- REX American Resources (REX, Financial) reported fiscal Q1 2025 net income per share of $0.51, showing a slight decrease from the previous year.
- The company repurchased 822,000 shares worth $32.7 million during Q1 2025, accounting for 4.7% of its outstanding shares.
- REX continues with key projects in ethanol production expansion and carbon capture, with project completion expected in 2026.
REX American Resources Corporation (REX) has released its fiscal first quarter 2025 financial results, reporting a net income per share of $0.51 attributable to common shareholders. This figure marks a slight decline from $0.58 per share in the same quarter of the previous fiscal year.
The Dayton-based ethanol producer generated a gross profit of $14.3 million in the first quarter, marginally down from $14.5 million a year ago, despite a 1.8% decrease in net sales and revenue to $158.3 million from $161.2 million in Q1 2024. Interest and other income stood at $4.2 million, a decrease from $5.9 million the previous year.
In a strategic move to enhance shareholder value, REX repurchased 822,256 shares for a total of $32.7 million during the quarter, representing roughly 4.7% of its outstanding shares, bringing the total repurchased since December 2024 to 6.8%.
Looking forward, REX is focusing on enhancing its ethanol production capabilities and carbon capture initiatives at its One Earth Energy facility. The ethanol production expansion and the carbon sequestration project are on track for completion in 2026, with capital expenditures for these projects summing up to $122.7 million by the end of Q1 2025. The company’s total budget for these initiatives is estimated between $220 million to $230 million.
As of April 30, 2025, REX maintained a robust balance sheet with $315.9 million in cash, cash equivalents, and short-term investments, and no bank debt. The company's strong financial performance aligns with its strategy to sustain shareholder value and long-term growth through strategic investments and operational efficiency.
