Filing Flows › Amcon Distributing (DIT) › Q4 FY24
Amcon Distributing (DIT) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 8, 2024
Amcon Distributing (DIT) reported revenue of $746M for the fourth quarter fiscal 2024 (Q4 FY24), +8% from a year earlier and +4% from the quarter before. Operating margin was 0.7%, net earnings $1.2M (0.2% of revenue).
Amcon Distributing, Q4 FY24: revenue $746M (+8% year over year), operating margin 0.7%, net earnings $1.2M, operating cash flow $41.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $746M | +4% | +8% |
| Gross profit | $48.8M | +2% | +2% |
| Operating profit | $5.2M | -8% | -28% |
| Net earnings | $1.2M | -17% | -58% |
| Operating cash flow | $41.0M | — | +301% |
| Free cash flow | $37.4M | — | +590% |
What changed
Revenue was $746.3M in Q4 FY24, up 8% year over year and up 4% from the previous quarter. Cigarettes was the largest line at 62% of revenue.
Gross margin was 6.5%, down 0.4 points from a year earlier. Operating profit was $5.2M, a 0.7% margin (down 0.3 points year over year). Operating profit fell $2.0M even though revenue rose $53.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 8%. Net earnings were $1.2M, down 58% year over year. The effective tax rate was 39.1%.
Operating cash flow was $41.0M (up 301% year over year), 3316% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $640K of share-based compensation. Working capital and other items added $36.6M. Capital expenditures of $3.6M left free cash flow of $37.4M.
Questions
What was Amcon Distributing's revenue in the fourth quarter fiscal 2024?
Amcon Distributing (DIT) reported revenue of $746M for the fourth quarter fiscal 2024 (Q4 FY24), +8% from a year earlier and +4% from the quarter before.
Was Amcon Distributing profitable in the fourth quarter fiscal 2024?
Operating profit was $5.2M (0.7% of revenue) and net earnings $1.2M.
Source: Amcon Distributing 10-K on SEC EDGAR.