Core Insights - Amcon Distributing reported diluted EPS of $2.13 and revenue of $739.6 million for Q3 fiscal 2025, with no analyst estimates available for comparison [1][2] - Operating profit margins tightened due to inflation in operating costs, leading to weaker profitability despite steady sales compared to Q3 fiscal 2024 [1][6] Financial Performance - EPS decreased by 13.4% from $2.46 in Q3 2024 to $2.13 in Q3 2025 [2] - Revenue increased by 3.0% from $717.9 million in Q3 2024 to $739.6 million in Q3 2025 [2] - Operating income fell by 13.5% from $5.6 million in Q3 2024 to $4.9 million in Q3 2025 [2] - Net income decreased by 11.5% from $1.5 million in Q3 2024 to $1.3 million in Q3 2025 [2] - Gross profit rose by 3.4% from $48.0 million in Q3 2024 to $49.6 million in Q3 2025 [2] Business Overview - Amcon Distributing specializes in wholesale distribution for the convenience retail sector, serving approximately 7,900 retail outlets [3] - The company operates two segments: wholesale distribution, which is the primary revenue driver, and retail health food stores [3][4] Segment Performance - The wholesale segment generated $728.3 million in revenue, accounting for over 98% of total sales, with an operating income of $7.3 million [5] - The retail health food segment reported $11.3 million in sales and a minimal operating income of $0.1 million [5] Cost and Expenses - SG&A expenses increased by 6.5% to $42.5 million compared to Q3 fiscal 2024, outpacing revenue growth [6] - Interest expense was $2.7 million, slightly lower than $2.9 million in Q3 fiscal 2024 [6] - Operating margin was approximately 0.7% [6] Strategic Focus - The company is focusing on expanding foodservice programs, integrating new acquisitions, and investing in technology to enhance marketing and customer retention [4][7] - Management highlighted the importance of proprietary marketing programs, although these have not yet translated into improved margins [7] Cash Flow and Financial Position - Year-to-date cash flow from operations was -$12.5 million, driven by increased accounts receivable and inventory buildup [8] - Shareholders' equity increased to $113.2 million, while cash on hand was $0.83 million and total debt rose to $154.6 million [8] Future Outlook - The company did not provide specific financial guidance but intends to pursue further acquisitions and maximize liquidity [9][10] - Key risks include reliance on cigarette sales and thin operating margins, with a focus on cash management due to inventory and accounts receivable buildup [10]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to _________ Commission File Number 1-15589 (Exact name of registrant as specified in its charter) | Delaware | 47-0702918 | | --- | --- | | ...

Omaha, NE, July 18, 2025 - AMCON Distributing Company ("AMCON" or "the Company") (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $2.13 on net income available to common shareholders of $1.3 million for its third fiscal quarter ended June 30, 2025. Exhibit 99.1 AMCON DISTRIBUTING COMPANY REPORTS RESULTS FOR THE QUARTER ENDED JUNE 30, 2025 NEWS RELEASE "Our management team is integrating our recent acquisitions ...

Shares of AMCON Distributing Company (DIT) have declined 7.9% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 index’s 6.8% decline over the same time frame. Over the past month, the stock has decreased 5.7% compared with the S&P 500’s 8.3% decline, reflecting somewhat relative strength amid broader market weakness.For its fiscal second quarter ended March 31, AMCON incurred a loss per share of $2.58, compared to EPS of 89 cents in the year-ago quart ...

