REX American Resources Corporation (REX) CEO Zafar Rizvi on Q4 2019 Results - Earnings Call Transcript

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Start Time: 11:00 January 1, 0000 11:20 AM ET

REX American Resources Corporation (NYSE:REX)
Q4 2019 Earnings Conference Call
March 26, 2020, 11:00 AM ET

Company Participants

Zafar Rizvi - CEO
Stuart Rose - Executive Chairman
Doug Bruggeman - CFO

Conference Call Participants

Pavel Molchanov - Raymond James

Operator

Welcome to the REX American Resources Fiscal 2019 Fourth Quarter Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions].

I would now like to turn the conference over to Doug Bruggeman, Chief Financial Officer. Please go ahead.

Doug Bruggeman

Thank you. Good morning and thank you for joining REX American Resources fiscal 2019 fourth quarter conference call. We’ll get to our presentation and comments momentarily as well as a question-and-answer session, but first I will review the Safe Harbor disclosure.

In addition to historical facts or statements of current conditions, today's conference call contains forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the company's current expectations and beliefs, but are not guarantees of future performance. As such, actual results may vary materially from expectations.

The risks and uncertainties associated with the forward-looking statements are described in today's news announcement and in the company's filings with the Securities and Exchange Commission, including the company's reports on Form 10-K and 10-Q. REX American Resources assumes no obligation to publicly update or revise any forward-looking statements.

I have joining me on the call today Stuart Rose, Executive Chairman of the Board; and Zafar Rizvi, Chief Executive Officer. I’ll first review our financial performance and then turn the call over to Stuart for his comments.

Sales for the quarter increased approximately 6.7%, primarily reflecting higher year-over-year ethanol pricing. Sales

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