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AMCON Distributing Company Reports Results for the Quarter Ended December 31, 2024; Completes Acquisition of Arrowrock Supply

OMAHA, Neb.--(BUSINESS WIRE)-- AMCON Distributing Company (鈥淎MCON鈥� or 鈥渢he Company鈥�) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $0.57 on net income available to common shareholders of $0.3 million for its first fiscal quarter ended December 31, 2024.

鈥淎s the third largest Convenience Distributor in the United States measured by territory covered, AMCON is well positioned with the operational infrastructure necessary to advance the strategic plans of our growing retail partner base. AMCON鈥檚 long-standing core operating philosophy is to provide a superior level of customer service. Our customer-centric approach is particularly helpful in challenging weather conditions as we ensure that AMCON鈥檚 retail partners received a consistent and timely flow of goods and services,鈥� said Christopher H. Atayan, AMCON鈥檚 Chairman and Chief Executive Officer. He further noted, 鈥淲e continue to actively seek strategic acquisition opportunities for Convenience and Foodservice Distributors, and their families, who want to align with our customer focused approach philosophy and further the legacy of their enterprises.鈥�

鈥淔oodservice through our 贬别苍谤测鈥檚 Foods (鈥湵岜鸩园�测鈥檚鈥�) subsidiary continues to be a strategic focus. 贬别苍谤测鈥檚 offers a breadth and depth of proprietary foodservice programs and associated store level merchandising that is unparalleled in the convenience distribution industry. We now have the capability to offer turn-key solutions that will enable our retail partners the ability to compete head-on with the Quick Service Restaurant industry,鈥� said Andrew C. Plummer, AMCON鈥檚 President and Chief Operating Officer. Mr. Plummer continued, 鈥淚n particular, we now have integrated state of the art advertising, design, print and electronic display programs that we believe provide our customers a competitive edge.鈥�

鈥淲e continue our relentless daily focus on managing the Company鈥檚 balance sheet and maximizing our liquidity position. At December 31, 2024, our shareholders鈥� equity was $112.4 million,鈥� said Charles J. Schmaderer, AMCON鈥檚 Chief Financial Officer. Mr. Schmaderer also added, 鈥淲e are investing capital to develop our recently acquired 250,000 square foot distribution facility in Colorado City, Colorado, which will support our customers鈥� growth initiatives in the Intermountain Region. In addition, we successfully closed the previously announced acquisition of the assets of Arrowrock Supply of Boise, Idaho.鈥�

AMCON, and its subsidiaries Team Sledd, LLC and 贬别苍谤测鈥檚 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 with distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, 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鈥檚 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.

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For Further Information Contact:

Charles J. Schmaderer

AMCON Distributing Company

Ph 402-331-3727

Source: AMCON Distributing Company