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AMCON Distributing Company

amcon.com

Founded Year

1981

Stage

Unattributed VC - II | Alive

Total Raised

$4.5M

Last Raised

$2M | 17 yrs ago

About AMCON Distributing Company

AMCON Distributing Company (NYSEAMERICAN: DIT) is a consumer products wholesaler. It provides beverages, frozen and chilled products, groceries, candy and other confectionery, paper products, health and beauty care products, cigarettes and tobacco products, and institutional food service products. The company was founded in 1981 and is based in Omaha, Nebraska.

Headquarters Location

7405 Irvington Road

Omaha, Nebraska, 68122,

United States

402-331-3727

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AMCON Distributing Company Patents

AMCON Distributing Company has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/26/2019

Counterculture of the 1960s, Sewerage, Environmental engineering, Hippie movement, Water pollution

Application

Application Date

11/26/2019

Grant Date

Title

Related Topics

Counterculture of the 1960s, Sewerage, Environmental engineering, Hippie movement, Water pollution

Status

Application

Latest AMCON Distributing Company News

AMCON Distributing Company Reports Results for the Quarter Ended December 31, 2022

Jan 18, 2023

01/18/2023 | 04:11pm EST Message : *Required fields AMCON Distributing Company (“AMCON” or “Company”) (NYSE American: DIT), an Omaha, Nebraska based consumer products company, is pleased to announce fully diluted earnings per share of $4.46 on net income available to common shareholders of $2.6 million for its first fiscal quarter ended December 31, 2022. “AMCON has a strategic focus on Customer Service and this long-held approach enables our leadership in the Convenience Distribution industry,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. Mr. Atayan further noted, “AMCON continues to seek out acquisition opportunities for convenience and foodservice distributors who want to align with the Company’s growing platform and customer centric management philosophy.” The wholesale distribution segment reported revenues of $555.7 million and operating income of $8.2 million for the first quarter of fiscal 2023. The retail health food segment reported revenues of $10.3 million and an operating loss of $0.3 million for the first quarter of fiscal 2023. “We are proud of the extra efforts our team made to ensure timely delivery to our customers during the severe weather we encountered during the quarter,” said Andrew C. Plummer, AMCON’s President and Chief Operating Officer. Mr. Plummer further noted, “We are investing heavily in our foodservice and technology platforms and associated staffing for these strategic focus areas. Our customer base is growing, and we continue to search for facilities in, and adjacent to, the geographic markets we serve.” “We are actively managing our working capital position to take advantage of strategic opportunities in the marketplace,” said Charles J. Schmaderer, AMCON’s Chief Financial Officer. Mr. Schmaderer further noted, “As a core operating principle, we maintain high levels of liquidity and ended the quarter with $94.7 million of consolidated shareholders’ equity.” AMCON is a leading convenience distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products servicing approximately 5,400 retail stores through distribution centers in Illinois, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. AMCON, through its Healthy Edge Retail Group, also operates nineteen (19) health and natural product retail stores in the Midwest and Florida. This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company’s Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements. Visit AMCON Distributing Company's web site at: www.amcon.com

AMCON Distributing Company Frequently Asked Questions (FAQ)

  • When was AMCON Distributing Company founded?

    AMCON Distributing Company was founded in 1981.

  • Where is AMCON Distributing Company's headquarters?

    AMCON Distributing Company's headquarters is located at 7405 Irvington Road, Omaha.

  • What is AMCON Distributing Company's latest funding round?

    AMCON Distributing Company's latest funding round is Unattributed VC - II.

  • How much did AMCON Distributing Company raise?

    AMCON Distributing Company raised a total of $4.5M.

  • Who are the investors of AMCON Distributing Company?

    Investors of AMCON Distributing Company include Draupnir.

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