REX American Resources (US:REX)2025-12-04 14:18Financial Performance - REX reported Q3 '25 net sales and revenue of $175.6 million, a slight increase from $174.9 million in Q3 '24, representing a 0.4% growth[3] - Gross profit for Q3 '25 was $36.1 million, down from $39.7 million in Q3 '24, reflecting a decrease of approximately 8.9% due to lower ethanol and distillers grain pricing[3] - Net income attributable to REX shareholders in Q3 '25 was $23.4 million, compared to $24.5 million in Q3 '24, indicating a decline of 4.5%[4] - Diluted net income per share for Q3 '25 was $0.71, an increase from $0.69 per share in Q3 '24, marking a growth of 2.9%[4] Cash and Investments - REX's cash, cash equivalents, and short-term investments totaled $335.5 million as of October 31, 2025, with no bank debt[9] Expansion and Capital Expenditures - The company is progressing on the expansion of ethanol production at the One Earth facility, with completion expected in 2026[5] - Capital expenditures related to the One Earth carbon capture and sequestration project and ethanol production expansion totaled $155.8 million, with a combined budget of $220-$230 million for completion[7] Sales and Operational Performance - REX achieved consolidated ethanol sales volumes of 78.4 million gallons in Q3 '25[8] - The company has maintained positive earnings for 21 consecutive quarters, indicating strong operational performance[10] Strategic Opportunities - REX is evaluating opportunities to leverage 45Z tax credits to enhance shareholder value as its projects advance[10] Non-Cash Activities - Non-cash investing activities accrued capital expenditures of $5.235 billion, compared to $3.275 billion previously[21] - Non-cash financing activities accrued stock awards amounted to $3.392 billion, up from $1.648 billion[21] - Non-cash financing activities accrued excise taxes on stock repurchases totaled $258 million, with operating right-of-use assets acquired and liabilities incurred upon lease execution at $3.007 billion[21]