Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 79

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 Gross profit
    $
    14,342
     
    $
    14,451

    Income before income taxes
    $
    13,626

    $
    15,963

    Provision for income taxes
    $
     (2,954)
     
    $
     (3,690)

    Net income attributable to REX common shareholders
    $
    8,678

    $
    10,191

30

The following table summarizes net sales
and revenue by product group (amounts in thousands):

    Three Months Ended April 30,

    2025
     
    2024

    Ethanol
    $
    124,397
     
    $
    119,427

    Dried distillers grains
     
    22,286

    30,686

    Distillers corn oil
     
    9,879

    9,805

    Modified distillers grains
     
    1,623

    1,197

    Derivative financial instruments gains
     
    17

    -

    Other
     
    138

    116

    Total
    $
    158,340
     
    $
    161,231

The following table summarizes selected
operating data:

    Three Months Ended April 30, 

    2025  
    2024 

    Average selling price per gallon of ethanol (net of hedging) 
    $1.76  
    $1.60 

    Gallons of ethanol sold (in millions) 
     70.9  
     74.5 

    Average selling price per ton of dried distillers grains 
    $145.65  
    $187.64 

    Tons of dried distillers grains sold 
     153,010  
     163,533 

    Average selling price per pound of distillers corn oil 
    $0.46  
    $0.47 

    Pounds of distillers corn oil sold (in millions) 
     21.4  
     21.0 

    Average selling price per ton of modified distillers grains 
    $73.44  
    $82.52 

    Tons of modified distillers grains sold 
     22,094