OMAHA: AMCON Distributing Company (NYSE American: DIT) reported third-quarter diluted earnings per share of $2.13, with net income of $1.3 million as the Omaha-based distributor advances its integration efforts following recent acquisitions.
Quarterly Highlights
- Revenue rose 3% year-over-year to $739.6 million, driven by growth in wholesale distribution
- Gross profit reached $49.6 million, reflecting a stable margin despite inflationary headwinds
- Operating income declined slightly to $4.86 million, impacted by higher SG&A expenses
Chairman and CEO Christopher H. Atayan said the company is focused on expanding its customer-centric services, with system integration positioning AMCON as the third-largest convenience distributor in the U.S. by territory. He emphasized enthusiasm from retail partners for AMCON’s enhanced advertising and merchandising tools, calling them a “competitive edge.”
AMCON continues to scout acquisition opportunities aligned with its service-first model. President and COO Andrew C. Plummer noted inflation remains a key challenge, influencing labor, insurance, and product costs across the convenience retailing sector. “We’re seeing broader industry consolidation as cost structures remain pressured,” Plummer said.
The company’s foodservice segment remains a strategic priority, with proprietary programs designed to rival quick-service restaurant offerings.
Nine-Month Performance
- Revenue for the nine months ended June 30, 2025 totaled $2.07 billion, up 5%
- Net income plunged to just $77,006, down from $3.1 million last year, with diluted EPS falling to $0.12
- Shareholders received a steady dividend of $0.82 per share YTD
CFO Charles J. Schmaderer said AMCON is actively assessing synergies from recent acquisitions while preserving balance sheet discipline. Total equity stood at $113.2 million at quarter-end.
Segment Breakdown
- Wholesale distribution revenue: $728.3 million, operating income: $7.3 million
- Retail health food revenue: $11.3 million, operating income: $0.1 million
AMCON Operating across 34 states with 14 distribution centers, AMCON serves convenience and foodservice outlets with a portfolio spanning beverages, tobacco, groceries, and health products. Its Healthy Edge Retail Group runs 15 health stores in the Midwest and Florida.