Overview
REX fiscal Q2 revenue rises to $158.6 mln, driven by higher sales volumes
Net income per share declines to $0.43 from $0.70 in Q2 '24
Company announces 2-for-1 stock split, doubling outstanding shares
Outlook
Company expects ethanol expansion project completion in 2026
Company sees benefits from 45Z and 45Q tax credits in the One Big Beautiful Bill Act
REX confident in market forces supporting ethanol business
Result Drivers
HIGHER SALES VOLUMES - Revenue increase driven by higher ethanol sales volumes, despite lower ethanol and dried distiller grain pricing, according to the company
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $158.56 mln |
|
Q2 EPS |
| $0.43 |
|
Q2 Net Income |
| $9.33 mln |
|
Analyst Coverage
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nBwLMGzMa