REX American Resources Reports Q2 2023 Net Income of $9.1 Million

REX American Resources Corporation (REX), a leading diversified company in the alt ernative energy sector, has announced its financial results for the second quarter of 2023. The company reported a net income of $9.1 million for the quarter, reflecting a decrease compared to the same period last year. Despite the decline in net income, REX demonstrated resilience with revenue totaling $212 million for the quarter.

Net Income Decline in Q2 2023

During the three months ended July 31, 2023, REX American Resources Corporation recorded a net income of $9.1 million. This marks a decrease from the net income of $11.2 million reported during the same period in 2022. The decline in net income can be attributed to various factors impacting the company's operations and market conditions.

Revenue of $212 Million in Q2 2023