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AMCON Distributing pany(DIT) - 2025 Q1 - Quarterly Results
DITAMCON Distributing pany(DIT)2025-01-21 12:10

Financial Performance - Fully diluted earnings per share of 0.57onnetincomeavailabletocommonshareholdersof0.57 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 711.3million,comparedto711.3 million, compared to 645.0 million in the same period in 2023[10] - Gross profit for the three months ended December 2024 was 46.9million,comparedto46.9 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,comparedto348,419, compared to 1,070,961 in the same period in 2023[10] - Net income available to common shareholders decreased to 348,419inDecember2024from348,419 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 112.4million[3]−TotalassetsatDecember31,2024were112.4 million[3] - Total assets at December 31, 2024 were 404.7 million, compared to 374.1millionatSeptember30,2024[8]−TotalcurrentassetsatDecember31,2024were374.1 million at September 30, 2024[8] - Total current assets at December 31, 2024 were 258.1 million, compared to 229.1millionatSeptember30,2024[8]−Inventories,netatDecember31,2024were229.1 million at September 30, 2024[8] - Inventories, net at December 31, 2024 were 174.5 million, compared to 144.3millionatSeptember30,2024[8]CashFlowandFinancing−Netcashflowsfromoperatingactivitieswerenegativeat144.3 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 4,996,124inDecember2023[14]−Netcashflowsfromfinancingactivitiesimprovedto4,996,124 in December 2023[14] - Net cash flows from financing activities improved to 43,172,220 in December 2024 from (968,020)inDecember2023[14]−Borrowingsunderrevolvingcreditfacilitiesroseto(968,020) in December 2023[14] - Borrowings under revolving credit facilities rose to 713,853,301 in December 2024 from 603,650,771inDecember2023[14]−Cashpaidforinterestincreasedto603,650,771 in December 2023[14] - Cash paid for interest increased to 2,815,683 in December 2024 from 2,235,562inDecember2023[14]−Dividendsdeclaredbutnotpaidincreasedto2,235,562 in December 2023[14] - Dividends declared but not paid increased to 180,729 in December 2024 from 176,501inDecember2023[14]−Cashattheendoftheperioddecreasedto176,501 in December 2023[14] - Cash at the end of the period decreased to 535,862 in December 2024 from 996,695inDecember2023[14]DepreciationandEquipment−Depreciationincreasedto996,695 in December 2023[14] Depreciation and Equipment - Depreciation increased to 2,501,175 in December 2024 from 2,084,743inDecember2023[14]−Equipmentacquisitionsclassifiedinaccountspayableroseto2,084,743 in December 2023[14] - Equipment acquisitions classified in accounts payable rose to 772,820 in December 2024 from 347,891inDecember2023[14]InventoryandWorkingCapital−Inventorychangesshowedasignificantoutflowof347,891 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]