Acquisition and Expansion - The Company closed the acquisition of Arrowrock Supply in January 2025, expanding its reach into the Inter-Mountain region of the United States [60]. - The Wholesale Segment serves approximately 7,900 retail outlets and distributes over 20,000 different consumer products, ranking as the third largest convenience store distributor by geographic territory served [72]. Financial Performance - Consolidated sales for Q2 2025 were $619.5 million, a 2.9% increase from $601.9 million in Q2 2024 [76]. - Consolidated sales for Q2 2025 were $1,330.8 million, an increase of $83.9 million or 6.7% compared to Q2 2024 [87]. - Gross profit for Q2 2025 was $43.0 million, with a gross profit percentage of 6.9%, down from 7.0% in Q2 2024 [76]. - Gross profit for Q2 2025 was $89.9 million, reflecting a $4.3 million increase or 5.0% from Q2 2024 [87]. - Operating income for Q2 2025 was $461,905, a significant decrease of 86.2% compared to $3.3 million in Q2 2024 [76]. - Net income available to common shareholders for Q2 2025 was a loss of $1.2 million, a decrease of $2.9 million or 177.1% from Q2 2024 [87]. - Wholesale segment sales increased by $83.4 million to $1,308.3 million in the six months ended March 2025, a 6.8% increase year-over-year [90]. - Gross profit in the Wholesale Segment for the six months ended March 2025 rose by $4.2 million, totaling $81.7 million [91]. Operating Costs and Expenses - The Wholesale Segment sales increased by $16.9 million in Q2 2025, driven by a $5.6 million contribution from the Arrowrock acquisition and a $25.3 million increase from price hikes by cigarette manufacturers [79]. - The Retail Segment sales rose by approximately $0.7 million in Q2 2025, attributed to a new store opening and higher sales volumes [79]. - Operating expenses increased by $3.6 million to $85.8 million in Q2 2025, a rise of 9.4% compared to Q2 2024 [84]. - Operating expenses for the six months ended March 2025 increased by $7.3 million to $85.8 million, driven by acquisitions and operational costs [94]. Economic and Regulatory Environment - The Company is facing inflationary pressures leading to higher operating costs, impacting product costs, labor, and employee benefits [61]. - The Company is closely monitoring proposed tariffs and regulatory actions that could negatively impact revenues and gross margins [62]. - A precipitous change in the operating environment could materially impact the Company's future revenue streams [110]. - The Company may face challenges in collecting on customer accounts receivable or securing bank credit [110]. - There are no applicable quantitative and qualitative disclosures about market risk [111]. Liquidity and Debt - Interest expense for Q2 2025 increased by less than $0.1 million, primarily due to higher debt balances from acquisitions [85]. - The company had a total combined borrowing capacity of $305.0 million as of March 2025, with $142.3 million outstanding [100]. - The average interest rate on the company's facilities was 5.76% at March 2025 [104]. - The Company believes its liquidity position will be adequate to sustain operations in both the short- and long-term [110].

Financial Performance - AMCON reported a fully diluted loss per share of $2.58, with a net loss available to common shareholders of $1.6 million for the second fiscal quarter ended March 31, 2025[2]. - For the three months ended March 31, 2025, the net loss available to common shareholders was $1,589,960, compared to a net income of $539,543 for the same period in 2024[14]. - The company reported a net cash flow from operating activities of $(5,449,633) for the three months ended March 31, 2025, significantly down from $53,757,153 in the prior year[17]. - Total sales for the three months ended March 2025 were $619.5 million, compared to $601.9 million for the same period in 2024, reflecting an increase of approximately 2.1%[12]. - The cost of sales for the quarter was $576.5 million, leading to a gross profit of $43.0 million, which is an increase from $42.3 million in the prior year[12]. - Shareholders' equity as of March 31, 2025, was reported at $111.4 million, a slight decrease from $111.7 million in September 2024[4]. Operational Highlights - The wholesale distribution segment generated revenues of $607.6 million and operating income of $2.8 million, while the retail health food segment reported revenues of $11.9 million and operating income of $0.4 million for the same quarter[3]. - The company has become the third largest Convenience Distributor in the U.S. by territory covered, enhancing its operational capabilities[3]. - AMCON's foodservice programs are positioned to provide retail partners with competitive advantages against the Quick Service Restaurant industry[3]. - AMCON is investing in a new 250,000 square foot distribution facility in Colorado City, Colorado, to support growth initiatives in the Intermountain Region[4]. Strategic Initiatives - The company continues to seek strategic acquisition opportunities to enhance its customer-focused approach and integrate recent acquisitions[3]. - The company acquired Arrowrock Supply for $6,131,527 during the three months ended March 31, 2025[17]. - AMCON's customer-centric approach is designed to ensure consistent and timely delivery of goods and services, particularly during challenging weather conditions[3]. Financial Changes - Depreciation expenses increased to $4,824,777 in March 2025 from $4,239,707 in March 2024[17]. - Total cash at the end of the period was $685,854, down from $951,521 at the end of March 2024[17]. - The company paid dividends on common stock amounting to $413,096 in March 2025, compared to $403,432 in March 2024[17]. - Equity-based compensation increased to $1,275,724 in March 2025 from $1,210,685 in March 2024[17]. - The balance of retained earnings as of March 31, 2025, was $106,897,928, compared to $106,053,510 as of March 31, 2024[14]. - The company reported a significant change in inventories, with a decrease of $13,324,448 in March 2025 compared to an increase of $37,236,124 in March 2024[17]. - Borrowings under revolving credit facilities increased to $1,262,647,310 in March 2025 from $1,128,853,805 in March 2024[17].

