NYSE$REX
REX American Resources Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
REX American Resources reported a challenging first quarter of fiscal 2020, impacted by the Covid-19 pandemic, decline in ethanol pricing, and corn supply shortages.
REX American Resources reported a net loss attributable to REX shareholders of $7.6 million, or $1.21 per share, compared to a net income of $2.8 million, or $0.45 per share in Q1 2019. The company's net sales and revenue decreased to $83.3 million from $104.6 million in the prior year, primarily due to lower ethanol gallons sold and overall production decline from the temporary idling of the NuGen plant. The company is reopening the One Earth plant and has repurchased over 108,000 REX common shares.
- Net sales and revenue decreased to $83.3 million compared to $104.6 million in the same quarter last year.
- Gross loss for the ethanol and by-products segment was $8.2 million, compared to a gross profit of $6.1 million in the prior year.
- Net loss attributable to REX shareholders was $7.6 million, or $1.21 per share, compared to a net income of $2.8 million, or $0.45 per share in Q1 2019.
- Company idled operations at NuGen and One Earth plants to preserve financial position but is now reopening the One Earth plant.
Headline financials
Revenue & EPS history
REX American · Revenue · Quarterly
$83.3M
Forward guidance
Conditions have improved as Covid-19 restrictions have begun to be lifted and ethanol pricing has begun to recover. As a result, the company is now in the process of reopening the One Earth plant.
Tailwinds
- Conditions have improved as Covid-19 restrictions have begun to be lifted
- Ethanol pricing has begun to recover
- Company is now in the process of reopening the One Earth plant
- Company will remain disciplined in operating approach
- Company will focus on adapting resources to this fluid and uncertain operating dynamic to ensure that it operates as efficiently as possible, including bringing our NuGen plant back online when appropriate
Headwinds
- Challenging operating environment continues
- Fluid and uncertain operating dynamic
- Covid-19 pandemic
- Decline in ethanol pricing
- Corn supply shortages
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+1.7%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+0.1%
Avg return
30 days after
42%
25 / 60 earnings
Positive
+34.1%
Q4 2023
Best reaction
-22.9%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | -1.8% | — | |
| Q3 2026 | +5.0% | -2.7% | -3.3% | |
| Q2 2026 | +0.0% | +2.6% | +2.1% | |
| Q1 2025 | -6.7% | -2.2% | +15.6% | |
| Q4 2026 | +5.5% | +2.6% | +10.7% | |
| Q3 2024 | -4.1% | -6.1% | -1.7% | |
| Q2 2024 | -6.1% | -4.5% | -5.9% | |
| Q1 2024 | -0.9% | -0.3% | -21.6% | |
| Q4 2023 | +34.1% | +36.4% | +29.9% | |
| Q3 2023 | +27.8% | +16.5% | +28.2% | |
| Q2 2023 | -4.5% | -4.6% | -1.5% | |
| Q1 2023 | +11.6% | +11.6% | +5.1% | |
| Q4 2022 | -6.5% | -3.5% | -5.7% | |
| Q3 2022 | +16.6% | +1.3% | +8.0% | |
| Q2 2022 | -9.9% | -13.3% | -16.8% | |
| Q1 2022 | -0.7% | -1.7% | -4.4% | |
| Q4 2021 | -2.5% | -6.9% | -18.4% | |
| Q3 2021 | +18.6% | +10.5% | +5.5% | |
| Q2 2021 | -2.3% | -4.7% | -3.4% | |
| Q1 2021 | +23.3% | +22.3% | +17.5% | |
| Q4 2020 | -0.6% | -4.5% | -12.1% | |
| Q3 2020 | +16.4% | +9.8% | -11.6% | |
| Q2 2020 | -22.9% | -20.3% | -21.3% | |
| Q1 2020 | -12.2% | -7.9% | -3.1% | |
| Q3 2019 | -6.6% | -11.2% | -11.3% | |
| Q2 2019 | -1.2% | +4.5% | +9.2% | |
| Q1 2019 | -11.7% | -5.9% | -4.5% | |
| Q4 2018 | -0.8% | +1.4% | +3.8% | |
| Q3 2018 | +1.0% | +4.8% | -0.5% | |
| Q2 2018 | -1.5% | +1.8% | -5.6% | |
| Q1 2018 | -5.3% | -4.2% | +6.1% | |
| Q4 2017 | -12.1% | -16.8% | -13.0% | |
| Q3 2017 | +5.8% | +2.6% | -4.3% | |
| Q2 2017 | -7.8% | -8.2% | -0.2% | |
| Q1 2017 | -3.7% | -3.3% | -1.5% | |
| Q4 2016 | +7.8% | +13.9% | +10.0% | |
| Q3 2016 | +9.3% | +11.3% | +11.2% | |
| Q2 2016 | +11.0% | +10.1% | +11.9% | |
| Q1 2016 | -1.4% | +0.3% | +2.1% | |
| Q4 2015 | -6.3% | — | — | |
| Q3 2015 | -16.2% | — | — | |
| Q2 2015 | +15.7% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2014 | +8.2% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | +19.2% | — | — | |
| Q1 2014 | +14.9% | — | — | |
| Q4 2013 | -6.0% | — | — | |
| Q3 2013 | +26.6% | — | — | |
| Q2 2013 | -8.5% | — | — | |
| Q1 2013 | +16.7% | — | — | |
| Q4 2012 | -11.4% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | -6.5% | — | — | |
| Q1 2012 | +3.5% | — | — | |
| Q4 2010 | -7.6% | — | — | |
| Q3 2011 | +6.6% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q1 2011 | -7.0% | — | — |
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