greeksoup/ stock research
Stock research / United States / REX / Q3 FY2023

REX American Resources (REX) Q3 FY2023 earnings: revenue $221 million, up 0.4% on the year

REX American Resources Corp. (REX) reported revenue of $221 million for Q3 FY2023, the quarter ended 31 October 2023, up 0.4% on the same quarter a year earlier. Net income was $32 million, up 893.8% on the year, and diluted earnings per share $0.74. The figures are the company's own, from the 10-Q it filed with the SEC on 4 December 2023.

Revenue$221 millionup 0.4%
Net income$32 millionup 893.8%
Diluted EPS$0.74
QuarterQ3 FY2023ended 31 October 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue221n/an/an/a
Cost of revenue182n/an/an/a
Gross profit39.3n/an/an/a
Gross margin17.8%n/an/a
Selling, general and administrative7.6n/an/an/a
Pre-tax income41.3n/an/an/a
Income tax9.6n/an/an/a
Effective tax rate23.4%n/an/a
Net income31.6n/an/an/a
Net margin14.3%n/an/a
Diluted EPS$0.74n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow58.6n/an/an/a
Capital expenditure14.2n/an/an/a
Free cash flow44.4n/an/an/a
Free cash flow margin20.1%n/an/a
Cash from investing-88.2n/an/an/a
Cash from financing0.0n/an/an/a
Depreciation and amortisation4.5n/an/an/a
Share-based compensation1.3n/an/an/a
Diluted shares, weighted35mn/an/an/a
Shares outstanding at period end35mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity493n/an/an/a
Non-controlling interest72.6n/an/an/a
Operating lease liabilities9.2n/an/an/a
Other liabilities52.9n/an/an/a
Total liabilities and equity628n/an/an/a
Fixed assets145n/an/an/a
Investments259n/an/an/a
Cash and equivalents72.8n/an/an/a
Receivables30.1n/an/an/a
Inventory37.5n/an/an/a
Other assets83.3n/an/an/a
Total assets628n/an/an/a

Questions

What was REX American Resources' revenue in Q3 FY2023?

REX American Resources (REX) reported revenue of $221 million for Q3 FY2023, the quarter ended 31 October 2023, up 0.4% on the same quarter a year earlier.

How much did REX American Resources earn in Q3 FY2023?

Net income for Q3 FY2023 was $32 million, up 893.8% on the year, and diluted earnings per share $0.74.

When did REX American Resources report Q3 FY2023 results?

REX American Resources filed its 10-Q for the quarter ended 31 October 2023 with the SEC on 4 December 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue221188161148175158158159176158156168
Cost of revenue182162147128135141144144139129135134
Gross profit39.330.414.519.839.717.614.314.336.128.929.153.3
Gross margin18%16%9%13%23%11%9%9%21%18%19%32%
SG&A7.67.46.16.48.46.25.96.28.212.39.715.6
Pre-tax income41.332.516.019.539.517.9n/an/a35.5n/an/an/a
Tax rate23%22%23%23%24%21%n/an/a23%n/an/an/a
Net income31.615.012.312.424.511.18.77.123.443.718.534.9
Net margin14%8%8%8%14%7%5%4%13%28%12%21%
Diluted EPS$0.74$0.58$0.29$0.35$0.69$0.32$0.26$0.21$0.71$1.32$0.56$1.06
Operating cash flow58.660.8-2.38.033.425.1-3.516.351.253.8-2.140.1
Capital expenditure14.215.324.815.415.215.96.922.026.712.811.623.3
Free cash flow44.445.5-27.1-7.418.29.2-10.4-5.724.541.0-13.716.8
Buybacksn/an/an/an/an/an/a32.70.70.00.00.01.6
Shares outstanding35m35m35m35m35m34m33m33m33m33m33m33m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 October 2023, filed 4 December 2023, accession 0000930413-23-002522: the filing on EDGAR. All of REX American Resources Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install