Latest news with #OneEarth
Yahoo
28-05-2025
- Business
- Yahoo
REX American Resources Reports Fiscal First Quarter 2025 Net Income Per Share Attributable to REX Common Shareholders of $0.51
Company repurchased approximately 822,000 shares for total consideration of $32.7 million in Q1 2025; Company has repurchased approximately 6.8% of outstanding shares since December 2024 Generated $0.51 of net income per share in Fiscal Q1 '25 Reported gross profit of $14.3 million for Fiscal Q1 '25 Reported net sales and revenue of $158.3 million for Fiscal Q1 '25 Reported consolidated ethanol sales volumes of 70.9 million gallons for Fiscal Q1 '25 DAYTON, Ohio, May 28, 2025--(BUSINESS WIRE)--REX American Resources Corporation ("REX" or the "Company") (NYSE: REX), a leading ethanol production company, today announced financial and operational results for the Company's fiscal first quarter 2025. REX American Resources' fiscal first quarter 2025 results principally reflect its interests in six ethanol production facilities. The One Earth Energy, LLC ("One Earth") and NuGen Energy, LLC ("NuGen") ethanol production facilities are consolidated, while the four other ethanol plants are reported as equity in income of unconsolidated affiliates. First Quarter 2025 Results REX reported Q1 '25 net sales and revenue of $158.3 million, compared to Q1 '24 net sales and revenue of $161.2 million. The year-over-year net sales and revenue decrease primarily reflects lower volumes and lower sales prices for distiller grains, offset by improved ethanol pricing. First quarter 2025 gross profit for the Company was $14.3 million, compared with $14.5 million in Q1 '24. The Company reported interest and other income of $4.2 million in Q1 '25, compared to $5.9 million in Q1 '24. This led to Q1 '25 income before income taxes and non-controlling interests of $13.6 million, compared with $16.0 million in Q1 '24. Net income attributable to REX shareholders in Q1 '25 was $8.7 million, compared to $10.2 million in Q1 '24. First quarter '25 diluted net income per share attributable to REX common shareholders was $0.51, compared to $0.58 per share in Q1 '24. Per share results for Q1 '25 and Q1 '24 are based on 16,939,000 and 17,664,000 diluted weighted average shares outstanding, respectively. Update on One Earth Energy Ethanol Production Expansion and Carbon Capture Projects REX has continued progress on the expansion of ethanol production at the One Earth facility. The team is currently reviewing optimization of certain equipment with an eye toward efficiency and long-term value. Project completion is anticipated in 2026. As previously discussed, REX substantially completed construction of the capture and compression portions of its One Earth carbon capture and sequestration project at the Company's Gibson City, Illinois location during Fiscal Year 2024. Currently, the Environmental Protection Agency (EPA) Class VI injection well permitting process is ongoing, and final permitting decision for the sequestration portion of the project is expected to be completed in January 2026, according to the published EPA timeline. Capital expenditures at the end of the first quarter related to the One Earth Energy carbon capture and sequestration project and related expansion of ethanol production capacity at the Gibson City location totaled $122.7 million. The Company's combined budget for completion of the projects is $220-$230 million. Share Repurchases During fiscal first quarter 2025, the Company repurchased 822,256 shares, for total consideration of $32,727,232 million. This represented approximately 4.7% of outstanding shares and brings the cumulative percentage to 6.8% since December 2024. After these repurchases, a total of 1,181,963 shares remained available to purchase under existing board authorization. Total shares outstanding as of April 30, 2025 stood at 16,472,229. Balance Sheet As of April 30, 2025, REX had $315.9 million of cash, cash equivalents, and short-term investments available and no bank debt. Management Commentary "The first quarter continued to reflect what we at REX take pride in—strong financial performance, delivering value to our shareholders, and positioning ourselves for the future," said Zafar Rizvi, Chief Executive Officer of REX. "We achieved our 19th consecutive quarter of positive earnings in our core ethanol business, repurchased more than 822,000 shares, and continued evaluating how best to advance our growth initiatives to meet future challenges. We accomplished all of this—and plan to take similar steps moving forward—because we believe that staying true to our core values is the best strategy in an uncertain environment. This commitment not only supports current growth and profitability, but also lays the groundwork for long-term