Amcon Distributing Co. (NYSE American: DIT), an Omaha, NE-based consumer products company, announce fully diluted earnings per share of $6.48 on net income available to common shareholders of $3.7 million for its third fiscal quarter, ended June 30, 2021.
“We are pleased with our results for the third fiscal quarter," said Christopher H. Atayan, Amcon’s chairman and chief executive. "Our management team and associates’ central focus is on delivering a consistent level of high-quality service to our customers in this challenging economic environment,”
The chief executive said Amcon continues to seek out acquisition opportunities for convenience and foodservice distributors.
Amcon's wholesale distribution segment reported revenues of $426.6 million and operating income of $6.3 million for the third quarter of fiscal 2021. The retail health food segment reported revenues of $11.7 million and operating income of $0.6 million the quarter.
“Ongoing supply chain disruptions at consumer packaged goods companies have impacted product availability across all markets including the convenience distribution industry in which our company operates," said Amcon president and chief operating officer Andrew C. Plummer.
"Additionally, the United States is experiencing an acute workforce shortage which has created a hyper-competitive wage environment which has impacted the company’s operations," he added.