AMCON Distributing Company
116.49+0.12 (+0.1%)
Oct 29, 4:00:00 PM EDT · NYSE American · DIT · USD
Key Stats
Market Cap
75.19MP/E (TTM)
53.93Basic EPS (TTM)
2.16Dividend Yield
0.01%Recent Filings
10-Q
Q3 FY2025 results
AMCON Distributing posted solid Q3 FY2025 sales of $739.6M, up 3.0% y/y from $717.9M, driven by acquisitions and price hikes in cigarettes and other products, though cigarette volumes dipped. Gross profit climbed 3.5% y/y to $49.6M at a steady 6.7% margin, but operating income fell 13.5% y/y to $4.9M amid higher SG&A from insurance and integration costs. For the nine months, revenue surged 5.4% y/y to $2.1B, yet operating income dropped 29.7% y/y to $9.0M, with net income near breakeven at $77K versus $3.1M last year, mainly due to elevated interest and fair-value changes exceeding 20% of operating income. Acquisitions bolstered the wholesale segment, including Arrowrock closed January 2025 for $6.1M cash with no goodwill recognized; cash stood at $0.8M, free cash flow negative from $12.5M operating outflow minus $8.2M capex, while $154.6M debt leaves $86.4M revolver availability under facilities maturing 2027-2028. Non-GAAP metrics not disclosed in the 10-Q. Declining cigarette demand poses a key risk.
8-K
AMCON Q3 earnings dip
AMCON Distributing reported Q3 fiscal 2025 net income of $1.3 million, down from $1.5 million last year, with diluted EPS at $2.13 amid a tough convenience sector hit by lagging consumer spending and inflation-driven costs. Wholesale revenues climbed to $728.3 million, operating income steady at $7.3 million, while integrating recent acquisitions bolsters its position as the third-largest U.S. convenience distributor by territory. Shareholders' equity rose to $113.2 million. Acquisitions fuel growth, yet inflationary pressures persist.
8-K
Q2 Loss on Rising Sales
AMCON Distributing reported a $1.6 million net loss for its fiscal Q2 ended March 31, 2025, with diluted EPS of -$2.58, down sharply from last year's $0.89 profit amid lagging consumer spending and persistent inflation hiking costs. Sales climbed to $619.5 million, fueled by wholesale growth to $607.6 million, while the company integrates recent acquisitions to bolster its position as the third-largest U.S. convenience distributor. Acquisitions drive scale. Forward-looking integration risks loom amid economic pressures.
10-Q
Q2 FY2025 results
AMCON Distributing posted Q2 FY2025 sales of $619.5M, up 2.9% y/y from $601.9M, driven by the Arrowrock acquisition and cigarette price hikes, yet gross margin slipped to 6.9% from 7.0% on softer volumes. Operating income flipped to a slim $0.5M gain from $3.3M y/y, squeezed by $3.6M higher expenses from recent buys and inflation. For the half-year, revenue climbed 6.7% to $1.33B while operating income halved to $4.1M; diluted EPS swung to -$2.02 from $2.66, reconciling to 613K shares with no anti-dilution. Acquisitions keep expanding reach. Cash sat at $0.7M with $78.4M revolver availability against $142.3M drawn at 5.76%; free cash flow not disclosed in the 10-Q. Regulatory threats loom over tobacco sales.
8-K
Q1 earnings dip, acquisition closed
AMCON Distributing reported Q1 fiscal 2025 net income of $0.3 million, or $0.57 diluted EPS, down from $1.1 million last year, amid sales climbing to $711.3 million from $645.0 million. Inventories swelled $30.3 million, fueling a $39.9 million operating cash outflow, while credit facilities rose to $165.9 million. The company closed its Arrowrock Supply acquisition and is investing in a new Colorado facility to bolster regional growth. Forward-looking statements highlight acquisition pursuits but warn of cash resource risks.
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