Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 2

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Selling, general and administrative expenses 
     (6,201) 
     (6,440) 
     (12,145) 
     (12,551)

    Equity in income of unconsolidated affiliates 
     891  
     1,747  
     1,897  
     3,465 

    Interest and other income, net 
     3,088  
     4,416  
     7,310  
     10,321 

    Income before income taxes 
     12,097  
     19,496  
     25,723  
     35,459 

    Provision for income taxes 
     (2,769) 
     (4,489) 
     (5,723) 
     (8,179)

    Net income 
     9,328  
     15,007  
     20,000  
     27,280 

    Net income attributable to noncontrolling interests 
     (2,217)  
     (2,629)  
     (4,211)  
     (4,711) 

    Net income attributable to REX common shareholders 
    $7,111  
    $12,378  
    $15,789  
    $22,569 

    Weighted average shares outstanding – basic 
     16,505  
     17,548  
     16,694  
     17,528 

    Basic net income per share attributable to REX common shareholders 
    $0.43  
    $0.71  
    $0.95  
    $1.29 

    Weighted average shares outstanding – diluted 
     16,505  
     17,671  
     16,694  
     17,648 

    Diluted net income per share attributable to REX common shareholders 
    $0.43  
    $0.70  
    $0.95  
    $1.28 

The accompanying notes are an integral part of these unaudited consolidated
financial statements.

5

REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Equity

For the Three and Six Months Ended July 31,