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Amcon Distributing Company - DIT STOCK NEWS

Welcome to our dedicated news page for Amcon Distributing Company (Ticker: DIT), a resource for investors and traders seeking the latest updates and insights on Amcon Distributing Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amcon Distributing Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amcon Distributing Company's position in the market.

News
AMCON Distributing Company Acquires Richmond Master Distributors, Inc.
Rhea-AI Summary
AMCON Distributing Company, listed on NYSE American as DIT, has acquired Richmond Master Distributors, Inc. The acquisition aims to continue the legacy of Master Distributors founded in 1947, expanding AMCON's reach to approximately 7,900 locations in 33 states. The transaction is expected to close in AMCON's third quarter of fiscal 2024.
Rhea-AI Impact
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End-of-Day
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acquisition
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AMCON Distributing Company Reports Results for the Quarter Ended March 31, 2024
Rhea-AI Summary
AMCON Distributing Company reports solid financial results for the quarter ended March 31, 2024, with diluted earnings per share of $0.89 and net income of $0.5 million. Despite challenges like labor shortages and supply chain issues, the company's customer-centric approach remains a competitive advantage. The recent acquisition of Burklund Distributors, Inc. and focus on foodservice, technology, and geographic expansion highlight AMCON's strategic growth initiatives.
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News
AMCON Distributing Company Completes Acquisition of Burklund Distributors, Inc.
Rhea-AI Summary
AMCON Distributing Company announces the acquisition of Burklund Distributors, Inc., expanding its reach in consumer products distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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acquisition
News
AMCON Distributing Company Acquires Burklund Distributors, Inc.
Rhea-AI Summary
AMCON Distributing Company (DIT) acquires Burklund Distributors, Inc., expanding its reach to 7,400 locations in 32 states. The acquisition aims to continue the legacy of the third-generation family business and enhance customer service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
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acquisition
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News
AMCON Distributing Company Acquires Colorado Distribution Facility
Rhea-AI Summary
AMCON Distributing Company (DIT) acquires a new distribution facility in Colorado City, Colorado, expanding its operations and enhancing service for customers in the Rocky Mountain, Intermountain, and Southwest regions. The facility features significant refrigerated and frozen capabilities, aligning with AMCON's strategic growth objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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acquisition
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News
AMCON Distributing Company Announces $0.18 Quarterly Dividend
Rhea-AI Summary
AMCON Distributing Company, a consumer products company based in Omaha, Nebraska, has declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on February 12, 2024, to shareholders of record as of February 2, 2024. AMCON operates as a leading Convenience Distributor of consumer products with distribution centers in several states and also runs health and natural product retail stores in the Midwest and Florida.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
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dividends
News
AMCON Distributing Company Reports Results for the Quarter Ended December 31, 2023
Rhea-AI Summary
AMCON Distributing Company (NYSE American: DIT) reports fully diluted earnings per share of $1.78 and net income of $1.1 million for the first fiscal quarter ended December 31, 2023. The company faces challenges due to labor shortage, supply chain issues, inflation, energy price volatility, and rising interest rates. Despite this, the customer-centric approach has enabled the management team to ensure a timely flow of goods and services. AMCON is actively pursuing strategic acquisition opportunities in the Convenience Distributor and Foodservice sectors and is investing heavily in foodservice and technology platforms. The company's shareholders' equity was $106.9 million as of December 31, 2023, and a new 175,000 square foot distribution facility in Springfield, Missouri became partially operational in the first fiscal quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
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AMCON Distributing Company Announces $0.28 Special Dividend
Rhea-AI Summary
AMCON Distributing Company (DIT) declares a special cash dividend of $0.28 per common share, payable on January 17, 2024, to shareholders of record as of January 8, 2024. AMCON is a leading consumer products company and convenience distributor servicing approximately 7,000 retail stores and operating seventeen health and natural product retail stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
dividends
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AMCON Distributing Company Reports Results for the Fiscal Year Ended September 30, 2023
Rhea-AI Summary
AMCON Distributing Company (DIT) reports fully diluted earnings per share of $19.46 and net income available to common shareholders of $11.6 million for fiscal year 2023. Despite numerous operating challenges, the wholesale distribution segment reported revenues of $2.5 billion and operating income of $39.7 million, while the retail health food segment reported revenues of $43.1 million and an operating loss of $0.7 million. The company's strategic focus is on driving the growth of its foodservice business through Henry's Foods subsidiary, investing in technology platforms, expanding its geographic reach, and developing a new distribution facility in Springfield, Missouri.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
earnings
News
AMCON Distributing Company Announces $0.18 Quarterly Dividend
Rhea-AI Summary
AMCON Distributing Company declares quarterly cash dividend of $0.18 per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
dividends
Stock DIT logo
Amcon Distributing Company

NYSE:DIT

DIT Rankings

#4219 Ranked by Market Cap
#1701 Ranked by Stock Gains
#2017 Ranked by Dividends

DIT Stock Data

109.22M
171.99k
72.71%
11.31%
0.09%
General Line Grocery Merchant Wholesalers
Wholesale Trade
Link
United States
Omaha

About DIT

amcon distributing company, together with its wholly-owned subsidiaries (collectively “amcon”), is primarily engaged in the wholesale distribution of consumer products including cigarettes and tobacco products, candy and other confectionery, beverages, food service, groceries, paper products, automotive and health and beauty care products. in addition, the company operates fourteen retail health food stores in florida and the midwest.