REX AMERICAN RESOURCES Corp Q1 FY2022 Earnings Call

REX AMERICAN RESOURCES Corp (REX)

Earnings Call FY2022 Q1 Call date: 2021-05-26 Concluded

Quarter scorecard

Revenue

$164.04M

+97% YoY

Gross margin

11.9%

+23.1 pp YoY

Net income

$7.78M

Ethanol $126.07M

+108%

Dried Distillers Grains $31.12M

+64.5%

Non-Food Grade Corn Oil $5.59M

+75.5%

Modified Distillers Grains $2.29M

+401.8%

Other $93,000

Derivative Financial Instruments Losses -$1.13M