success. We remain dedicated to our mission of delivering results and meeting even greater challenges ahead." Conference Call Information REX will host a conference call at 11:00 a.m. ET today to discuss the Company's fiscal first quarter results and will also host a question and answer session. To access the conference call, interested parties may dial (877) 269-7751 (US) or (201) 389-0908 (international). Participants can also view an updated presentation, as well as listen to a live webcast of the call by going to the Investors section on the REX website at A replay will be available shortly after the live conference call and can be accessed by dialing (844) 512-2921 (US) or (412) 317-6671 (international). The passcode for the replay is 13753864. The replay will be available for 30 days after the call. About REX American Resources CorporationREX American Resources Corporation has interests in six ethanol production facilities, which in aggregate have production capacity totaling approximately 730 million gallons per year. REX's effective ownership of annual volumes is approximately 300 million gallons. Further information about REX is available at Forward-Looking Statements This press release contains or may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements can be identified by use of forward-looking terminology such as "may," "expect," "believe," "estimate," "anticipate" or "continue" or the negative thereof or other variations thereon or comparable terminology. Readers are cautioned that there are risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. These risks and uncertainties include the risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission and include among other things: the impact of legislative and regulatory changes, the price volatility and availability of corn, distillers grains, ethanol, distillers corn oil, gasoline and natural gas, commodity market risk, ethanol plants operating efficiently and according to forecasts and projections, logistical interruptions, success in permitting and developing the planned carbon sequestration facility near the One Earth Energy ethanol plant, changes in the international, national or regional economies, the impact of inflation, the ability to attract employees, weather, results of income tax audits, changes in income tax laws or regulations, the impact of U.S. foreign trade policy and tariffs, changes in foreign currency exchange rates, the effects of terrorism or acts of war and the effect of pandemics on the Company's business operations, including impacts on supplies, demand, personnel and other factors. The Company does not intend to update publicly any forward-looking statements except as required by law. REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (in thousands, except per share amounts) Unaudited Three Months Ended April 30, 2025 2024 Net sales and revenue $ 158,340 $ 161,231 Cost of sales 143,998 146,780 Gross profit 14,342 14,451 Selling, general and administrative expenses (5,944 ) (6,111 ) Equity in income of unconsolidated affiliates 1,006 1,718 Interest and other income, net 4,222 5,905 Income before income taxes and noncontrolling interests 13,626 15,963 Provision for income taxes (2,954 ) (3,690 ) Net Income 10,672 12,273 Net Income attributable to noncontrolling interests (1,994 ) (2,082 ) Net income attributable to REX common shareholders $ 8,678 $ 10,191 Weighted average shares outstanding – basic 16,939 17,546 Basic net income per share attributable to REX common shareholders $ 0.51 $ 0.58 Weighted average shares outstanding – diluted 16,939 17,664 Diluted net income per share attributable to REX common shareholders $ 0.51 $ 0.58 REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (in thousands) Unaudited April 30, January 31, 2025 2025 ASSETS: CURRENT ASSETS: Cash and cash equivalents $ 159,913 $ 196,255 Short-term investments 155,979 162,820 Accounts receivable 27,976 21,511 Inventory 30,509 31,676 Refundable income taxes 7,360 6,445 Prepaid expenses and other 17,030 17,112 Total current assets 398,767 435,819 Property and equipment, net 215,605 210,683 Operating lease right-of-use assets 22,600 20,985 Finance lease right-of-use assets 18,981 - Other assets 1,081 16,721 Equity method investment 36,806 35,800 TOTAL ASSETS $ 693,840 $ 720,008 LIABILITIES AND EQUITY: CURRENT LIABILITIES: Accounts payable – trade $ 21,031 $ 28,337 Current operating lease liabilities 6,683 5,746 Current finance lease liabilities 469 - Accrued expenses and other current liabilities 14,392 16,360 Total current liabilities 42,575 50,443 LONG-TERM LIABILITIES: Deferred taxes 5,269 3,562 Long-term operating lease liabilities 16,129 15,367 Long-term finance lease liabilities 2,912 - Long-term taxes payable 4,613 4,334 Other long-term liabilities 