Workflow
AMCON Distributing pany(DIT) - 2025 Q2 - Quarterly Results
DITAMCON Distributing pany(DIT)2025-04-18 20:15

Financial Performance - AMCON reported a fully diluted loss per share of 2.58,withanetlossavailabletocommonshareholdersof2.58, 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,comparedtoanetincomeof1,589,960, 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)forthethreemonthsendedMarch31,2025,significantlydownfrom(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 619.5million,comparedto619.5 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 576.5million,leadingtoagrossprofitof576.5 million, leading to a gross profit of 43.0 million, which is an increase from 42.3millionintheprioryear[12].−Shareholders′equityasofMarch31,2025,wasreportedat42.3 million in the prior year[12]. - Shareholders' equity as of March 31, 2025, was reported at 111.4 million, a slight decrease from 111.7millioninSeptember2024[4].OperationalHighlights−Thewholesaledistributionsegmentgeneratedrevenuesof111.7 million in September 2024[4]. Operational Highlights - The wholesale distribution segment generated revenues of 607.6 million and operating income of 2.8million,whiletheretailhealthfoodsegmentreportedrevenuesof2.8 million, while the retail health food segment reported revenues of 11.9 million and operating income of 0.4millionforthesamequarter[3].−ThecompanyhasbecomethethirdlargestConvenienceDistributorintheU.S.byterritorycovered,enhancingitsoperationalcapabilities[3].−AMCON′sfoodserviceprogramsarepositionedtoprovideretailpartnerswithcompetitiveadvantagesagainsttheQuickServiceRestaurantindustry[3].−AMCONisinvestinginanew250,000squarefootdistributionfacilityinColoradoCity,Colorado,tosupportgrowthinitiativesintheIntermountainRegion[4].StrategicInitiatives−Thecompanycontinuestoseekstrategicacquisitionopportunitiestoenhanceitscustomer−focusedapproachandintegraterecentacquisitions[3].−ThecompanyacquiredArrowrockSupplyfor0.4 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 4,824,777inMarch2025from4,824,777 in March 2025 from 4,239,707 in March 2024[17]. - Total cash at the end of the period was 685,854,downfrom685,854, down from 951,521 at the end of March 2024[17]. - The company paid dividends on common stock amounting to 413,096inMarch2025,comparedto413,096 in March 2025, compared to 403,432 in March 2024[17]. - Equity-based compensation increased to 1,275,724inMarch2025from1,275,724 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,comparedto106,897,928, compared to 106,053,510 as of March 31, 2024[14]. - The company reported a significant change in inventories, with a decrease of 13,324,448inMarch2025comparedtoanincreaseof13,324,448 in March 2025 compared to an increase of 37,236,124 in March 2024[17]. - Borrowings under revolving credit facilities increased to 1,262,647,310inMarch2025from1,262,647,310 in March 2025 from 1,128,853,805 in March 2024[17].