AMCON Distributing Company reported diluted earnings per share of $0.57 for its first fiscal quarter ended December 31, 2024. Net income available to common shareholders was $0.3 million, a decrease from $1.1 million in the prior year's quarter.
Consolidated sales for the quarter increased by 10.3% to $711.3 million from $645.0 million in Q1 fiscal 2024. However, operating income decreased by 4.0% to $3.7 million, reflecting ongoing cost pressures.
Cash flows from operating activities were negative $39.9 million, a significant decline from positive $5.0 million in the comparable prior-year period. The company also confirmed the successful closure of its previously announced acquisition of Arrowrock Supply of Boise, Idaho, during the quarter. AMCON continues to invest in its 250,000 square foot distribution facility in Colorado City, Colorado, to support regional growth.
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