REX AMERICAN RESOURCES Corp Q2 FY2023 Earnings Call

REX AMERICAN RESOURCES Corp (REX)

Earnings Call FY2023 Q2 Call date: 2022-08-30 Concluded

Quarter scorecard

Revenue

$240.33M

+22.8% YoY

Gross margin

5.9%

-1.3 pp YoY

Net income

$11.17M

+41.8% YoY

Ethanol $190.81M

+23.9%

Dried Distillers Grains $34.26M

+8.5%

Distillers Corn Oil $14.22M

Modified Distillers Grains $2.46M

+27%

Other $55,000

+816.7%

Derivative Financial Instruments Losses -$1.47M