Highwater Ethanol, Llc Reports Earnings Results for the Third Quarter Ended July 31, 2021
September 10, 2021 at 03:33 pm
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Highwater Ethanol, LLC announced earnings results for the third quarter ended July 31, 2021. For the third quarter, the company announced sales was USD 46.988 million compared to USD 24.238 million a year ago. Operating income was USD 6.097 million compared to USD 497,484 a year ago. Net income was USD 6.074 million compared to USD 366,274 a year ago. Basic earnings per share from continuing operations was USD 1,269.28 compared to USD 76.29 a year ago. For the nine months, sales was USD 110.288 million compared to USD 71.680 million a year ago. Operating income was USD 9.278 million compared to operating loss of USD 5.881 million a year ago. Net income was USD 10.583 million compared to net loss of USD 6.201 million a year ago. Basic earnings per share from continuing operations was USD 2,209.86 compared to basic loss per share from continuing operations of USD 1,290.74 a year ago.
Highwater Ethanol, LLC is engaged in the production of ethanol and distillersâ grains at the plant. The Company operates through the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process segment. The Company's products include Ethanol, Distillers Grains and Corn Oil. Its primary product is ethanol. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. The ethanol it produces is manufactured from corn. The principal co-product of the ethanol production process is distillersâ grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy, poultry, swine and beef industries. The corn oil that the Company produces is not food grade corn oil and therefore cannot be used for human consumption. Its corn oil can be used as the feedstock to produce biodiesel, as a feed ingredient and has other industrial uses.
HIGHWATER ETHANOL, LLC 