Quarterly ResultJun 2, 2026, 02:51 PM
REX American Resources Q1 EPS $0.56, Net Income $18.45M
AI Summary
REX American Resources Corp reported a significant increase in profitability for the first quarter of fiscal year 2026, with net income attributable to common shareholders more than doubling to $18.45 million, or $0.56 per share. This improvement was driven by a substantial rise in gross profit to $29.07 million, despite a slight decrease in net sales and revenue to $156.50 million. The company also benefited from $7.55 million in production tax credit income and retroactively reflected a two-for-one stock split from August 2025, while shareholders approved an increase in authorized common stock.
Key Highlights
- Net income attributable to REX common shareholders increased to $18.45 million for Q1 2026 from $8.68 million for Q1 2025.
- Basic and diluted net income per share rose to $0.56 for Q1 2026, up from $0.26 for Q1 2025.
- Gross profit significantly increased to $29.07 million for Q1 2026 compared to $14.34 million for Q1 2025.
- Net sales and revenue slightly decreased to $156.50 million for Q1 2026 from $158.34 million for Q1 2025.
- The company recognized $7.55 million in production tax credit income for Q1 2026.
- Total assets stood at $807.67 million as of April 30, 2026, an increase from $797.73 million at January 31, 2026.
- Shareholders approved an amendment to increase authorized common stock from 45 million to 90 million shares.
- A two-for-one stock split, effective September 15, 2025, was retroactively reflected in the financial statements.
Price Impact
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