Welcome to our dedicated page for Amcon Dist Co news (Ticker: DIT), a resource for investors and traders seeking the latest updates and insights on Amcon Dist Co stock.
Company Overview
Amcon Distributing Co (DIT) is a multifunctional consumer product distributor operating predominantly in the wholesale sector with a complementary retail health food segment. Specializing in wholesale distribution and consumer products such as tobacco products, confectionery, beverages, food service items, groceries, paper products, automotive supplies, and health and beauty products, the company plays an essential role within the supply chain for convenience outlets, grocery chains, drug stores, and specialty retailers.
Business Segments
The company is organized into two primary segments:
- Wholesale Distribution: This segment is focused on delivering a wide range of consumer products to an extensive network of retail establishments including convenience stores, grocery stores, liquor stores, drug stores, and specialty tobacco shops. Operating in the Central, Rocky Mountain, and Southern regions of the United States, this segment has established a robust distribution network that emphasizes product availability and timely delivery.
- Retail Health Food: Complementing its wholesale operations, Amcon runs a series of retail health food stores located in Florida and the Midwest. These stores cater to customers seeking natural and organic groceries, dietary supplements, and specialty health products, highlighting the company’s versatile market reach and deep understanding of niche consumer trends.
Operational Excellence and Market Position
Amcon Distributing Co is recognized for its comprehensive logistical operations and strategic market presence. The company leverages efficient supply chain management, operational expertise, and a keen understanding of regional market dynamics to ensure superior distribution performance. Its ability to maintain consistent product flows to various retail channels reflects a high level of operational competence and adaptability in a competitive and ever-evolving market environment.
Competitive Landscape
Amcon distinguishes itself within a broadly competitive sector by combining scale with focused regional strategies. While many competitors may operate on a national scale, Amcon’s strategic segmentation into wholesale and retail divisions allows for tailored operational practices that address both high-volume and specialty market needs. The company emphasizes quality customer service, reliable product availability, and a diversified product mix as its key competitive differentiators.
Product Diversity and Supply Chain Resilience
The broad spectrum of consumer products provided by Amcon ensures that it acts as a critical supply chain partner for a variety of retail formats, from everyday convenience and grocery stores to specialized tobacco shops and health food establishments. The integrated operations between wholesale and retail segments enable the company to maintain supply chain resilience and operational flexibility, which is essential in meeting diverse consumer demands and adapting to market fluctuations.
Industry Keywords and Insights
Throughout its operations, Amcon leverages industry-specific terminology such as wholesale distribution, consumer logistics, and natural/organic grocery to articulate its business strategies within the industry. This focus on precise language not only reinforces its market position but also provides investors and industry analysts with clear insights into the key operational areas of the business.
Summary
In summary, Amcon Distributing Co operates with a dual focus that efficiently serves both mass-market and niche retail outlets. Its dominant wholesale distribution segment is underpinned by a strong logistical framework, while its retail health food stores offer specialized products to targeted regions. By maintaining a diversified product portfolio and a strategically segmented market approach, the company embodies operational efficiency and market responsiveness in the competitive landscape of U.S. consumer product distribution.
AMCON Distributing Company (NYSE American: DIT) has announced a quarterly cash dividend of $0.18 per common share. The dividend will be payable on February 28, 2025 to shareholders of record as of February 7, 2025.
AMCON, along with its subsidiaries Team Sledd and Henry's Foods, operates as a leading Convenience and Foodservice Distributor of consumer products across eleven states. The company's distribution network spans multiple product categories including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies, and health and beauty care products. Additionally, through its Healthy Edge Retail Group, AMCON manages fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT) reported first fiscal quarter earnings with diluted earnings per share of $0.57 and net income of $0.3 million for the period ended December 31, 2024. The company, positioned as the third largest Convenience Distributor in the United States by territory covered, maintains a strong focus on customer service and strategic growth.
The company's shareholders' equity stood at $112.4 million as of December 31, 2024. AMCON has completed the acquisition of Arrowrock Supply in Boise, Idaho, and is developing a new 250,000 square foot distribution facility in Colorado City, Colorado, to support growth in the Intermountain Region.