Core Insights - AMCON Distributing Company's shares have declined 4.6% since the earnings report for the quarter ended December 31, 2024, contrasting with a 0.9% growth in the S&P 500 index during the same period [1] - The company reported earnings per share (EPS) of 57 cents, down from $1.78 a year earlier, while net sales increased by 10.3% to $711.3 million [2] - Net income available to common shareholders fell by 67.5% to $0.4 million, primarily due to higher interest expenses and increased operating costs [3] Financial Performance - Revenue growth was driven by increased sales volume across product categories, including beverages, tobacco, and foodservice offerings, with excise taxes included in sales rising to $143.4 million from $138.1 million year-over-year [4] - Gross profit improved by 8.3% to $46.9 million, but gross margin slightly contracted to 6.6% from 6.7% in the prior-year period [5] - Operating expenses surged by 9.5% year-over-year to $43.2 million, while interest expenses rose by 23.1% to $2.9 million [5] Balance Sheet Analysis - As of December 31, 2024, shareholders' equity increased to $112.4 million from $111.7 million at the end of September 2024, while cash decreased to $0.5 million from $0.7 million [6] - Inventory levels rose significantly to $174.5 million from $144.3 million, indicating higher working capital requirements [6] Strategic Initiatives - Management emphasized a commitment to supporting retail partners with advanced logistics and innovative foodservice solutions, particularly during challenging weather conditions [7] - The strategic importance of Henry's Foods, a subsidiary specializing in proprietary foodservice programs, was highlighted, with enhancements in advertising and electronic display offerings [8] Acquisition and Growth Plans - AMCON completed the acquisition of Arrowrock Supply, a distributor based in Boise, Idaho, which is expected to strengthen its footprint in the Intermountain Region [9] - The company is investing in a new 250,000-square-foot distribution facility in Colorado City, CO, to support growth initiatives [9] Liquidity and Credit Management - AMCON continues to prioritize liquidity and balance sheet management, with borrowing under revolving credit facilities increasing to $165.9 million from $121.3 million at the end of September 2024 [10]

Financial Performance - The Company reported consolidated sales of $711.3 million for Q1 2025, an increase of 10.3% compared to $645.0 million in Q1 2024[77] - Gross profit for the Company was $46.9 million, reflecting an 8.3% increase from $43.3 million in the previous year[77] - Operating income decreased by 4.0% to $3.7 million, down from $3.8 million in Q1 2024[77] - Net income available to common shareholders fell significantly by 67.5% to $348,419 compared to $1.1 million in the prior year[77] Segment Performance - The Wholesale Segment's sales increased by $66.5 million, driven by $56.7 million from acquisitions and $29.2 million from price increases in cigarette products[80] - The Retail Segment experienced a slight decrease in sales of $0.2 million, attributed to the closure of three stores, partially offset by new store openings[80] - Gross profit in the Wholesale Segment increased by $3.8 million in Q1 2025 compared to Q1 2024, driven by acquisitions and product mix[84] - Gross profit in the Retail Segment decreased by $0.2 million in Q1 2025, primarily due to the closure of three stores[84] Operating Costs and Expenses - The Company continues to face inflationary pressures impacting operating costs, particularly in labor and product costs[62] - Operating expenses increased by $3.7 million in Q1 2025 compared to Q1 2024, with significant increases related to acquisitions and health insurance costs[85] - Interest expense rose by $0.5 million in Q1 2025, primarily due to higher outstanding debt from acquisitions and increased capital expenditures[86] Liquidity and Borrowing - The total combined borrowing capacity of the Facilities was $305.0 million as of December 2024, with $165.9 million outstanding[91] - The average interest rate of the Facilities was 5.96% at December 2024, with peak borrowings reaching $197.1 million[93] - The liquidity position is influenced by working capital levels and access to bank credit, with no current hedging against interest rate or fuel cost risks[99] - The Company believes its liquidity position will be adequate for operations, but significant changes in the operating environment could impact future revenue streams[100] Strategic Initiatives - Integration efforts for the acquisitions of Burklund Distributors and Richmond Master are ongoing, aimed at geographic expansion and enhancing product offerings[64] - The Company operates 14 distribution centers across 34 states, serving approximately 7,900 retail outlets[73] Regulatory Risks - Regulatory risks related to potential limitations on tobacco product sales by the FDA could negatively impact revenues and consumer demand[63] Dividends and Financial Management - The Company declared a special dividend of $0.28 per share totaling approximately $0.2 million during Q1 2025, to be paid in Q2 2025[95] - The Company issued letters of credit totaling $2.0 million as part of its self-insured loss control program[97]

