Company: REX
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0000930413-25-003566
Chunk: 83

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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427,735  
    $410,358 

    Gross profit 

    Ethanol and by-products 
    $93,974  
    $86,677  
    $150,123  
    $162,015 

    Reconciling Item: Equity method ethanol investment 
     (57,842) 
     (46,996) 
     (85,330) 
     (88,110)

    Total consolidated gross profit 
    $36,132  
    $39,681  
    $64,793  
    $73,905 

    Depreciation and amortization expense 

    Ethanol and by-products 
    $11,633  
    $9,883  
    $33,596  
    $39,393 

    Reconciling Item: Equity method ethanol investment 
     (5,591) 
     (5,235) 
     (16,781) 
     (22,768)

    Total consolidated depreciation and amortization expense 
    $6,042  
    $4,648  
    $16,815  
    $16,625 

    Income before taxes 

    Ethanol and by-products 
    $89,846  
    $84,406  
    $136,625  
    $159,091 

    Reconciling Item: Equity method ethanol investment 
     (54,389) 
     (44,901) 
     (75,445) 
     (84,127)

    Total consolidated income before income taxes 
     35,457  
     39,505  
     61,180  
     74,964 

    Provision for income taxes 
     (7,988) 
     (9,402) 
     (13,711) 
     (17,581)

    Total consolidated net income 
    $27,469  
    $30,103  
    $47,469  
    $57,383 

   (1) Expenses within “Other cost of sales” consist primarily of depreciation, other raw materials, third-party freight charges, purchasing and receiving costs, inspection costs, other distribution expenses, warehousing costs, plant repair and maintenance costs, production labor and related payroll costs, and general facility overhead charges.

26

 Item 2. Management’s Discussion