REX AMERICAN RESOURCES Corp

REX American Resources Corporation announced that its Compensation Committee approved a form of Restricted Stock Unit (RSU) Award Agreement on June 10, 2026. This agreement is established under the REX American Resources Corporation 2026 Incentive Plan and will be used for future awards of restricted stock units. The form of the RSU Award Agreement has been filed as Exhibit 10(a) to the current report.

REX American Resources Corporation announced that its shareholders approved the 2026 Incentive Plan and an amendment to the company's certificate of incorporation, increasing the authorized common stock from 45,000,000 to 90,000,000 shares. The amendment became effective on June 1, 2026. Additionally, at the 2026 Annual Meeting, shareholders elected nine directors, approved executive compensation, and ratified RSM US LLP as the independent auditor.

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.

REX American Resources reported its best fiscal first quarter in company history, with diluted net income per share attributable to common shareholders increasing to $0.56 in Q1 2026 from $0.26 in Q1 2025. Net income attributable to REX shareholders rose to $18.5 million from $8.7 million year-over-year. Gross profit more than doubled to $29.1 million, driven by $7.5 million in production tax credit income and lower corn costs, despite a slight decrease in net sales and revenue to $156.5 million due to lower ethanol pricing. The company is also nearing completion of its One Earth Energy ethanol production expansion and continues to advance its carbon capture project.