DAYTON, Ohio--(BUSINESS WIRE)--Executives, Board Members and guests from REX American Resources Corporation (NYSE: REX) will ring The Closing Bell® at the New York Stock Exchange (“NYSE”) on Thursday, April 7, 2016 to celebrate the company’s 30th anniversary of listing on the Big Board.
During its time as a public company REX has created significant value for its shareholders. REX went public on July 18, 1984 at approximately $2.18 per share (adjusted for stock splits) and the Company’s stock has outperformed the S&P 500, Dow Jones Industrial Average and Russell 2000 indices since the initial public offering, as well as on a three, five and ten year basis.
“REX is honored to ring the NYSE Closing Bell® in celebration of our thirty years as a New York Stock Exchange listed company and thirty two years as a public company that has delivered above market returns,” said Stuart Rose, executive chairman of REX. “This day is not just a celebration of the progress we have made over the past 32 years as a publicly-traded company, but also a tribute to our employees, directors, customers and shareholders who continue to support and drive our success.”
Today REX has ownership interests in six ethanol production facilities, representing an ownership interest of approximately 237 million gallons of annual operating ethanol production. In the twelve month period ended January 31, 2016, REX had net sales and revenue of approximately $437 million and net income attributable to REX shareholders of $31.4 million, or diluted net income per share attributable to REX common shareholders of $4.30.
The NYSE Closing Bell will ring at 4:00 p.m. EDT, and a live feed of the event can be found at www.livestream.com/NYSE. Photos and video of the NYSE bell ringing will also be available, courtesy of the NYSE, on Facebook (NYSE), Twitter (@NYSE) and Instagram (@NYSE).
Mr. Rose will be joined on the bell podium by REX CEO, Zafar Rizvi, CFO, Doug Bruggeman and members of the Company’s Board of Directors.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 638 million gallons of ethanol over the twelve month period ended January 31, 2016. REX’s effective ownership of the trailing twelve month gallons shipped (for the twelve months ended January 31, 2016) by the ethanol production facilities in which it has ownership interests was approximately 237 million gallons. Further information about REX is available at www.rexamerican.com.
