REX - REX American Resources Exceeds Q2 Revenue Expectations Falls Short On EPS | Benzinga
REX American Resources Corp (NYSE: REX) reported second-quarter FY23 net sales and revenue decline of 11.8% Y/Y to $211.98 million, beating the consensus of $195.14 million.
The year-over-year net sales and revenue decline reflect a reduction in the quantities sold of ethanol and lower prices for ethanol, dried and modified distillers, grains, and corn oil.
Gross profit increased 30.1% YoY to $18.4 million, reflecting lower corn and natural gas pricing. Gross margin expanded by 280 bps to 8.7%.
EPS of $0.52, ...