You have reached your limit of free articles this month.

Enjoy unlimited access to

Starting at just 99¢ for 8 weeks.


  • ePAPER

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks


Welcome to

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on

Rex reports improved 3Q results

Net sales and revenue for Rex American Resources Corp. grew in the third quarter of the company’s fiscal year, the company reported Tuesday.

Also growing: The company’s earnings per share.

Rex’s net sales and revenue for its fiscal third quarter were $116.3 million, over the $110.6 million reported in the fiscal third quarter of 2015, Rex said.

The company has interests in six ethanol production facilities in Illinois, South Dakota, Iowa and Wisconsin. The facilities shipped a total of about 661 million gallons of ethanol in the year that ended Oct. 31, 2016.

Its gross profit in the third quarter this year grew to $20.2 million, up from $14.3 million in the same quarter last year, the company reported.

Diluted earnings per share rose 26 percent to $1.36, the company also said.

“We are pleased with our results for the third quarter, including a 26 percent increase in earnings per share, on the back of improved industry crush spreads and the positive impact of our capital investment projects to further expand production at our consolidated plants,” Zafar Rizvi, Rex chief executive, said in a statement. “Given our highly capable employees, the capital improvements at our plants and our operating disciplines, we were able to increase the number of gallons of ethanol produced by approximately 10 percent versus the prior year period.”

Reader Comments ...

Next Up in Business

Popular web browsing feature reveals credit card info
Popular web browsing feature reveals credit card info

The popular web browser feature, auto-fill, may be giving away your credit card information without your knowledge. “There is a security flaw that was recently discovered,” said Gayle Jenkins with the Dayton computer retail shop DNA Computers. “They could ask for your name and email address, you use auto-fill to populate those fields...
Speedway to hire 1,000 workers across 9 states
Speedway to hire 1,000 workers across 9 states

Speedway will hire 1,000 workers in nine Midwest states and will host open interviews at each of its stores in the region later this month. The convenience store chain, with a headquarters in Enon, will host open interviews from 11 a.m. to 3 p.m. Wednesday, Jan. 25 at every one of its stores in nine states, according to information from the company...
Holiday debt blues? Here’s help getting on track
Holiday debt blues? Here’s help getting on track

John North is president of the Dayton Better Business Bureau. With the holidays behind you, the new year is a great time to get your finances back on track if you’ve slipped a bit. By dedicating yourself to using credit responsibly and sticking to a sensible plan, then you can effectively pay down your debt. According to, total U.S....
‘Innovation district’ considered for downtown
‘Innovation district’ considered for downtown

The Air Force Research Laboratory (AFRL) and its allies in the region are changing the way they do business and opening “the fence” to Dayton-area business in new ways, AFRL civilian employees said Friday. The effort may feature a new office in downtown Dayton. AFRL, based at Wright-Patterson Air Force Base — Ohio’s largest...
Dayton manufacturers ID top concerns
Dayton manufacturers ID top concerns

Finding skilled workers tops the list of concerns that Dayton Region Manufacturers Association members have, according to a new survey. The association of local manufacturers surveys members each year to better understand their concerns. A “shortage of skilled workers” topped the list for worries this year, according to a release Friday...
More Stories