2,706 2,700 Total long-term liabilities 31,629 25,963 EQUITY: REX shareholders' equity: Common stock 299 299 Paid-in capital 6,532 6,470 Retained earnings 768,606 759,928 Treasury stock (239,055 ) (206,360 ) Total REX shareholders' equity 536,382 560,337 Noncontrolling interests 83,254 83,265 Total equity 619,636 643,602 TOTAL LIABILITIES AND EQUITY $ 693,840 $ 720,008 REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES Consolidated Statements of Cash Flows (in thousands) Unaudited Three Months Ended April 30, April 30, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net Income including noncontrolling interest $ 10,672 $ 12,273 Adjustments to reconcile net income to net cash used in operating activities: Depreciation 3,467 4,414 Amortization of operating lease right-of-use assets 1,552 1,478 Income from equity method investments (1,006 ) (1,718 ) Interest income from investments (1,740 ) (1,816 ) Deferred income taxes 1,707 2,479 Stock-based compensation expense 394 716 Changes in assets and liabilities: Accounts receivable (6,465 ) 1,650 Inventories 1,167 (116 ) Refundable income taxes (915 ) 1,142 Other assets 69 (3,797 ) Accounts payable – trade (8,852 ) (12,733 ) Long-term taxes payable 279 - Other liabilities (3,805 ) (6,235 ) Net cash used in operating activities (3,476 ) (2,263 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (6,900 ) (24,832 ) Purchase of short-term investments (41,419 ) (84,978 ) Maturity of short-term investments 50,000 121,490 Deposits (128 ) 215 Net cash provided by investing activities 1,809 11,895 CASH FLOWS FROM FINANCING ACTIVITIES: Treasury stock acquired (32,670 ) - Payments to noncontrolling interests holders (2,005 ) (1,829 ) Net cash used in financing activities (34,675 ) (1,829 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (36,342 ) 7,803 CASH AND CASH EQUIVALENTS – Beginning of period 196,255 223,397 CASH AND CASH EQUIVALENTS – End of period $ 159,913 $ 231,200 Non-cash investing activities – Accrued capital expenditures $ 2,717 $ 3,938 Non-cash investing activities – Capital additions transferred from prepaid expenses $ 76 $ - Non-cash financing activities – Stock awards accrued $ 301 $ 358 Non-cash financing activities – Stock repurchases accrued $ 577 $ - Non-cash financing activities – Excise tax on stock repurchases accrued $ 261 $ - Prepaid lease payment, prior to lease commencement $ - $ 15,600 Operating right-of-use assets acquired and liabilities incurred upon lease execution $ 3,007 $ - Finance right-of-use assets acquired and liabilities incurred upon lease execution $ 3,381 $ - View source version on Contacts Investor Contacts Douglas BruggemanChief Financial Officer Caldwell BaileyICR,
United News of India
20-05-2025
- Health
- United News of India
'One World for Health' reflects India's vision: PM
New Delhi, May 20 (UNI) Prime Minister Narendra Modi on Tuesday addressed the 78th session of the World Health Assembly in Geneva via video conferencing and said that this year's theme, 'One World for Health,' reflects India's vision for global health. The future of a healthy world depends on inclusion, an integrated vision, and collaboration,' the Prime Minister said, an official statement said. Recalling his address at the 2023 World Health Assembly, where he had spoken about 'One Earth, One Health', Modi said, 'The future of a healthy world depends on inclusion, an integrated vision, and collaboration'. Emphasizing that inclusion is at the core of India's health reforms, Modi highlighted Ayushman Bharat, the world's largest health insurance scheme, which covers 580 million people and provides free treatment. The programme was recently expanded to cover all Indians above the age of 70 years. He noted India's extensive network of thousands of health and wellness centres that facilitate early screening and detection of diseases such as cancer, diabetes, and hypertension. PM Modi also underlined the role of thousands of public pharmacies that provide high-quality medicines at significantly lower prices. Highlighting the role of technology in improving health outcomes, Modi underscored India's digital initiatives like the digital platform that tracks the vaccination of pregnant women and children and the unique digital health identity system, which is helping integrate benefits, insurance, records, and information. Adding that with telemedicine, no one is too far from a doctor. He highlighted India's free telemedicine service, which has enabled over 340 million consultations. Reflecting on the positive impact of India's health initiatives, he noted a significant decline in out-of-pocket expenditure as a percentage of total health expenditure. Simultaneously, he emphasised that Government health expenditure has increased considerably. 