logo
  Join        Login             Stock Quote

AMCON Distributing (DIT) 1Q Earnings Rise 2.4 Pct On Higher Sales

 January 18, 2013 04:29 PM


(By Balaseshan) AMCON Distributing Co. (NYSEAMEX: DIT), which engages in the wholesale distribution of consumer products, reported a 2.4% increase in quarterly earnings helped by a 6.6% growth in sales.

Earnings for the first quarter were $1.40 million or $1.90 per share, up from $1.37 million or $1.83 per share last year.

Sales increased to $302.22 million from $283.56 million.

In the previous fourth quarter, the company posted earnings of $3.33 per share on sales of $307.66 million.

Gross margin for the first quarter declined to 6.4% from 6.6% in the comparable quarter last year.

Selling, general and administrative expenses rose 3.2% to $15.85 million.

At December 31, 2012, shareholders' equity was $48.8 million and consolidated debt was $36.3 million.

"We continue to make investments in foodservice and information technology as a key component of our program development," said Kathleen Evans, President of AMCON's wholesale distribution segment.

DIT closed Friday's regular session down 0.28% at $71.80. The stock has been trading between $56.21 and $73.64 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageReversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of read on...

article imageJobless Claims Fall To 15-Year Low

After reading today’s weekly update on jobless claims the Fed’s comment yesterday that “economic activity read on...

article imageGreece, EMU and Democracy

One more post on Greece, possibly not the last read on...

article imageA Tangled Tale Of Rate Hikes & Inflation Expectations

The Federal Reserve continues to signal that it will start raising interest rates later this year, read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Recent Articles by Balaseshan
More Articles on: Retail/Wholesale



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.