Financial Performance - Fully diluted earnings per share of $0.57 on net income available to common shareholders of $0.3 million for the first fiscal quarter ended December 31, 2024[2] - Sales for the three months ended December 2024 were $711.3 million, compared to $645.0 million in the same period in 2023[10] - Gross profit for the three months ended December 2024 was $46.9 million, compared to $43.3 million in the same period in 2023[10] - Net income available to common shareholders for the three months ended December 2024 was $348,419, compared to $1,070,961 in the same period in 2023[10] - Net income available to common shareholders decreased to $348,419 in December 2024 from $1,070,961 in December 2023, a significant decline[14] Balance Sheet and Assets - Shareholders' equity at December 31, 2024 was $112.4 million[3] - Total assets at December 31, 2024 were $404.7 million, compared to $374.1 million at September 30, 2024[8] - Total current assets at December 31, 2024 were $258.1 million, compared to $229.1 million at September 30, 2024[8] - Inventories, net at December 31, 2024 were $174.5 million, compared to $144.3 million at September 30, 2024[8] Cash Flow and Financing - Net cash flows from operating activities were negative at $(39,867,877) in December 2024 compared to $4,996,124 in December 2023[14] - Net cash flows from financing activities improved to $43,172,220 in December 2024 from $(968,020) in December 2023[14] - Borrowings under revolving credit facilities rose to $713,853,301 in December 2024 from $603,650,771 in December 2023[14] - Cash paid for interest increased to $2,815,683 in December 2024 from $2,235,562 in December 2023[14] - Dividends declared but not paid increased to $180,729 in December 2024 from $176,501 in December 2023[14] - Cash at the end of the period decreased to $535,862 in December 2024 from $996,695 in December 2023[14] Depreciation and Equipment - Depreciation increased to $2,501,175 in December 2024 from $2,084,743 in December 2023[14] - Equipment acquisitions classified in accounts payable rose to $772,820 in December 2024 from $347,891 in December 2023[14] Inventory and Working Capital - Inventory changes showed a significant outflow of $(30,293,089) in December 2024 compared to an inflow of $384,466 in December 2023[14] Strategic Investments and Acquisitions - The company completed the acquisition of Arrowrock Supply of Boise, Idaho[3] - The company is investing capital to develop a 250,000 square foot distribution facility in Colorado City, Colorado[3]

Core Insights - AMCON Distributing Company reported a significant decline in earnings per share (EPS) to $7.15 for fiscal year 2024, down from $19.46 in the previous year, despite total revenues increasing to $2.7 billion from $2.5 billion [1][2] Financial Performance - The company's net income available to common shareholders decreased to $4.3 million from $11.6 million in the previous fiscal year [8] - Operating income fell to $18 million, a 30.8% decline from $26 million in fiscal 2023, primarily due to rising selling, general, and administrative (SG&A) expenses [6] - Interest expenses increased to $10.4 million from $8.6 million, reflecting higher debt levels used for financing expansions and acquisitions [7] Revenue Segments - The wholesale distribution segment generated revenues of $2.7 billion with an operating income of $31.3 million, indicating effective scale expansion and operational efficiency [3] - The retail health food segment reported revenues of $42.5 million but only a marginal operating income of $0.1 million, highlighting profitability challenges [4] Profitability Metrics - AMCON's gross profit improved to $182.4 million, up from $170.8 million, marking a 6.7% increase, which reflects better management of the cost of sales [5] - The gross profit margin showed slight enhancement, indicating improved alignment between sales and cost of goods sold [5] Balance Sheet Overview - Total assets increased to $374.1 million from $363.4 million, while cash decreased to $0.7 million from $0.8 million [8] - Long-term debt rose to $16.6 million from $11.7 million, and current maturities of long-term debt increased from $2 million to $5.2 million [9] - Shareholders' equity increased to $111.7 million from $104.2 million [9] Cash Flow and Operational Activities - Net cash provided by operating activities significantly improved to $67.9 million from $19.7 million in fiscal 2023 [10] Strategic Developments - AMCON is expanding its operations with new facilities and acquisitions, including a new facility in Springfield, MO, and investments in the Colorado City distribution center [11] - The company is focusing on enhancing foodservice capabilities through its subsidiary, Henry's Foods, integrating advanced advertising and merchandising solutions to compete in the Quick Service Restaurant industry [12]