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Amcon Dist Co - DIT STOCK NEWS

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.

Amcon Distributing Co (DIT) operates dual business segments distributing consumer products and specialty health foods across U.S. markets. This page serves as the definitive source for official company announcements, financial updates, and strategic developments impacting investors and industry observers.

Access timely updates on wholesale distribution operations serving convenience stores and retailers nationwide, alongside progress in the retail health food division focused on organic groceries. Track critical announcements including quarterly earnings, supply chain initiatives, market expansions, and leadership updates – all curated for efficient analysis.

Key updates cover financial performance metrics, product distribution trends, retail location developments, and operational efficiency measures. Content is rigorously verified to ensure compliance with financial disclosure standards while maintaining accessibility for both professional analysts and individual investors.

Bookmark this page for streamlined access to DIT's evolving business narrative. Combine real-time updates with historical context to monitor the company's position in competitive distribution sectors and niche health food markets.

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AMCON Distributing Company, a leading Convenience and Foodservice Distributor, announces a $0.18 quarterly dividend per common share. The dividend is payable on May 13, 2024, to shareholders of record as of May 3, 2024. AMCON operates twelve distribution centers and fourteen health and natural product retail stores across various states.
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AMCON Distributing Company, listed on NYSE American as DIT, has acquired Richmond Master Distributors, Inc. The acquisition aims to continue the legacy of Master Distributors founded in 1947, expanding AMCON's reach to approximately 7,900 locations in 33 states. The transaction is expected to close in AMCON's third quarter of fiscal 2024.
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AMCON Distributing Company reports solid financial results for the quarter ended March 31, 2024, with diluted earnings per share of $0.89 and net income of $0.5 million. Despite challenges like labor shortages and supply chain issues, the company's customer-centric approach remains a competitive advantage. The recent acquisition of Burklund Distributors, Inc. and focus on foodservice, technology, and geographic expansion highlight AMCON's strategic growth initiatives.
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AMCON Distributing Company announces the acquisition of Burklund Distributors, Inc., expanding its reach in consumer products distribution.
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AMCON Distributing Company (DIT) acquires Burklund Distributors, Inc., expanding its reach to 7,400 locations in 32 states. The acquisition aims to continue the legacy of the third-generation family business and enhance customer service.
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AMCON Distributing Company (DIT) acquires a new distribution facility in Colorado City, Colorado, expanding its operations and enhancing service for customers in the Rocky Mountain, Intermountain, and Southwest regions. The facility features significant refrigerated and frozen capabilities, aligning with AMCON's strategic growth objectives.
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AMCON Distributing Company, a consumer products company based in Omaha, Nebraska, has declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on February 12, 2024, to shareholders of record as of February 2, 2024. AMCON operates as a leading Convenience Distributor of consumer products with distribution centers in several states and also runs health and natural product retail stores in the Midwest and Florida.
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AMCON Distributing Company (NYSE American: DIT) reports fully diluted earnings per share of $1.78 and net income of $1.1 million for the first fiscal quarter ended December 31, 2023. The company faces challenges due to labor shortage, supply chain issues, inflation, energy price volatility, and rising interest rates. Despite this, the customer-centric approach has enabled the management team to ensure a timely flow of goods and services. AMCON is actively pursuing strategic acquisition opportunities in the Convenience Distributor and Foodservice sectors and is investing heavily in foodservice and technology platforms. The company's shareholders' equity was $106.9 million as of December 31, 2023, and a new 175,000 square foot distribution facility in Springfield, Missouri became partially operational in the first fiscal quarter.
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AMCON Distributing Company (DIT) declares a special cash dividend of $0.28 per common share, payable on January 17, 2024, to shareholders of record as of January 8, 2024. AMCON is a leading consumer products company and convenience distributor servicing approximately 7,000 retail stores and operating seventeen health and natural product retail stores.
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AMCON Distributing Company (DIT) reports fully diluted earnings per share of $19.46 and net income available to common shareholders of $11.6 million for fiscal year 2023. Despite numerous operating challenges, the wholesale distribution segment reported revenues of $2.5 billion and operating income of $39.7 million, while the retail health food segment reported revenues of $43.1 million and an operating loss of $0.7 million. The company's strategic focus is on driving the growth of its foodservice business through Henry's Foods subsidiary, investing in technology platforms, expanding its geographic reach, and developing a new distribution facility in Springfield, Missouri.
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NYSE:DIT

DIT Rankings

DIT Stock Data

75.84M
174.16k
73.02%
11.25%
0.27%
Food Distribution
Wholesale-groceries, General Line
Link
United States
OMAHA