Amcon Dist Co Stock Price, News & Analysis

AMCON Distributing Company (NYSE American: DIT) is an Omaha, Nebraska-based Convenience and Foodservice Distributor that focuses on the wholesale distribution of consumer products and the retail sale of health and natural products. According to company disclosures in press releases and SEC filings, AMCON, together with its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., distributes a broad mix of consumer goods and operates a network of specialty retail stores under the Healthy Edge Retail Group.

Business Model and Core Operations

AMCON reports two primary operating segments: a wholesale distribution segment and a retail health food segment. The wholesale distribution segment distributes consumer products to retail outlets as a Convenience and Foodservice Distributor. Company news releases state that this segment handles products such as beverages, candy, tobacco, groceries, foodservice items, frozen and refrigerated foods, automotive supplies, and health and beauty care products. These products are supplied to retail customers across multiple states.

The retail health food segment, operated through the Healthy Edge Retail Group, is described as operating health and natural product retail stores in the Midwest and Florida. These stores focus on health and natural products, including natural/organic groceries and dietary supplements as referenced in the Polygon description and supported by the company’s description of its health and natural product retail stores.

Geographic Reach and Distribution Footprint

AMCON emphasizes its scale as a Convenience and Foodservice Distributor. Company news releases describe AMCON as serving thirty-four states from fourteen distribution centers. These distribution centers are located in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia. Earlier releases note that the company expanded its facilities, including a 250,000 square foot distribution facility in Colorado City, Colorado, to support growth in the Intermountain Region.

Through its Healthy Edge Retail Group, AMCON operates fifteen health and natural product retail stores in the Midwest and Florida. This combination of a multi-state wholesale footprint and a regional health and natural products retail presence defines the company’s operational structure as disclosed in its public communications.

Market Position and Strategic Focus

In multiple news releases, AMCON states that it has become the third largest Convenience Distributor in the United States measured by territory covered. Management commentary highlights a core operating philosophy centered on providing a superior level of customer service and a customer-centric approach. The company links this philosophy to its ability to maintain a consistent and timely flow of goods and services to retail partners, even under challenging conditions.

AMCON’s management also identifies foodservice as a strategic focus, particularly through its Henry’s Foods subsidiary. Company statements describe a breadth and depth of proprietary foodservice programs and associated store-level merchandising, and refer to turn-key solutions that are intended to help retail partners compete with the Quick Service Restaurant industry. These disclosures indicate that foodservice programs and related merchandising are important differentiators within the company’s wholesale distribution activities.

Technology, Marketing, and Customer Programs

AMCON highlights the role of technology and marketing support in its service offering. According to management commentary in earnings releases, the company has a proprietary technology suite of services combined with integrated advertising, design, print, and electronic display programs. These programs are described as state-of-the-art and are intended to provide AMCON’s customers with a competitive edge at the store level.

The company also refers to an industry leading suite of programs and services for convenience and foodservice retailers, which it deploys across its organization as it integrates acquisitions and new facilities. These programs are positioned as tools that support customers’ growth initiatives in the various regions AMCON serves.

Corporate Structure, Capital and Exchange Listing

AMCON Distributing Company is a Delaware corporation, as indicated in its definitive proxy statement (DEF 14A). The company’s common stock, with a par value of $0.01 per share, trades on the NYSE American exchange under the ticker symbol DIT, as disclosed in its Form 8-K filings. SEC filings also show that the company has authorized preferred stock and common stock, with common shares outstanding and treasury stock reported in its consolidated balance sheets and statements of shareholders’ equity.

AMCON’s filings and news releases emphasize a focus on managing the company’s balance sheet and liquidity position. The consolidated financial statements included in press releases and referenced in Form 8-K filings present details on assets, liabilities, shareholders’ equity, credit facilities, and mandatorily redeemable non-controlling interests. While specific financial figures change over time, these disclosures indicate that AMCON uses credit facilities and long-term debt to support its operations and acquisition activities.

Acquisitions and Growth

AMCON’s news releases and cash flow statements describe acquisition activity as part of its growth strategy. The company reports acquisitions such as Burklund, Richmond Master, and Arrowrock Supply, and notes that it is integrating recent acquisitions and new facilities across its organization. Management commentary states that AMCON continues to seek strategic acquisition opportunities for Convenience and Foodservice Distributors that align with its customer-focused philosophy.

Cash flow disclosures show that portions of certain acquisitions have been financed with promissory notes and contingent consideration. These details, along with references to integration work and evaluation of operational synergies, indicate that acquisitions are a recurring element of AMCON’s approach to expanding its distribution footprint and capabilities.

Dividends and Capital Returns

AMCON’s board of directors has declared both regular quarterly cash dividends and special cash dividends on its common stock. Multiple press releases document quarterly dividends of $0.18 per common share and special dividends of $0.28 per common share, with payment dates and record dates specified. The company’s consolidated statements of shareholders’ equity and cash flows also reflect dividends paid per common share and dividends declared but not yet paid.

These recurring dividend declarations, as reported in press releases and SEC filings, indicate that returning cash to common shareholders through dividends is an ongoing element of AMCON’s capital allocation decisions.

Corporate Governance and Shareholder Matters

AMCON’s Form 8-K and DEF 14A filings provide insight into its corporate governance and shareholder processes. The company holds an annual meeting of stockholders, where shareholders vote on the election of directors, ratification and approval of the selection of the independent registered public accounting firm, advisory approval of executive compensation, and the frequency of advisory votes on executive compensation. The company discloses the voting results for these matters, including votes in favor, votes withheld, votes against, abstentions, and broker non-votes.

The board of directors has determined, based on shareholder voting, that advisory votes on executive compensation will be held every three years. Proxy materials also outline the voting rights associated with the company’s common stock, the record date for the annual meeting, and the procedures for voting shares held directly or in street name.

Segment Reporting and Financial Disclosure

AMCON’s financial reporting, as reflected in press releases and referenced in Form 8-K filings, provides segment-level information for the wholesale distribution and retail health food segments. The company discloses segment revenues and operating income for each segment over various fiscal periods. These segment disclosures allow investors to see the relative contribution of the wholesale distribution and retail health food segments to the company’s overall performance.

The consolidated financial statements also present details on sales (including excise taxes), cost of sales, gross profit, selling, general and administrative expenses, depreciation and amortization, operating income, interest expense, changes in the fair value of mandatorily redeemable non-controlling interest, other income, income tax expense, and net income available to common shareholders. Statements of cash flows outline cash flows from operating, investing, and financing activities, including purchases of property and equipment, acquisition-related cash flows, borrowings and repayments under revolving credit facilities, and dividends on common stock.

Stock Information and Investor Considerations

According to AMCON’s SEC filings, its common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on the NYSE American under the symbol DIT. The company’s proxy materials and filings specify the number of common shares issued and outstanding as of various record dates, along with information on treasury stock and additional paid-in capital.

Investors reviewing AMCON Distributing Company typically consider its role as a Convenience and Foodservice Distributor, its position as the third largest Convenience Distributor in the United States measured by territory covered, its two-segment structure with wholesale distribution and retail health food operations, its acquisition activity, and its history of paying regular and special dividends. All of these points are drawn from the company’s own press releases, financial statements, and SEC filings.