'The health of the world depends on how well we care for the most vulnerable', underlined the Prime Minister, highlighting that the global south is particularly impacted by health challenges. He added that India's approach provides replicable, scalable, and sustainable models. Modi expressed India's willingness to share its learning and best practices with the world, especially with the global south. Looking ahead to the 11th International Day of Yoga in June, the Prime Minister encouraged global participation and highlighted this year's theme, 'Yoga for One Earth, One Health,' and extended an invitation to all countries, emphasizing India's role as the birthplace of Yoga. He also extended his congratulations to the World Health Organization (WHO) and all member states on the successful negotiations of the INB treaty. He described it as a shared commitment to fighting future pandemics through greater global cooperation. He emphasised the importance of building a healthy planet while ensuring that no one is left behind. The Prime Minister invoked a timeless prayer from the Vedas and said how, thousands of years ago, India's sages prayed for a world where all would be healthy, happy, and free from disease. He expressed the hope that this vision would unite the world. UNI RBE PRS
NDTV
20-05-2025
- Health
- NDTV
India Offers Sustainable Approach To Global South's Health Challenges: PM Modi
New Delhi: Prime Minister Narendra Modi on Tuesday said the future of a healthy world depends on inclusion, integrated vision and collaboration, as he asserted that India's approach offers replicable, scalable and sustainable models to meet health challenges of the Global South. In his video message during the 78th Session of the World Health Assembly in Geneva, he highlighted this year's theme, 'One World for Health' and emphasised that it aligns with India's vision for global health. PM Modi recalled his address at the 2023 World Health Assembly, where he had spoken about 'One Earth, One Health' and pointed out that the future of a healthy world depends on inclusion, an integrated vision, and collaboration. Emphasising that inclusion is at the core of India's health reforms, he highlighted Ayushman Bharat, the world's largest health insurance scheme, which covers 580 million people and provides free treatment. The programme was recently expanded to cover all Indians above the age of 70 years. He noted India's extensive network of thousands of health and wellness centres that facilitate early screening and detection of diseases such as cancer, diabetes, and hypertension. Modi also underlined the role of thousands of public pharmacies that provide high-quality medicines at significantly lower prices. Highlighting the role of technology in improving health outcomes, Modi underscored India's digital initiatives like the digital platform that tracks the vaccination of pregnant women and children and the unique digital health identity system, which is helping integrate benefits, insurance, records, and information. He said that with telemedicine, no one is too far from a doctor. He highlighted India's free telemedicine service, which has enabled over 340 million consultations. Reflecting on the positive impact of India's health initiatives, he noted a significant decline in out-of-pocket expenditure as a percentage of total health expenditure. Simultaneously, he emphasized that government health expenditure has increased considerably. "The health of the world depends on how well we care for the most vulnerable," the Prime Minister asserted. Noting that the Global South is particularly impacted by health challenges, Modi stressed that India's approach provides replicable, scalable, and sustainable models. He expressed India's willingness to share its learnings and best practices with the world, especially with the Global South. Looking ahead to the 11th International Day of Yoga in June, the prime minister encouraged global participation and highlighted this year's theme, 'Yoga for One Earth, One Health'. He extended an invitation to all countries, emphasizing India's role as the birthplace of Yoga. Prime Minister Modi congratulated the World Health Organization (WHO) and all member states on the successful negotiations of the intergovernmental negotiating body (INB) treaty. He described it as a shared commitment to fighting future pandemics through greater global cooperation. The prime minister emphasised the importance of building a healthy planet while ensuring that no one is left behind. Concluding his address, Prime Minister Modi invoked a timeless prayer from the Vedas, he reflected on how, thousands of years ago, India's sages prayed for a world where all would be healthy, happy, and free from disease. He expressed hope that this vision would unite the world.
