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]
AMCON Distributing pany(DIT) - 2025 Q1 - Quarterly Results