REX AMERICAN RESOURCES Corp Q3 FY2021 Earnings Call

REX AMERICAN RESOURCES Corp (REX)

Earnings Call FY2021 Q3 Call date: 2020-12-03 Concluded

Quarter scorecard

Revenue

$124.22M

+43.3% YoY

Gross margin

15.2%

+17.2 pp YoY

Net income

$8.84M

Ethanol $98.85M

+49.4%

Dried Distillers Grains $20.92M

+25.8%

Non-Food Grade Corn Oil $4.66M

+50.4%

Modified Distillers Grains $562,000

-19.9%

Other $5,000

Derivative Financial Instruments Losses -$777,000

Buybacks (derived)

$12.50M