AMCON Q2 FY2024 EPS $0.89, acquires Richmond Master Distributors

AMCON DISTRIBUTING CO

Diluted EPS $0.89 on net income $0.5M for Q2 ended March 31, 2024.
Acquired Richmond Master Distributors (South Bend, IN) via asset purchase; expected close Q3 FY2024.
No revenue or guidance provided; cites labor shortages, supply chain, inflation, rising rates as challenges.
Post-acquisition, AMCON will serve ~7,900 locations in 33 states.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMCON DISTRIBUTING CO reported its second fiscal quarter ended March 31, 2024 results: net income net income available to common shareholders of $0.5 million, EPS fully diluted earnings per share of $0.89.

Period: its second fiscal quarter ended March 31, 2024
Net income: net income available to common shareholders of $0.5 million
EPS: fully diluted earnings per share of $0.89
Result: reported results

Exact text from the filing

AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $0.89 on net income available to common shareholders of $0.5 million for its second fiscal quarter ended March 31, 2024.

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AMCON DISTRIBUTING CO filing history →

Source: SEC EDGAR

accession 0001104659-24-049102

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