Amcon Distributing Company (Amcon), a wholesale distributor of consumer products, has reported sales of $243.94m for the first fiscal quarter ended December 31, 2009, compared to $217.38m for the same period in 2008.
The company has posted a net income of $1.73m for the first fiscal quarter 2009, compared to $1.3m for the comparable period in 2008. Operating income was $3.06m for the first quarter of 2009, compared to $2.74m for the comparable period in 2008.
Christopher Atayan, chairman and CEO of Amcon, said: “This was a very solid quarter as both of our business segments performed well. Additionally, our recently announced acquisition in Northwest Arkansas is meeting our expectations.
“Our pursuit of superior customer service is the foundation of our focused business strategy. In a difficult economy, we believe that our management emphasis on fundamentals serves both our customers and shareholders well. We were particularly pleased that we were able to maintain deliveries during the recent spate of severe weather.”
Will Amcon continue growth in sales in Q2?
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