Free Malaysia Today
17-05-2025
- Health
- Free Malaysia Today
Researchers explore how to beat heat for better sleep
As neurons regulating temperature and sleep in the brain are highly interconnected, lowering the body's internal thermostat is key to improving sleep quality. (Envato Elements pic) PARIS : Sleep quality is being harmed by hotter temperatures caused by climate change, and scientists say we need to learn how to adapt. The human brain is very sensitive to heat, with higher temperatures raising the body's central thermostat and activating stress systems. Experts are increasingly exploring mechanisms that can help the body adapt to rising temperatures affecting our sleep and leading to health complications. 'Rising temperatures induced by climate change and urbanisation pose a planetary threat to human sleep and, therefore, to health, performance and wellbeing,' says a review of scientific literature published last year in the journal Sleep Medicine. Meanwhile, a 2022 study published in the journal One Earth highlighted that humans lost an average of 44 hours of sleep a year during the first two decades of the 21st century compared to earlier periods, linking the data to rising temperatures. The intensification of global warming could lead to an annual loss of 50-58 hours of sleep per person by 2099, according to research led by Kelton Minor from the University of Copenhagen, based on data gathered from more than 47,000 individuals in 68 countries. 'Interventional studies and field experiments are now urgently needed to safeguard the essential restorative role of sleep in a hotter world,' Minor and colleagues said. As neurons regulating temperature and sleep in the brain are highly interconnected, lowering the body's internal thermostat is key to improving sleep quality. But adapting to heat comes at a cost to the body, according to researcher Fabien Sauvet from Paris Cite University. 'We sweat more and faster, and require additional hydration. So, during heatwaves, the most important thing is to adapt our behaviour' with regard to activities, schedules and clothing, Sauvet said. Still, humans can 'tolerate higher temperatures than commonly thought', he added, pointing to several studies showing that good sleep quality can be achieved with a room temperature of up to 28°C. An excessive lack of sleep can disrupt the body's recovery, leading to drowsiness, fatigue, and a higher risk of accidents at the workplace or on the road. (Envato Elements pic) Challenging 'the false belief that the bedroom must be at 18-20°C', he added that sleeping in light clothing such as a t-shirt and shorts, and with a simple sheet as well as good ventilation, could help dealing with a few more degrees. 'If we always sleep with air conditioning, we will never acclimatise,' he noted. Fight 'sleep enemies' Armelle Rancillac, a neuroscientist at the Centre for Interdisciplinary Research in Biology, said anything beyond 28°C 'becomes much more complicated'. An excessive lack of sleep is known to disrupt the body's recovery. In the short term, this could lead to drowsiness, fatigue, and a higher risk of accidents at the workplace or on the road. In the long run, it can create a harmful sleep 'debt', impacting our metabolism and increasing the risk of weight gain, diabetes, cardiovascular diseases, and even neurodegenerative diseases like Alzheimer's, Rancillac outlined. A sleep deficit can also reduce stress resistance and have a negative impact on mental health. To sleep better in a hotter environment, Rancillac stressed that there is a need to 'eliminate or at least pay attention to sleep enemies'. Before bedtime, it is recommended to take a cool shower (but not an icy one), reduce stimulants like coffee, and limit alcohol, which facilitates falling asleep but slightly raises the internal body temperature. Avoid hot tubs after a workout, opting instead for outdoor temperatures or a cold bath, Sauvet said. Napping during the hottest hours of the day have also been proven to mitigate the impacts of a sleep deficit. Short naps – '30 to 40 minutes, and before 2pm' – are ideal, so as not to interfere with a good night's sleep, according to the researcher.
