Company: REX
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0000930413-25-003566
Chunk: 2

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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     (20,977) 

    Equity in income of unconsolidated affiliates 
     4,388  
     3,621  
     6,285  
     7,086 

    Interest and other income, net 
     3,151  
     4,629  
     10,461  
     14,950 

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

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

    Net income 
     27,469  
     30,103  
     47,469  
     57,383 

    Net income attributable to noncontrolling interests 
     (4,056)  
     (5,603)  
     (8,267)  
     (10,314) 

    Net income attributable to REX common shareholders 
    $23,413  
    $24,500  
    $39,202  
    $47,069 

    Weighted average shares outstanding – basic 
     33,002  
     35,189  
     33,267  
     35,100 

    Basic net income per share attributable to REX common shareholders 
    $0.71  
    $0.70  
    $1.18  
    $1.34 

    Weighted average shares outstanding – diluted 
     33,002  
     35,445  
     33,267  
     35,346 

    Diluted net income per share attributable to REX common shareholders 
    $0.71  
    $0.69  
    $1.18  
    $1.33 

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 Nine Months Ended October 31, 2025 and
2024

Unaudited

(In Thousands)

    REX Shareholders  

    Common