Filing Flows › REX American Resources (REX) › Q2 FY27
REX American Resources (REX) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 3, 2026
REX American Resources (REX) reported revenue of $168M for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +8% from the quarter before. Operating margin was 28.6%, net earnings $34.9M (20.7% of revenue).
REX American Resources, Q2 FY27: revenue $168M (+6% year over year), operating margin 28.6%, net earnings $34.9M, operating cash flow $40.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | +8% | +6% |
| Gross profit | $53.3M | +83% | +272% |
| Operating profit | $48.1M | +84% | +298% |
| Net earnings | $34.9M | +89% | +391% |
| Operating cash flow | $40.1M | — | +146% |
| Free cash flow | $16.8M | — | — |
What changed
Revenue was $168.5M in Q2 FY27, up 6% year over year and up 8% from the previous quarter. Ethanol was the largest line at 75% of revenue. Distillers Corn Oil added $5.1M year over year (up 41%), 51% of the total change. Derivative Financial Instrument Gains Losses declined 69%.
Gross margin was 31.6%, up 22.6 points from Q2 FY26. Operating profit was $48.1M, a 28.6% margin (up 20.9 points year over year). Of the extra revenue versus Q2 FY26, 363% reached operating profit, above the 8% margin then. Operating expenses grew 133% against revenue growth of 6%. Net earnings were $34.9M, up 391% year over year. The effective tax rate was 15.5%.
Operating cash flow was $40.1M (up 146% year over year), 99% of net income including minority interests. Non-cash charges added back $4.4M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $8.6M. Capital expenditures of $23.3M left free cash flow of $16.8M.
Questions
What was REX American Resources' revenue in the second quarter fiscal 2027?
REX American Resources (REX) reported revenue of $168M for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +8% from the quarter before.
Was REX American Resources profitable in the second quarter fiscal 2027?
Operating profit was $48.1M (28.6% of revenue) and net earnings $34.9M.