REX American Resources (REX)

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REX American Resources (REX) - 2020 Q4 - Annual Report
2020-04-01 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 31, 2020 COMMISSION FILE NO. 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 31-1095548 (I.R.S. Employer Identification No.) 7720 Paragon Road, Dayton, Ohio (Address of principal executiv ...
REX American Resources (REX) - 2020 Q3 - Quarterly Report
2019-12-05 14:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2019 OR o 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 ...
REX American Resources (REX) - 2020 Q2 - Quarterly Report
2019-09-04 17:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2019 OR o 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 31-1 ...
REX American Resources (REX) - 2020 Q1 - Quarterly Report
2019-06-04 13:24
Financial Performance - Net sales and revenue for the quarter ended April 30, 2019, were approximately $104.6 million, a decrease of approximately $16.2 million compared to $120.8 million in the prior year[102]. - Gross profit for the first quarter of fiscal year 2019 was approximately $3.6 million, representing 3.5% of net sales, down from approximately $10.9 million or 9.0% in the same quarter of fiscal year 2018[103]. - Income before income taxes for the first quarter of fiscal year 2019 was approximately $0.2 million, a significant decrease from approximately $7.6 million in the first quarter of fiscal year 2018[107]. - Net income attributable to REX common shareholders for the first quarter of fiscal year 2019 was approximately $2.8 million, a decrease of approximately $6.7 million from $9.5 million in the prior year[110]. - Segment profit for Q1 2019 was approximately $1.7 million, a decrease of approximately $6.9 million compared to Q1 2018 profit of approximately $8.6 million[129]. Sales and Revenue Breakdown - Ethanol sales decreased from approximately $91.9 million in Q1 2018 to approximately $77.6 million in Q1 2019, a decline of 15% due to an 11% decrease in gallons sold and a $0.06 decrease in price per gallon[117]. - Dried distillers grains sales fell from approximately $20.1 million in Q1 2018 to approximately $18.7 million in Q1 2019, a decrease of 7% driven by a 10% decrease in tons sold, partially offset by a $4.27 increase in price per ton[118]. - Average selling price per gallon of ethanol decreased to $1.27 in Q1 2019 from $1.33 in Q1 2018, while average selling price per ton of dried distillers grains increased to $142.02 from $137.75[117]. Operational Metrics - Big River shipped approximately 425 million gallons of ethanol in the trailing twelve months ended April 30, 2019, with an effective ownership of approximately 366 million gallons[105]. - The company anticipates producing approximately 2.8 gallons of denatured ethanol for each bushel of grain processed[91]. - Future sales expectations include 270 million to 300 million gallons of ethanol and 580,000 to 650,000 tons of dried distillers grains, contingent on market conditions and operational efficiency[119]. Expenses and Cash Flow - SG&A expenses for the first quarter of fiscal year 2019 were approximately $4.7 million, consistent with the prior year's amount of $4.6 million[104]. - Net cash provided by operating activities was approximately $1.5 million in Q1 2019, compared to a net cash used of approximately $3.5 million in Q1 2018[137]. - Cash provided by investing activities for Q1 FY 2019 was approximately $14.4 million, a significant improvement compared to cash used of approximately $114.2 million in Q1 FY 2018[141]. - Cash used in financing activities was insignificant in Q1 FY 2019, compared to approximately $8.5 million used in Q1 FY 2018 for stock repurchases[143]. Tax and Financial Projections - The effective tax rate for the first quarter of fiscal year 2019 was approximately (2,124.6)%, compared to (35.3)% for the same period in fiscal year 2018[108]. - A 10% adverse change in ethanol prices could decrease pre-tax income by approximately $34,264,000[149]. - A 10% adverse change in corn prices could decrease pre-tax income by approximately $34,818,000[149]. - The company does not expect to renew $10.0 million revolving loan facilities that mature on June 1, 2019, based on liquidity considerations[145]. Investment and Commitments - The company has a stock buyback program with authorization to repurchase approximately 350,000 shares[144]. - As of April 30, 2019, the company has forward purchase contracts for approximately 11.2 million bushels of corn and 388,000 MMBtu of natural gas, expecting delivery through July 2019[149]. - The company has sales commitments for approximately 45.2 million gallons of ethanol, 65,000 tons of distillers grains, and 18.5 million pounds of non-food grade corn oil, with expected delivery through July 2019[149]. - The company is evaluating investment opportunities in energy-related, agricultural, or other ventures that fit its investment criteria[144].
REX American Resources (REX) - 2019 Q4 - Annual Report
2019-03-29 18:12
THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 31, 2019 COMMISSION FILE NO. 001-09097 REX AMERICAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 31-1095548 (I.R.S. Employer Identification No.) 7720 Paragon Road, Dayton, Ohio (Address of principal executive offices) 45459 (Zip Code) Registrant's telephone number, including area code (937) 276-3931 UNITED STATES SECURITIES AND EXCHANGE ...