REX AMERICAN RESOURCES Corp Q3 FY2022 Earnings Call

REX AMERICAN RESOURCES Corp (REX)

Earnings Call FY2022 Q3 Call date: 2021-12-01 Concluded

Quarter scorecard

Revenue

$203.07M

+63.5% YoY

Gross margin

12.4%

-2.8 pp YoY

Net income

$15.28M

+72.8% YoY

Ethanol $161.60M

+63.5%

Dried Distillers Grains $28.72M

+37.3%

Non-Food Grade Corn Oil $11.96M

+156.6%

Modified Distillers Grains $2.93M

+421.4%

Other $7,000

+40%

Derivative Financial Instruments Losses -$2.14M

Buybacks (derived)

$5.27M