Rex American Resources Corp. (REX) Reports Q4 EPS of $0.17, Revenues Beat

Rex American Resources Corp. (NYSE: REX) reported Q4 EPS of $0.17, versus $2.89 reported last year. Revenue for the quarter came in at $113.34 million versus the consensus estimate of $110.5 million.

REX American Resources’ Chief Executive Officer, Zafar Rizvi, commented, “The fourth quarter proved to be the most challenging period of the year, as weak ethanol pricing significantly impacted margins. Despite these headwinds, stronger distillers grains pricing, coupled with our ability to efficiently increase output across our ethanol and by-products segment and the benefit of our refined coal operation, resulted in our ability to continue to operate profitably and generate $31.6 million of net income for the fiscal full year 2018.

“As we enter fiscal 2019, we remain focused on near- and long-term opportunities to enhance shareholder value as we look to leverage our robust balance sheet, including cash, cash equivalents and short-term investments in excess of $200 million and working capital of $234 million. While conditions have remained challenging so far in fiscal 2019, we remain confident in our disciplined operating approach and the value of ethanol as a worldwide fuel supply.”

For earnings history and earnings-related data on Rex American Resources Corp. (REX) click here.

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