The Star
17-05-2025
- Health
- The Star
Scientists exploring how to beat heat for better sleep
Cool showers and less coffee or alcohol: sleep quality is being harmed by hotter temperatures caused by climate change, and scientists say we need to learn how to adapt. The human brain is very sensitive to heat, with higher temperatures raising the body's central thermostat and activating stress systems. Scientists are increasingly exploring mechanisms that can help the body adapt to rising temperatures affecting our sleep and leading to health complications. "Rising temperatures induced by climate change and urbanisation pose a planetary threat to human sleep, and therefore health, performance, and wellbeing," according to a 2024 review of scientific literature published in the journal Sleep Medicine. Humans lost an average of 44 hours of sleep a year during the first two decades of the 21st century compared to earlier periods, according to a 2022 study published in the journal One Earth, which linked the data to rising temperatures. The intensification of global warming could lead to an annual loss of 50 to 58 hours of sleep per person by 2099, according to research led by Kelton Minor, from the University of Copenhagen, based on data gathered from more than 47,000 individuals in 68 countries. "Interventional studies and field experiments are now urgently needed to foster adaptation and safeguard the essential restorative role of sleep in a hotter world," Minor and other authors of the paper said. Neurons regulating temperature and sleep in the brain are highly interconnected, and lowering the body's internal thermostat is key to improving sleep quality. Adapting to heat comes at a cost to the body, according to Fabien Sauvet, a researcher at Paris Cite University. "We sweat more and faster, for example, but it requires additional hydration. And it has limits, so during heatwaves, the most important thing is to adapt our behaviour," such as activities, schedules and clothing, Sauvet said. But humans could "tolerate higher temperatures than commonly thought", he added, pointing to several studies showing that good sleep quality can be achieved with a room temperature of up to 28 degrees Celsius (82.4 degrees Fahrenheit). Challenging "the false belief that the bedroom must be at 18-20C", he said that sleeping in light clothing such as a t-shirt and shorts, and with a simple sheet as well as good ventilation, could help dealing with a few more degrees. "If we always sleep with air conditioning, we will never acclimatise," he said. Fight 'sleep enemies' Armelle Rancillac, a neuroscientist at the Centre for Interdisciplinary Research in Biology, said anything beyond 28C "becomes much more complicated". An excessive lack of sleep is known to disrupt the body's recovery. In the short term, this can lead to drowsiness, fatigue and a higher risk of accidents at the workplace or on the road. In the long run, it can create a harmful sleep "debt", impacting our metabolism and increasing the risk of weight gain, diabetes, cardiovascular diseases and even neurodegenerative diseases like Alzheimer's, Rancillac said. A sleep deficit can also reduce stress resistance and have a negative impact on mental health. To sleep better in a hotter environment, Rancillac stressed that there is a need to "eliminate or at least pay attention to sleep enemies". Before bedtime, it is recommended to take a cool shower – but not an icy one – reduce stimulants like coffee, and limit alcohol, which facilitates falling asleep but slightly raises the internal body temperature. Avoid hot tubs after a workout, opting instead for outdoor temperatures or a cold bath, said Sauvet. Napping during the hottest hours of the day have also been proven to mitigate the impacts of a sleep deficit. Short naps – "30 to 40 minutes, and before 2:00 pm" – are ideal, so as not to interfere with a good night's sleep, according to the researcher. — AFP
