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May 27, 2015 3:07 AM ET

Distributors

Company Overview of AMCON Distributing Co.

Company Overview

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The company operates through two segments, Wholesale Distribution and Retail Health Food. The Wholesale Distribution segment distributes various consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and chilled products, and institutional foodservice products. This segment serves approximately 4,500 retail outlets, including convenience stores, grocery stores, liquor stores, drug stores...

7405 Irvington Road

Omaha, NE 68122

United States

Founded in 1981

719 Employees

Phone:

402-331-3727

Fax:

402-331-4834

Key Executives for AMCON Distributing Co.

Chairman and Chief Executive Officer
Age: 54
Total Annual Compensation: $1.1M
President and Director
Age: 67
Total Annual Compensation: $520.2K
Chief Financial Officer, Principal Accounting Officer, Vice President and Secretary
Age: 40
Total Annual Compensation: $340.0K
President of Chamberlin’s Market & Cafe and President of Akin’s Natural Foods Market
Age: 53
Total Annual Compensation: $221.6K
Compensation as of Fiscal Year 2014.

AMCON Distributing Co. Key Developments

AMCON Distributing Announces Quarterly Dividend, Payable on May 28, 2015

AMCON Distributing Company announced that the Board of Directors of AMCON declared a quarterly cash dividend of $0.18 per common share. This cash dividend is payable on May 28, 2015 to shareholders of record as of May 6, 2015.

AMCON Distributing Mulls Acquisitions

AMCON Distributing Co. (AMEX:DIT), which has recorded net income available to common shareholders of $0.72 million for second quarter ended March 31, 2015, is looking for acquisitions. AMCON's Chairman and Chief Executive Officer, Christopher Atayan said, “We expect that we will continue to invest in our wholesale business to maintain our leadership position in the industry and are seeking acquisitions that can benefit from our extensive platform of customer services.”

AMCON Distributing Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

AMCON Distributing Company announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported sales including excise taxes were $287,443,864 compared to $272,421,788 for the same period a year ago. Operating income was $1,656,721 compared to $1,178,954 for the same period a year ago. Income from operations before income tax expense was $1,498,333 compared to $995,285 for the same period a year ago. Net income available to common shareholders was $721,225 or $1.04 per diluted share compared to $483,177 or $0.72 per diluted share for the same period a year ago. For the six months, the company reported sales including excise taxes were $602,877,340 compared to $578,047,345 for the same period a year ago. Operating income was $4,425,826 compared to $3,703,714 for the same period a year ago. Income from operations before income tax expense was $4,037,363 compared to $3,248,281 for the same period a year ago. Net income available to common shareholders was $2,218,078 or $3.15 per diluted share compared to $1,721,996 or $2.46 per diluted share for the same period a year ago. Net cash flows used in operating activities were $15,532,888 compared to net cash flows from operating activities of $37,309 for the same period a year ago. Purchases of property and equipment were $611,106 compared to $1,362,832 for the same period a year ago. Consolidated debt as at March 31, 2015 was $35.9 million.

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