Through its Henry's Foods subsidiary, AMCON offers comprehensive foodservice programs and store-level merchandising solutions, including integrated advertising and display programs. The company operates distribution centers across eleven states and manages fifteen health and natural product retail stores through its Healthy Edge Retail Group.
AMCON Distributing Company (NYSE American: DIT) has announced a special cash dividend of $0.28 per common share. The dividend will be payable on January 31, 2025 to shareholders of record as of December 30, 2024.
AMCON operates as a Convenience and Foodservice Distributor through thirteen distribution centers across multiple states, including Colorado, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia. The company, along with its subsidiaries Team Sledd and Henry's Foods, distributes consumer products including beverages, candy, tobacco, groceries, foodservice items, frozen and refrigerated foods, automotive supplies, and health and beauty care products. Additionally, through its Healthy Edge Retail Group, AMCON operates fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT) has announced the acquisition of Arrowrock Supply from Davis-Jones Inc. in Boise, Idaho. The acquisition will strengthen AMCON's presence in the Intermountain West region, with operations continuing from Arrowrock's Boise distribution center.
Post-acquisition, AMCON will service approximately 8,000 locations from 14 distribution facilities across 34 states. The transaction is expected to close in AMCON's second quarter of fiscal 2025, subject to customary closing conditions. AMCON, along with its subsidiaries Team Sledd and Henry's Foods, distributes consumer products including beverages, candy, tobacco, groceries, and automotive supplies through facilities in multiple states.
AMCON Distributing Company reported financial results for fiscal year 2024, achieving $7.15 in fully diluted earnings per share on net income of $4.3 million. The wholesale distribution segment generated revenues of $2.7 billion with operating income of $31.3 million, while the retail health food segment reported revenues of $42.5 million with operating income of $0.1 million. The company expanded its footprint, becoming the third largest Convenience Distributor in the US by territory covered. AMCON's new Springfield, Missouri facility is now fully operational, and the company is developing a 250,000 square foot distribution facility in Colorado City. Shareholders' equity stood at $111.7 million as of September 30, 2024.
AMCON Distributing Company (NYSE American: DIT), a leading Convenience and Foodservice Distributor based in Omaha, Nebraska, has announced a quarterly cash dividend of $0.18 per common share. The dividend is payable on November 13, 2024 to shareholders of record as of November 4, 2024.
AMCON, along with its subsidiaries Team Sledd, and Henry's Foods, Inc., distributes a wide range of consumer products including beverages, candy, tobacco, groceries, foodservice items, frozen and refrigerated foods, automotive supplies, and health and beauty care products. The company operates thirteen distribution centers across ten states: Colorado, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia.
Additionally, through its Healthy Edge Retail Group, AMCON runs fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT), a leading Convenience and Foodservice Distributor, has declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on August 12, 2024 to shareholders of record as of August 2, 2024. AMCON, along with its subsidiaries Team Sledd, and Henry's Foods, Inc., operates thirteen distribution centers across ten states, distributing a wide range of consumer products including beverages, candy, tobacco, groceries, and automotive supplies. Additionally, through its Healthy Edge Retail Group, AMCON runs fifteen health and natural product retail stores in the Midwest and Florida.
AMCON Distributing Company (NYSE American: DIT) reported fully diluted earnings per share of $2.46 on net income of $1.5 million for Q3 fiscal 2024. Sales reached $717.9 million, with total shareholders' equity at approximately $110.0 million. The company highlighted its customer-centric approach and recent acquisition of Richmond Master Distributors, Inc.
AMCON is facing challenges including labor shortages, supply chain issues, inflation, and rising interest rates. Despite this, the company is investing in strategic areas such as foodservice, technology platforms, and new distribution facilities. AMCON operates 13 distribution centers across 10 states and 15 health and natural product retail stores through its Healthy Edge Retail Group.
AMCON Distributing Company (NYSE American: DIT), a major Convenience and Foodservice Distributor based in Omaha, Nebraska, has finalized its acquisition of Richmond Master Distributors, Inc., located in South Bend, Indiana. The acquisition enhances AMCON's portfolio, which already includes Team Sledd and Henry’s Foods, and extends its reach to thirteen distribution centers across multiple states. AMCON distributes a variety of consumer products such as beverages, candy, and groceries, and operates fifteen retail stores under the Healthy Edge Retail Group brand in the Midwest and Florida.
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