Amcon Distributing Co (DIT) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Amcon Distributing Co

CIK: 928465 Ticker: DIT

Exhibit 99.1

AMCON Distributing Company Reports Fully Diluted Earnings Per Share of $0.49 for the Quarter Ended March 31, 2018

OMAHA, Neb.--(BUSINESS WIRE)--April 18, 2018--AMCON Distributing Company (“AMCON”) (NYSE American:DIT), an Omaha, Nebraska based consumer products company is pleased to announce fully diluted earnings per share of $0.49 on net income available to common shareholders of $0.3 million for our second fiscal quarter ended March 31, 2018.

“We operate in a highly competitive environment in both our business segments. AMCON will continue to initiate the operating investments necessary to support our customers and enhance our leadership position in the Convenience Distribution Industry. Foodservice expertise is a critical part of the future of our industry and our commitment to this category remains at the forefront of our business strategy. In addition, we seek to develop proprietary technology capabilities as the needs of our customers grow in complexity. This approach has served to differentiate us from our competition,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. He further noted, “We are actively seeking acquisitions that can benefit from our extensive platform of customer service. We are also looking carefully at a number of geographic growth opportunities as our customer base expands.”

“Our annual spring trade show in Kansas City was well received by our customers and vendors. This event provides momentum as we enter our customers’ peak selling season,” said Kathleen M. Evans, President of AMCON’s Wholesale Distribution segment. She further noted, “We are making the logistics and related technology investments necessary to support our customers’ geographic growth.”

“We are pleased with the progress of our new store in Lakeland, Florida. Our management team is developing market driven enhancements to our core business model in order for us to compete in this highly challenging retail environment. We will continue to invest heavily in new stores and store upgrades as that is necessary for us to remain a viable competitor in the market place,” said Clifford Ginn, President of AMCON’s Retail Health Food Segment.

“We actively manage our working capital and liquidity which provides an ability to respond quickly to the dynamic environments in which both of our business segments operate. This conservative approach provides us significant flexibility to act in the long term best interest of the many constituencies we serve. Both of our business segments are utilizing significant financial resources in the course of making the investments necessary for long term competitive success,” said Andrew C. Plummer, AMCON’s Chief Financial Officer. “We were pleased to close the March 31, 2018 quarter with shareholders’ equity of $70.1 million and consolidated debt of $33.4 million.”

The following information was filed by Amcon Distributing Co (DIT) on Wednesday, April 18, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Amcon Distributing Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Amcon Distributing Co.


Assess how Amcon Distributing Co's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Amcon Distributing Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools

Material Contracts, Statements, Certifications & more

Amcon Distributing Co provided additional information to their SEC Filing as exhibits

Ticker: DIT
CIK: 928465
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-18-003066
Submitted to the SEC: Wed Apr 18 2018 4:58:36 PM EST
Accepted by the SEC: Wed Apr 18 2018
Period: Saturday, March 31, 2018
Industry: Wholesale Groceries General Line

External Resources:
Stock Quote
Social Media

Bookmark the Permalink: