AMCON Distributing FY2026 operating cash flow falls to $15.8K
AMCON's distribution operations served 35 states through 13 distribution centers, alongside 15 health and natural product retail stores.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
AMCON Distributing Company reported fiscal 2026 sales, including excise taxes, of $3,123,380,227, compared with $2,816,688,287 in fiscal 2025. Net income available to common shareholders was $2,361,289, versus $568,739, and diluted earnings per share were $2.52, versus $0.62. Consolidated operating income was $13,814,507, compared with $12,555,465. Dividends paid per common share were $0.67 in both years.
Net cash flows from operating activities were $15,827 in fiscal 2026, compared with $18,667,426 in fiscal 2025. Wholesale distribution reported $3.1 billion in revenue and $25.5 million in operating income; retail health food reported $43.7 million in revenue and a $0.6 million operating loss. At September 30, 2026, cash was $670,804, credit facilities were $148,254,738, total assets were $409,909,094 and shareholders’ equity was $116,973,873.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointFiscal 2026 sales were $3,123,380,227, versus $2,816,688,287 in fiscal 2025.
- Moderate pointNet income available to common shareholders was $2,361,289, versus $568,739 in fiscal 2025.
Negative
- Moderate pointFiscal 2026 operating cash flow was $15,827, compared with $18,667,426 in fiscal 2025.
Filing Explained
At
8-K Event Classification
Key Figures
Key Terms
operating lease right-of-use assets financial
mandatorily redeemable non-controlling interest financial
Earnings Snapshot
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) (Zip Code)
| Registrant’s telephone number, including area code: |
| Not Applicable |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| NYSE Texas |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On November 9, 2026, the Company issued a press release announcing financial results for its fiscal year ended September 30, 2026. A copy of the press release is attached to this report as an exhibit.
The information in this report (including the exhibit) shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information set forth in this report (including the exhibit) shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| EXHIBIT NO. | DESCRIPTION |
| 99.1 | Press release, dated November 9, 2026, issued by AMCON Distributing Company announcing financial results for its fiscal year ended September 30, 2026. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMCON DISTRIBUTING COMPANY | ||
| (Registrant) | ||
| Date: November 9, 2026 | /s/ Charles J. Schmaderer | |
| Name: | Charles J. Schmaderer | |
| Title: | Vice President, Chief Financial Officer and Secretary | |
| 3 |
Exhibit 99.1
AMCON DISTRIBUTING COMPANY REPORTS RESULTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2026
NEWS RELEASE
Omaha, NE, November 9, 2026 - AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT, NYSE Texas: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $2.52 on net income available to common shareholders of $2.4 million for the fiscal year ended September 30, 2026.
“AMCON’s long-term strategy of providing superior customer service, custom designed merchandising platforms supported by advertising and leading-edge technology solutions combined with the third largest Convenience Distribution footprint in the United States positions our organization well in the years ahead,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. He further noted, “We continue to actively seek strategic acquisition opportunities for operators who want to align with our customer-focused approach and further the legacy of their enterprises.”
The wholesale distribution segment reported revenues of $3.1 billion and operating income of $25.5 million for fiscal 2026 and the retail health food segment reported revenues of $43.7 million and an operating loss of $0.6 million for fiscal 2026.
“This summer our management team navigated a monumental logistics challenge presented by wildfires that engulfed a large portion of our service territory in Colorado. Through the hard work and dedication of our associates, we were able to maintain service levels and timely deliveries for our customers across this region. When we speak to AMCON’s service philosophy, it is events like this that reinforce our key philosophies and value-add to our customers,” said Andrew C. Plummer, AMCON’s President and Chief Operating Officer. Mr. Plummer continued, “AMCON’s proprietary technology suite of services, combined with our integrated state of the art advertising, design, print and electronic display programs, are designed to provide our customers a competitive edge. Our customer base and our management team work collaboratively to tailor unique solutions as we deploy these capabilities across our entire organization. As we grow, this ability to deliver customized programs is a competitive differentiation.”
“We engage in a relentless daily focus on managing the Company’s balance sheet and maximizing our liquidity position. At September 30, 2026, our shareholders’ equity was $117.0 million,” said Charles J. Schmaderer, AMCON’s Chief Financial Officer. Mr. Schmaderer also added, “We have a long-term commitment to investing in technology-based business process improvements to optimize our ability to serve our growing base of customers. We believe these investments enable our customers to compete more effectively in the markets they serve.”
AMCON, and its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products serving thirty-five (35) states from thirteen (13) distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Tennessee and West Virginia. Through its Healthy Edge Retail Group, AMCON operates fifteen (15) 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
For Further Information Contact:
Charles J. Schmaderer
AMCON Distributing Company
Ph 402-331-3727
| 2 |
AMCON Distributing Company and Subsidiaries
CONSOLIDATED BALANCE SHEETS
| September | September | |||||||
| 2026 | 2025 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash | $ | 670,804 | $ | 744,613 | ||||
| Accounts receivable, less allowance for credit losses of $2.4 million at September 2026 and $2.4 million at September 2025 | 75,373,946 | 73,192,069 | ||||||
| Inventories, net | 173,712,380 | 153,276,545 | ||||||
| Income taxes receivable | 200,640 | 140,986 | ||||||
| Prepaid expenses and other current assets | 11,159,995 | 12,150,645 | ||||||
| Total current assets | 261,117,765 | 239,504,858 | ||||||
| Property and equipment, net | 108,371,621 | 107,844,655 | ||||||
| Operating lease right-of-use assets, net | 27,279,797 | 30,488,841 | ||||||
| Goodwill | 5,778,325 | 5,778,325 | ||||||
| Other intangible assets, net | 3,776,655 | 4,240,359 | ||||||
| Other assets | 3,584,931 | 3,231,488 | ||||||
| Total assets | $ | 409,909,094 | $ | 391,088,526 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 77,524,223 | $ | 69,532,355 | ||||
| Accrued expenses | 15,394,368 | 15,459,406 | ||||||
| Accrued wages, salaries and bonuses | 7,082,586 | 6,745,698 | ||||||
| Current operating lease liabilities | 7,377,743 | 7,862,117 | ||||||
| Current maturities of long-term debt | 4,239,088 | 5,471,310 | ||||||
| Current mandatorily redeemable non-controlling interest | — | 7,020,895 | ||||||
| Total current liabilities | 111,618,008 | 112,091,781 | ||||||
| Credit facilities | 148,254,738 | 126,804,775 | ||||||
| Deferred income tax liability, net | 4,713,608 | 4,048,070 | ||||||
| Long-term operating lease liabilities | 20,096,037 | 22,845,456 | ||||||
| Long-term debt, less current maturities | 6,724,946 | 11,033,949 | ||||||
| Other long-term liabilities | 1,527,884 | 1,193,081 | ||||||
| Shareholders’ equity: | ||||||||
| Preferred stock, $.01 par value, 1,000,000 shares authorized | — | — | ||||||
| Common stock, $.01 par value, 3,000,000 shares authorized, 976,028 shares outstanding at September 2026 and 953,378 shares outstanding at September 2025 | 13,203 | 9,799 | ||||||
| Additional paid-in capital | 39,183,468 | 36,991,031 | ||||||
| Retained earnings | 110,182,460 | 108,475,842 | ||||||
| Treasury stock at cost | (32,405,258 | ) | (32,405,258 | ) | ||||
| Total shareholders’ equity | 116,973,873 | 113,071,414 | ||||||
| Total liabilities and shareholders’ equity | $ | 409,909,094 | $ | 391,088,526 | ||||
| 3 |
AMCON Distributing Company and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
| Fiscal Years Ended September | ||||||||
| 2026 | 2025 | |||||||
| Sales (including excise taxes of $598.7 million and $561.9 million, respectively) | $ | 3,123,380,227 | $ | 2,816,688,287 | ||||
| Cost of sales | 2,931,328,992 | 2,628,458,039 | ||||||
| Gross profit | 192,051,235 | 188,230,248 | ||||||
| Selling, general and administrative expenses | 170,285,580 | 165,839,583 | ||||||
| Depreciation and amortization | 9,747,871 | 9,835,200 | ||||||
| Operating expenses | 180,033,451 | 175,674,783 | ||||||
| Gain on sales of real estate | (1,796,723 | ) | — | |||||
| 178,236,728 | 175,674,783 | |||||||
| Operating income | 13,814,507 | 12,555,465 | ||||||
| Other expense (income): | ||||||||
| Interest expense | 9,912,339 | 10,443,571 | ||||||
| Change in fair value of mandatorily redeemable non-controlling interest | 438,240 | 877,409 | ||||||
| Other income, net | (256,361 | ) | (329,254 | ) | ||||
| 10,094,218 | 10,991,726 | |||||||
| Income from operations before income taxes | 3,720,289 | 1,563,739 | ||||||
| Income tax expense | 1,359,000 | 995,000 | ||||||
| Net income available to common shareholders | $ | 2,361,289 | $ | 568,739 | ||||
| Basic earnings per share available to common shareholders | $ | 2.54 | $ | 0.62 | ||||
| Diluted earnings per share available to common shareholders | $ | 2.52 | $ | 0.62 | ||||
| Basic weighted average shares outstanding | 929,320 | 919,748 | ||||||
| Diluted weighted average shares outstanding | 937,064 | 924,694 | ||||||
| Dividends paid per common share | $ | 0.67 | $ | 0.67 | ||||
| 4 |
AMCON Distributing Company and Subsidiaries
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
| Additional | ||||||||||||||||||||||||||||
| Common Stock | Treasury Stock | Paid-in | Retained | |||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | Capital | Earnings | Total | ||||||||||||||||||||||
| Balance, October 1, 2024 | 1,275,164 | $ | 9,648 | (329,656 | ) | $ | (31,272,163 | ) | $ | 34,439,735 | $ | 108,552,565 | $ | 111,729,785 | ||||||||||||||
| Dividends on common stock, $0.67 per share | — | — | — | — | — | (645,462 | ) | (645,462 | ) | |||||||||||||||||||
| Compensation expense and issuance of stock in connection with equity-based awards | 22,650 | 151 | — | — | 2,551,296 | — | 2,551,447 | |||||||||||||||||||||
| Repurchase of common stock | — | — | (14,780 | ) | (1,133,095 | ) | — | — | (1,133,095 | ) | ||||||||||||||||||
| Net income available to common shareholders | — | — | — | — | — | 568,739 | 568,739 | |||||||||||||||||||||
| Balance, September 30, 2025 | 1,297,814 | $ | 9,799 | (344,436 | ) | $ | (32,405,258 | ) | $ | 36,991,031 | $ | 108,475,842 | $ | 113,071,414 | ||||||||||||||
| Dividends on common stock, $0.67 per share | — | — | — | — | — | (654,671 | ) | (654,671 | ) | |||||||||||||||||||
| Compensation expense and issuance of stock in connection with equity-based awards | 22,650 | 151 | — | — | 2,195,690 | — | 2,195,841 | |||||||||||||||||||||
| Issuance of shares for stock split | — | 3,253 | — | — | (3,253 | ) | — | — | ||||||||||||||||||||
| Net income available to common shareholders | — | — | — | — | — | 2,361,289 | 2,361,289 | |||||||||||||||||||||
| Balance, September 30, 2026 | 1,320,464 | $ | 13,203 | (344,436 | ) | $ | (32,405,258 | ) | $ | 39,183,468 | $ | 110,182,460 | $ | 116,973,873 | ||||||||||||||
| 5 |
AMCON Distributing Company and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
| September | September | |||||||
| 2026 | 2025 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income available to common shareholders | $ | 2,361,289 | $ | 568,739 | ||||
| Adjustments to reconcile net income available to common shareholders to net cash flows from (used in) operating activities: | ||||||||
| Depreciation | 9,284,167 | 9,328,325 | ||||||
| Amortization | 463,704 | 506,875 | ||||||
| Gain on sales of real estate | (1,796,723 | ) | — | |||||
| Gain on sales of property and equipment | (111,282 | ) | (90,237 | ) | ||||
| Equity-based compensation | 2,195,841 | 2,551,447 | ||||||
| Deferred income taxes | 665,538 | (326,246 | ) | |||||
| Provision for credit losses | 52,000 | 53,549 | ||||||
| Inventory allowance | (57,093 | ) | (320,305 | ) | ||||
| Change in fair value of contingent consideration | — | (1,453,452 | ) | |||||
| Change in fair value of mandatorily redeemable non-controlling interest | 438,240 | 877,409 | ||||||
| Changes in assets and liabilities, net of effects of business combinations: | ||||||||
| Accounts receivable | (2,233,877 | ) | (2,579,336 | ) | ||||
| Inventories | (20,378,742 | ) | (5,703,098 | ) | ||||
| Prepaid expenses and other current assets | 990,650 | 616,232 | ||||||
| Other assets | (353,443 | ) | (278,800 | ) | ||||
| Accounts payable | 7,973,308 | 16,009,694 | ||||||
| Accrued expenses and accrued wages, salaries and bonuses | 247,101 | (1,949,997 | ) | |||||
| Other long-term liabilities | 334,803 | 278,968 | ||||||
| Income taxes payable and receivable | (59,654 | ) | 577,659 | |||||
| Net cash flows from (used in) operating activities | 15,827 | 18,667,426 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of property and equipment | (13,704,004 | ) | (9,003,396 | ) | ||||
| Proceeds from sales of real estate | 5,573,241 | — | ||||||
| Proceeds from sales of property and equipment | 246,195 | 113,214 | ||||||
| Acquisition of Arrowrock Supply | — | (6,131,527 | ) | |||||
| Net cash flows from (used in) investing activities | (7,884,568 | ) | (15,021,709 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Borrowings under revolving credit facilities | 2,921,715,651 | 2,588,656,781 | ||||||
| Repayments under revolving credit facilities | (2,900,265,688 | ) | (2,583,124,010 | ) | ||||
| Principal payments on long-term debt | (5,541,225 | ) | (5,260,092 | ) | ||||
| Repurchase of common stock | — | (1,133,095 | ) | |||||
| Dividends on common stock | (654,671 | ) | (645,462 | ) | ||||
| Redemption and distributions to non-controlling interest | (7,459,135 | ) | (2,068,014 | ) | ||||
| Net cash flows from (used in) financing activities | 7,794,932 | (3,573,892 | ) | |||||
| Net change in cash | (73,809 | ) | 71,825 | |||||
| Cash, beginning of period | 744,613 | 672,788 | ||||||
| Cash, end of period | $ | 670,804 | $ | 744,613 | ||||
| Supplemental disclosure of cash flow information: | ||||||||
| Cash paid during the period for interest, net of amounts capitalized | $ | 9,913,909 | $ | 10,522,689 | ||||
| Cash paid during the period for income taxes, net of refunds | 746,816 | 724,088 | ||||||
| Supplemental disclosure of non-cash information: | ||||||||
| Equipment acquisitions classified in accounts payable | $ | 59,944 | $ | 41,384 | ||||
| 6 |