RENX

Comprising approximately $8.22 million in fiscal year 2025 consolidated revenue and approximately $3.96 million in first quarter 2026 consolidated revenue; high-processed wood mulch revenue more than doubled in the first quarter MIAMI, FL, May 21, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) ("RenX" or the "Company") today disclosed select first quarter 2026 operating detail for its Logistics segment (Zimmer Equipment, Inc.) and Biomass Recycling segment (Resource Group US Holdings LLC), complementing the consolidated financial results reported in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2026. Revenue Since June 2025 Acquisitions RenX has generated more than $11 million in consolidated revenue across the 15 months following the June 2025 acquisition of Resource Group US and Zimmer Equipment. As reported in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, fiscal year 2025 consolidated revenue was approximately $8.22 million, substantially all of which was generated following the June 2025 acquisition. As reported in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2026 and the Company's May 15, 2026 first quarter 2026 results release, first quarter 2026 consolidated revenue was approximately $3.96 million, reflecting sequential growth of approximately 20% versus the fourth quarter of 2025. Combining these two fully reported GAAP periods produces cumulative consolidated revenue exceeding $11 million across the first 15 months of the Company's post-acquisition operations. Logistics Segment The Logistics segment, consisting of Zimmer Equipment, Inc., achieved positive operating income and positive net income in the first quarter of 2026, compared to an operating loss and a net loss in the fourth quarter of 2025. Logistics segment revenue grew approximately 19% quarter-over-quarter in the first quarter, also as previously disclosed. The Company believes the segment's first quarter 2026 shift to positive net income reflects improved fleet utilization and route density on a substantially flat driver and equipment base. Biomass Recycling Segment Material Sales Mix In the Biomass Recycling segment, consisting of Resource Group US Holdings LLC, mulch revenue rose to approximately $400,000 in the first quarter of 2026 from approximately $205,000 in the fourth qua...

MIAMI, May 15, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (“RenX” or the “Company”) today announced financial results for the three months ended March 31, 2026. First quarter results from RenX's upgraded Myakka City platform are consistent with the operating model the Company described in its May 11, 2026 letter to stockholders. Key results include: consolidated revenue of $3.96 million, up approximately 20.5% quarter-over-quarter; the Logistics segment generated positive operating income and net income; approximately 44% quarter-over-quarter growth in the sale of materials (compost, engineered soils, and mulch) in the Biomass Recycling segment, and a new land-clearing service line in the Biomass Recycling segment contributed its first revenue in the quarter. With the upgraded platform operational, RenX enters the balance of 2026 positioned to scale throughput, expand its customer base, and advance the Microtec UTM 1200 Turbo Mill toward commissioning in the second half of the year. “Our first quarter results reflect the investments we have made in newer equipment and integrated operating capacity,” said David Villarreal, Chief Executive Officer of RenX Enterprises. “Zimmer Equipment's profitability demonstrates strong demand for our logistics services, and the materials production momentum at Resource Group US gives us confidence as we head into the spring and summer demand cycle and into Microtec commissioning.” First Quarter 2026 Highlights Consolidated revenue of $3.96 million, approximately 20.5% growth quarter-over-quarter from $3.28 million in Q4 2025. First full quarter of integrated operations on the upgraded Myakka City processing platform. Equipment brought in-house since late 2025, including the Komptech XL3 trommel, Diamond Z horizontal grinder, and Komptech Crambo shredder, was operating together for the first full quarter. Logistics segment generated positive operating income and net income with 18.7% revenue growth quarter-over-quarter. Sales of materials in the Biomass Recycling segment comprised of sales of compost, engineered soils and mulch, grew approximately 44% quarter-over-quarter. Customer base at the Logistics segment has continued to expand. As referenced in the May 11, 2026 letter to stockholders, the segment has entered into or renewed a number of contracts with leading counterparties, and while these arrangem...

Revenue expected to reflect sequential growth over the fourth quarter of 2025 MIAMI, FL, April 22, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. “RenX” (NASDAQ: RENX), a biomass recycling, logistics, and real estate company, today announced a business update and expected revenue for the quarter ended March 31, 2026. Preliminary Unaudited First Quarter 2026 Revenue On a consolidated basis, the Company expects to report revenue in excess of $3.5 million for the first quarter of 2026, reflecting sequential growth over the fourth quarter of 2025. The expected growth reflects anticipated stronger material sales at the Company’s Myakka City organics processing facility and an expected meaningful step-up in logistics revenue across the Company’s transportation operations. First quarter material sales at Myakka City, are expected to include processed mulch, compost, and engineered soil products, reflecting the sequential growth from the Company’s fourth quarter 2025. This growth is supported by strong customer demand for the Company’s high-processed mulch and engineered soil product lines. The Company continues to expand its commercial footprint at Myakka City as it scales the production of higher-value, specification-defined substrates. The Company’s Logistics segment, operated through its Zimmer Equipment Inc. (“ZEI”) operations, is also expected to report higher revenue for the first quarter of 2026 relative to the fourth quarter of 2025, supported by strong route utilization and continued hauling activity across its organic waste transportation network. ZEI continues to serve as the backbone of the Company’s integrated feedstock supply to Myakka City while generating third-party transportation revenue across its service footprint. The expected revenue disclosures contained in this press release are preliminary and unaudited. The Company’s independent registered public accounting firm has not conducted a review of the preliminary unaudited revenue disclosures set forth in this press release. Such estimates reflect management’s current expectations based on information available as of the date of this release and remain subject to the Company’s normal quarterly closing procedures, internal review, and review by the Company’s independent registered public accounting firm. Segment-level financial information, cost of revenue, operating expenses, and net loss for t...

By Brian Lantier, CFA NASDAQ: RENX READ THE FULL RENX RESEARCH REPORT RenX Enterprises (NASDAQ: RENX) released its full-year results before the market opened on April 1, 2026. As a result of the company's acquisition of Resource Group in June 2025, it is now focused squarely on producing engineered soils, processing organic waste (composting), and providing logistics services for recyclables, organic waste, and municipal solid waste. Comparisons with previous quarters are not relevant for RenX because the company had virtually no revenue-generating operations prior to the acquisition of Resource Group in 2025; however, we can compare fourth-quarter results with our previously published model. Fourth Quarter Results We believe the company's compost business performed well in the quarter, with revenue of $1.1 million, exceeding our forecast of $532k. Given the significant equipment upgrades at the Myakka facility, it has been challenging to get a sense of the facility's normalized quarterly output, but we are certainly encouraged by these results, and they bode well for 2026. Compost sales were also up 42% sequentially, but again, it's unclear how much of this increase was due to demand versus simply an increase in operating time due to equipment upgrades. The company's logistics business – Zimmer Equipment – also exceeded our forecast, recording $2.2 million in sales, up from our estimate of $1.9 million, likely due to increased driver availability. While the actual results exceeded our forecast, we note that sales in the division were down 20% sequentially, likely due to restrictions on certain seasonal work visas that reduced the total available driver pool. The gross margin on compost sales was an impressive 57%, while the gross margin on logistics revenue was roughly as expected at around 14%. Given that compost sales accounted for a significantly larger share of the total group's revenue in Q4 and the gross margin on those sales was nearly 4 times the logistics gross margin, RenX's total gross margin in Q4 was 28.4%, roughly 100 basis points above our projections. We would note that in the footnotes to the company's year-end financial statements, RenX indicated that pro forma revenues for 2025, assuming the acquisition had occurred on 1/1/2024, were $15.2 million, a decline of $3.2 million, or 17%, from 2024's pro forma results. These results are likely...