2023-03-23 07:09:38 ET
- REX American Resources press release ( NYSE: REX ): Q4 GAAP EPS of $0.47 beats by $0.11 .
- Revenue of $200.2M (-5.6% Y/Y) misses by $9.8M .
- Q4 ‘22 gross profit for the company’s continuing operations was $14.9 million, compared with $38.8 million in Q4 ‘21 reflecting increases in corn and natural gas prices.
- "Looking ahead, we are excited by the many opportunities in front of us and remain confident in the value proposition that ethanol brings to consumers and the environment. We are also encouraged by the potentially compelling financial benefits of our carbon capture and sequestration initiatives on the back of the recently enacted Inflation Reduction Act and believe our efforts will yield significant financial benefits for our employees, partners and shareholders."
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REX American Resources GAAP EPS of $0.47 beats by $0.11, revenue of $200.2M misses by $9.8M