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REX American Resources REX Q2 2024 earnings

Reported August 27, 2024 · Before market open

Revenue$148.2MMiss by $755.0K
EPS$0.70In line
Revenue estimate$148.9M
EPS estimate$0.70

Next report

Sep 2, 2026 (In 4 days)
Revenue estimate$194.8M
EPS estimate$0.42

Financials

Q2 2024

Income statement

See full
Revenue$148.2M-30.1%
Gross profit$19.8M+7.7%
Net income$15.0M+65.7%
EPS (diluted)$0.70+34.6%

Balance sheet

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Cash & equivalents$261.0M+156%
Total debt$13.2M+3.9%
Total equity$539.6M+15.7%
Total assets$680.0M+14.7%

Cash flow

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Operating cash flow$8.0M-61.4%
CapEx$15.4M+287%
Free cash flow-$7.4M-145%

Valuation & ratios

Valuation

as of 07/31/24
See full
Market cap$891.51M+37.4%
Enterprise value$643.67M+15.0%
P/E12.9×-10.9×
P/S1.2×+0.5×

Profitability

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Gross margin14.5%+8.2pp
Net margin9.6%+6.4pp
FCF margin8%—

Returns & leverage

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Return on equity13.8%+7.7pp
Debt / equity0×0.0×
Current ratio8.1×-0.1×

Segments

By product

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Distillers Corn Oil$8.6M-24.9%
Derivative Financial Instrument Gains Losses$429.0K+4,738%
Other$78.0K+123%

FAQ

When did REX American Resources report Q2 2024 earnings?
REX American Resources (REX) reported Q2 2024 earnings on August 27, 2024 before market open.
What were REX American Resources's Q2 2024 revenue and EPS?
REX American Resources reported revenue of $148.2M and eps of $0.70 for Q2 2024.
Did REX American Resources beat estimates in Q2 2024?
Revenue missed the consensus estimate of $148.9M by $755.0K. EPS beat the consensus estimate of $0.70 by $0.00.
Where can I find REX American Resources's Q2 2024 SEC filings?
You can read the 8-K earnings release (0000930413-24-002468) and the 10-Q periodic report (0000930413-24-002683) directly on SEC EDGAR. The filing index links above go to sec.gov.