Foodservice

Amcon Distributing boosts Q3 2021 sales, earnings

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July 19, 2021

Amcon Distributing Co. an Omaha, Nebraska-based consumer products company, reported sales rose from $396.8 million in Q3 2020 to $438.3 million in the three months ending in June 30, 2021, according to a press release.

Net income to common shareholders rose from $1.6 million in Q3 2020 to $3.78 million in Q3 2021.

Fully diluted earnings per share rose from $2.77 to $6.48 for the comparative quarters, while basic earnings per share to common shareholders rose from $2.79 to $6.99.

"We are pleased with our results for the third fiscal quarter. 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," Christopher Atayan, chairman and CEO, said in the release.

Shares traded today at $153.08 against a 52-week range of $183.64 - $56.16.

The company declared an 18 cents per share quarterly dividend, payable to shareholders of record May 7.