In the Q2, Rex American Resources Corporation's corporate clients experienced a fall by -42.24 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -40.24 %. During the corresponding time, Rex American Resources Corporation recorded a revenue increase by 6.26 % year on year, sequentially revenue grew by 7.66 %. While revenue at the Rex American Resources Corporation's corporate clients recorded rose by 16.73 % year on year, sequentially revenue grew by 19.34 %.
Customers of Rex American Resources Corporation saw their costs of revenue fall by -42.24 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -40.24 %, for the same period Rex American Resources Corporation recorded revenue increase by 6.26 % year on year, sequentially revenue grew by 7.66 %.
Rex American Resources's Comment on Sales, Marketing and Customers
The company sells modified distillers grains, wet distillers grains, and distillers corn oil. Distillers corn oil is marketed to the animal feed, biodiesel, and chemical industries. The ethanol produced is primarily used as a blend component in gasoline to comply with the Renewable Fuel Standard (RFS), increase octane ratings, and act as an oxygenate to reduce emissions. Ethanol blends, such as E-10 and E-15, are regulated by the Environmental Protection Agency (EPA), with approvals and waivers determining sales periods and geographic availability. Eight Midwest states—Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin—have petitioned for year-round E-15 sales. Ethanol is used in vehicles including cars, SUVs, and light-duty trucks manufactured in 2001 and later. The ethanol industry is subject to federal and state legislation.
Rex American Resources’s Comment on Sales, Marketing and Customers
The company sells modified distillers grains, wet distillers grains, and distillers corn oil. Distillers corn oil is marketed to the animal feed, biodiesel, and chemical industries. The ethanol produced is primarily used as a blend component in gasoline to comply with the Renewable Fuel Standard (RFS), increase octane ratings, and act as an oxygenate to reduce emissions. Ethanol blends, such as E-10 and E-15, are regulated by the Environmental Protection Agency (EPA), with approvals and waivers determining sales periods and geographic availability. Eight Midwest states—Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin—have petitioned for year-round E-15 sales. Ethanol is used in vehicles including cars, SUVs, and light-duty trucks manufactured in 2001 and later. The ethanol industry is subject to federal and state legislation.
Sources:
Rex American Resources Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Rex American Resources Corporation’s corporate clients.
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