rex american resources holds annual meeting, elects directors

rex american resources corp (nyse:rex), a $702 million market cap company with strong financial health according to InvestingPro analysis, conducted its annual shareholder meeting on wednesday. the meeting, held in dayton, ohio, saw the election of nine directors to the board for a one-year term. the shareholders present or represented by proxy totaled 14,665,212 shares of common stock.

the directors elected include stuart a. rose, zafar a. rizvi, edward m. kress, david s. harris, charles a. elcan, mervyn l. alphonso, lee i. fisher, anne c. macmillan, and cheryl l. bustos. each nominee received a majority of votes cast, with voting results varying among the candidates. for instance, anne c. macmillan received 13,791,058 votes in favor, while edward m. kress received 12,034,050 votes. the company’s management has been actively buying back shares while maintaining exceptional liquidity with a current ratio of 9.37.

shareholders also participated in an advisory vote on executive compensation, with 11,786,820 votes in favor and 2,197,529 against. additionally, the appointment of the independent registered public accounting firm was ratified with 14,552,590 votes in favor.

this information is based on a sec filing submitted by the company. rex american resources, incorporated in delaware, is classified under the industrial organic chemicals sector.

In other recent news, REX American Resources (NASDAQ:AREC) Corporation reported its financial results for the first quarter of 2025, exceeding earnings per share (EPS) expectations. The company posted an EPS of $0.51, which significantly surpassed the forecasted $0.26. However, REX’s revenue fell short of expectations, reporting $158.3 million compared to the anticipated $161.27 million. Despite the earnings beat, the revenue miss has been a point of concern for investors. Additionally, REX is expanding its ethanol production capacity in Gibson City by 33%, aiming to enhance its future growth prospects.

The company maintained its profitability for the 19th consecutive quarter, demonstrating resilience in a competitive market. REX’s ongoing projects include significant investments in carbon capture and ethanol expansion, with a total investment reaching approximately $122.7 million. The company remains optimistic about its strategic initiatives, although it is closely monitoring potential policy changes that could impact its operations. REX’s commitment to share repurchases continues, reflecting confidence in its long-term growth.

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