Future demand for ethanol is **uncertain** due to emerging transportation trends, including the increasing adoption of hybrid and electric vehicles and potential government bans on internal combustion engines[71](index=71&type=chunk) [Unresolved Staff Comments](index=21&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the Securities and Exchange Commission - None[129](index=129&type=chunk) [Cybersecurity](index=22&type=section&id=Item%201C.%20Cybersecurity) REX manages cybersecurity risk through a robust framework with Board oversight, reporting no material incidents as of January 31, 2024 - The company has incorporated cybersecurity processes into its overall risk management system, utilizing measures such as **multi-factor authentication, access controls, and data encryption**[131](index=131&type=chunk) - Oversight is provided by the **Board of Directors and management**, with the **Audit Committee** receiving regular updates on the IT control environment and handling any whistleblower submissions related to cybersecurity[132](index=132&type=chunk) - As of January 31, 2024, the company had **not identified any cybersecurity incidents** that would have a **material impact** on its business or financial statements[133](index=133&type=chunk) [Properties](index=22&type=section&id=Item%202.%20Properties) Property information is detailed in Item 1 of this report under "Ethanol Investments" and "Facilities" - The information required by this item is set forth in Item 1 of this report[134](index=134&type=chunk) [Legal Proceedings](index=22&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in legal proceedings but anticipates no material adverse effect on its financial condition or operations - The company believes that any current legal proceedings will **not have a material adverse effect** on its financial condition or results of operations[135](index=135&type=chunk) [Mine Safety Disclosures](index=23&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[137](index=137&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=23&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) REX common stock trades on NYSE under REX, with no cash dividends and 876,786 shares remaining for repurchase as of January 31, 2024 - The company's common stock is traded on the **New York Stock Exchange** under the symbol **REX**[145](index=145&type=chunk) - The company has **no history of paying cash dividends** on its common stock[146](index=146&type=chunk) - As of January 31, 2024, **876,786 shares** remained available for purchase under the company's share repurchase authorization, with no repurchases made in the fourth quarter of fiscal year 2023[147](index=147&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reports improved FY2023 financial performance, with net income at **$60.9 million** driven by higher crush spreads and strong liquidity of **$378.7 million** supporting capital projects [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Gross profit more than doubled to **$98.2 million** in FY2023 due to improved crush spreads, despite a 3% decrease in net sales, as cost of sales fell by 9% Consolidated Results of Operations (in thousands) | | Fiscal Year 2023 | Fiscal Year 2022 | | :--- | :--- | :--- | | Net sales and revenue | $ 833,384 | $ 855,000 | | Gross profit | $ 98,218 | $ 48,602 | | Net income attributable to REX | $ 60,935 | $ 27,697 | - Net sales decreased by **3%** in FY2023 compared to FY2022, as weaker pricing across all products offset an increase in sales volumes[169](index=169&type=chunk) - Cost of sales decreased by **9%** in FY2023, primarily due to lower corn and natural gas prices, which more than offset the increase in corn usage[175](index=175&type=chunk) - Gross profit increased by **102%** in FY2023, with the gross profit margin expanding to **11.8%** from **5.7%** in the prior year[176](index=176&type=chunk) - SG&A expenses increased by **29%** in FY2023, mainly due to higher performance bonus expenses resulting from increased net income and the issuance of restricted stock awards[179](index=179&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) Operating cash flow increased to **$128.0 million** in FY2023, with **$378.7 million** in cash and short-term investments, supporting **$125-$150 million** in planned FY2024 capital expenditures - The company's cash and short-term investments balance was approximately **$378.7 million** at January 31, 2024[191](index=191&type=chunk) - Planned capital expenditures for the One Earth carbon sequestration and plant expansion projects are expected to be **$165 million to $175 million** in total, with **$125 million to $150 million** planned for fiscal year 2024[192](index=192&type=chunk) Cash Flow Summary (in millions) | Activity | Fiscal Year 2023 | Fiscal Year 2022 | | :--- | :--- | :--- | | Net cash from operating activities | $128.0 | $54.8 | | Net cash from/(used in) investing activities | $28.4 | $(198.5) | | Net cash used in financing activities | $(4.3) | $(17.0) | - The increase in operating cash flow in FY2023 was driven by **higher net income** and **favorable changes in working capital**, including a **$21.8 million decrease** in inventory[194](index=194&type=chunk)[195](index=195&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) REX faces significant commodity price risk, particularly for corn and ethanol, with a hypothetical 10% adverse change impacting pre-tax income by over **$42 million** for each - The company manages a portion of its commodity price risk by using forward purchase and sale contracts[213](index=213&type=chunk) Estimated Pre-tax Income Decrease from a 10% Adverse Price Change (in thousands) | Commodity | Estimated Decrease (in thousands) | | :--- | :--- | | Corn | $42,793 | | Ethanol | $42,203 | | Distillers Grains | $11,042 | | Distillers Corn Oil | $3,858 | | Natural Gas | $2,010 | [Financial Statements and Supplementary Data](index=36&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited consolidated financial statements, with total assets of **$664.8 million** and net income of **$60.9 million** for FY2023, supported by detailed accounting notes and auditor reports [Consolidated Financial Statements](index=36&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements show total assets of **$664.8 million** and shareholders' equity of **$513.9 million** as of January 31, 2024, with FY2023 net income at **$60.9 million** (**$3.47** diluted EPS) Consolidated Balance Sheet Highlights (in thousands) | | Jan 31, 2024 | Jan 31, 2023 | | :--- | :--- | :--- | | Total Current Assets | $452,103 | $372,644 | | Total Assets | $664,802 | $579,579 | | Total Liabilities | $77,205 | $68,585 | | Total REX Shareholders' Equity | $513,918 | $447,982 | Consolidated Statement of Operations Highlights (in thousands, except per share) | | FY 2023 | FY 2022 | FY 2021 | | :--- | :--- | :--- | :--- | | Net Sales and Revenue | $833,384 | $855,000 | $774,802 | | Gross Profit | $98,218 | $48,602 | $90,629 | | Net Income Attributable to REX | $60,935 | $27,697 | $52,364 | | Diluted EPS | $3.47 | $1.57 | $2.92 | [Notes to Consolidated Financial Statements](index=41&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, investments, leases, derivatives, employee benefits, capital and commodity commitments, and income taxes, including deferred tax assets and uncertain tax positions - **(Note 1)** The company has **one reportable segment: ethanol and by-products**, and changed its accounting for shipping and handling costs, **reclassifying them from SG&A to Cost of Sales**, with prior periods retrospectively adjusted[225](index=225&type=chunk)[243](index=243&type=chunk) - **(Note 3)** REX holds a **10.3% equity method investment** in Big River Resources, LLC, with a carrying value of **$34.9 million** at year-end, and also held **$155.3 million** in U.S. Treasury Bills as short-term investments[260](index=260&type=chunk)[263](index=263&type=chunk) - **(Note 11)** As of January 31, 2024, the company had significant commitments, including forward purchase contracts for **17.4 million bushels of corn** and capital project contracts of **$34.9 million**, primarily for its carbon capture and plant expansion projects[299](index=299&type=chunk)[300](index=300&type=chunk) - **(Note 12)** The company's effective tax rate was **22.9%** for fiscal 2023, with a general business credit carryforward of **$12.3 million** and unrecognized tax benefits of **$18.9 million**, and is currently **under a federal income tax examination** for fiscal years 2015 through 2022 related to tax credits[304](index=304&type=chunk)[306](index=306&type=chunk)[312](index=312&type=chunk)[313](index=313&type=chunk) - **(Note 14)** The refined coal business, which **ceased operations on November 18, 2021**, is reported as **discontinued operations**, with no amounts reclassified in fiscal years 2023 and 2022[316](index=316&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=66&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[342](index=342&type=chunk) [Controls and Procedures](index=66&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded disclosure controls and internal control over financial reporting were effective as of January 31, 2024, with an unqualified audit opinion from RSM US LLP - Based on an evaluation as of the end of the period, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures are **effective at a reasonable assurance level**[343](index=343&type=chunk) - Management assessed the effectiveness of internal control over financial reporting based on the COSO framework and concluded that it was **effective as of January 31, 2024**[348](index=348&type=chunk) - The effectiveness of the company's internal control over financial reporting as of January 31, 2024, has been audited by RSM US LLP, an independent registered public accounting firm, which issued an **unqualified opinion**[349](index=349&type=chunk)[352](index=352&type=chunk) [Other Information](index=69&type=section&id=Item%209B.%20Other%20Information) The company reports no other information for this item - None[359](index=359&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=69&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[360](index=360&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=69&type=section&id=Item%2010.%20Directors,%20Executive%20Officers%20and%20Corporate%20Governance) Information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024 - Information is incorporated by reference to the Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024[362](index=362&type=chunk) [Executive Compensation](index=69&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024 - Information is incorporated by reference to the Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024[363](index=363&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=69&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024 - Information is incorporated by reference to the Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024[364](index=364&type=chunk) [Certain Relationships and Related Transactions and Director Independence](index=69&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%20and%20Director%20Independence) Related transactions and director independence information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024 - Information is incorporated by reference to the Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024[365](index=365&type=chunk) [Principal Accountant Fees and Services](index=69&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Principal accountant fees and services information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024 - Information is incorporated by reference to the Proxy Statement for the Annual Meeting of Shareholders on June 11, 2024[366](index=366&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=69&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists financial statements, schedules, and exhibits filed with the Form 10-K, including consolidated financial statements, auditor reports, and corporate documents - This section lists the **consolidated financial statements** and the financial statement schedule (**Schedule II - Valuation and Qualifying Accounts**) filed with the report[368](index=368&type=chunk)[371](index=371&type=chunk) - An **exhibit index** is provided, listing corporate governance documents, employment agreements, incentive plans, and other required filings such as consents of experts and certifications[372](index=372&type=chunk)[373](index=373&type=chunk) [Form 10-K Summary](index=71&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports no Form 10-K summary for this item - None[375](index=375&type=chunk)

REX American Resources Corporation (NYSE:REX) Q4 2023 Earnings Conference Call March 28, 2024 11:00 AM ET Company Participants Doug Bruggeman - Chief Financial Officer Stuart Rose - Executive Chairman Zafar Rizvi - Chief Executive Officer Conference Call Participants Pavel Molchanov - Raymond James BJ Cook - Singular Research Operator Good morning, and welcome to the REX American Resources Fourth Quarter and Full Fiscal Year 2023 Conference Call. As a reminder, today's call is being recorded. And at this ti ...

EXHIBIT 99 REX American Resources Reports Full Fiscal Year 2023 Net Income Per Share Attributable to REX Common Shareholders of $3.47, the Second Highest in Company History Dayton, OH - Thursday, March 28, 2024 - REX American Resources Corporation ("REX" or the "Company") (NYSE: REX), a leading ethanol production company, today announced financial and operational results for the Company's full year and fiscal fourth quarter 2023. REX American Resources' Q4 and full fiscal year 2023 results principally refle ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware 31-1095548 (State or ...