Filing Flows › Amcon Distributing (DIT) › Q2 FY25
Amcon Distributing (DIT) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 18, 2025
Amcon Distributing (DIT) reported revenue of $620M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and -13% from the quarter before. Operating margin was 0.1%, net loss $1.6M (0.3% of revenue).
Amcon Distributing, Q2 FY25: revenue $620M (+3% year over year), operating margin 0.1%, net loss $1.6M, operating cash flow $34.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $620M | -13% | +3% |
| Operating profit | $462K | -91% | — |
| Net earnings | −$1.6M | -229% | — |
| Operating cash flow | $34.4M | — | -29% |
| Free cash flow | $31.4M | — | -25% |
What changed
Revenue was $619.5M in Q2 FY25, up 3% year over year and down 13% from the previous quarter. Cigarettes was the largest line at 60% of revenue. Tobacco added $7.0M year over year (up 6%), 40% of the total change.
Gross margin was 6.9%, down 0.1 points from a year earlier. Operating profit was $462K, a 0.1% margin (down 0.5 points year over year). Operating profit fell $2.9M even though revenue rose $17.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 3%. The quarter ended with a net loss of $1.6M, after a profit of $348K the previous quarter. Net interest and other expense of $2.5M was the main reason.
Operating cash flow was $34.4M (down 29% year over year). Non-cash charges added back $2.5M of depreciation and amortization and $638K of share-based compensation. Working capital and other items added $32.9M. Capital expenditures of $3.0M left free cash flow of $31.4M.
Questions
What was Amcon Distributing's revenue in the second quarter fiscal 2025?
Amcon Distributing (DIT) reported revenue of $620M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and -13% from the quarter before.
Was Amcon Distributing profitable in the second quarter fiscal 2025?
Operating profit was $462K (0.1% of revenue) and net loss $1.6M.
Source: Amcon Distributing 10-Q on SEC EDGAR.