Rex American Resources Corp. (REX) Tops Q3 EPS Views

Rex American Resources Corp. (NYSE: REX) reported Q3 EPS of $2.86, $0.37 better than the analyst estimate of $2.49. Revenue for the quarter came in at $138.5 million versus the consensus estimate of $152 million.

“During the third quarter, we also continued to allocate cash from operations to reduce consolidated plant-level debt. At the end of the fiscal third quarter, consolidated plant-level debt was $33.5 million, marking a $28.5 million, or 46% decrease, compared to 2014 Q2 consolidated plant level debt of $62.0 million. As a result, interest expense declined by 53%, compared to Q3 ‘13, while our debt-to-capital ratio dropped to 9% from 16% at the end of Q2 and 21% at January 31, 2014. Subsequent to the end of fiscal third quarter, we paid off the $33.5 million debt balance on our two consolidated plants.”

For earnings history and earnings-related data on Rex American Resources Corp. (REX) click here.

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