AMCON Distributing pany(DIT) - 2026 Q1 - Quarterly Results

Financial Performance - For the fiscal quarter ended December 31, 2025, AMCON reported fully diluted earnings per share of $1.28 and net income available to common shareholders of $0.8 million[2]. - Total sales for the quarter, including excise taxes, amounted to $730.1 million, an increase from $711.3 million in the same quarter of the previous year, representing a growth of approximately 2.3%[12]. - Gross profit for the quarter was $48.0 million, compared to $46.9 million in the prior year, reflecting a gross margin improvement[12]. - Operating income increased to $3.9 million from $3.7 million year-over-year, indicating a growth of about 7.4%[12]. - Net income available to common shareholders for December 2025 was $792,964, compared to $348,419 in December 2024, representing a significant increase[16]. Revenue Segments - The wholesale distribution segment generated revenues of $719.3 million with an operating income of $6.9 million, while the retail health food segment reported revenues of $10.8 million and an operating loss of $0.2 million[4]. Shareholder Equity and Assets - As of December 31, 2025, AMCON's shareholders' equity stood at $114.1 million, up from $113.1 million at the end of the previous quarter[10]. - AMCON's current assets totaled $229.96 million, while total liabilities were $264.6 million, resulting in a current ratio of approximately 0.87[10]. Cash Flow and Debt Management - Net cash flows from operating activities were $(11,695,015) in December 2025, an improvement from $(39,867,877) in December 2024[16]. - Cash paid during the period for interest, net of amounts capitalized, was $2,635,661 in December 2025, down from $2,815,683 in December 2024[16]. - The company reported a net change in cash of $34,140 for December 2025, compared to a decrease of $(136,926) in December 2024[16]. - Total borrowings under revolving credit facilities amounted to $699,127,269 in December 2025, slightly down from $713,853,301 in December 2024[16]. - Principal payments on long-term debt were $1,362,424 in December 2025, compared to $1,340,204 in December 2024[16]. Dividends and Accounts Receivable - Dividends on common stock increased to $117,127 in December 2025 from $116,184 in December 2024[16]. - The company reported a decrease in accounts receivable of $4,100,376 in December 2025, compared to an increase of $(49,572) in December 2024[16]. Cash Position - Cash, end of period for December 2025 was $778,753, up from $535,862 in December 2024[16]. - Equipment acquisitions classified in accounts payable were $32,413 in December 2025, down from $772,820 in December 2024[16]. Strategic Initiatives - The company is actively pursuing strategic acquisition opportunities to enhance its customer-focused approach in the convenience and foodservice distribution sector[3]. - AMCON operates 15 health and natural product retail stores across the Midwest and Florida, contributing to its market expansion strategy[5]. Cost Pressures - The company experienced inflationary pressures affecting its cost structures, particularly in product costs, labor, and employee benefits[5].