Rex shed its chain of electronics and appliance stores last year and focuses on its alternative-energy investments and its commercial real estate holdings.
For the quarter ended Jan. 31, Rex reported net income from continuing operations of $7.3 million, or 75 cents per share, versus a loss of $5.4 million, or 57 cents per share, for the year-ago period.
Quarterly sales and revenue reached $77.2 million, nearly all of it generated by the alternative-energy segment.
For the year, Rex generated net income of $8.6 million, or 91 cents per diluted share, compared with a net loss of $3.3 million, or 32 cents per diluted share, according to a news release.
Shareholders would have to approve the name change at Rex’s annual meeting on June 9, the company said in a news release.
Shares of Rex (NYSE: RSC) were trading this morning at $17.50, up 56 cents from the previous close. The stock has a 52-week range of $9.36 and $18.40.
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