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 Company (NYSE American: DIT) is an Omaha, Nebraska-based Convenience and Foodservice Distributor with operations spanning wholesale distribution and retail health and natural products. Company press releases and SEC filings describe AMCON as operating through a wholesale distribution segment for consumer products and a retail health food segment under the Healthy Edge Retail Group.
The news flow for AMCON often centers on earnings announcements, segment performance, and capital allocation decisions. Regular updates include results for fiscal years and fiscal quarters, with details on sales, cost of sales, gross profit, operating income, and net income available to common shareholders. These releases also provide segment-level information for the wholesale distribution and retail health food segments, giving readers insight into how each part of the business is performing.
AMCON also issues frequent news about dividends. The board of directors has declared quarterly cash dividends of $0.18 per common share and special cash dividends of $0.28 per common share, with specific record dates and payment dates disclosed in the announcements. These dividend-related releases are a recurring feature of the company’s news cycle and are relevant for investors tracking cash returns on the DIT stock.
Another key theme in AMCON’s news coverage is acquisition and expansion activity. The company has reported acquisitions such as Arrowrock Supply and has discussed integrating recent acquisitions and new distribution facilities, including a 250,000 square foot facility in Colorado City, Colorado. Management commentary in news releases highlights the integration of these operations, evaluation of operational synergies, and the role of acquisitions in expanding AMCON’s distribution footprint.
In addition, AMCON’s news includes management perspectives on the convenience retailing sector, inflationary cost pressures, and the company’s focus on foodservice programs and proprietary technology and marketing services. For investors and observers, the DIT news page provides a consolidated view of financial results, dividend actions, acquisition updates, and strategic commentary directly from the company’s public communications.
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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