Amcon Distributing Company (DIT) 2016年年度报告「NYSE」.pdf

1、2016ANNUAL REPORTOUR FOOTPRINTAMCON Warehouse LocationsAkinsChamberlinsAMCON Warehouse Locations&AkinsLincoln,NebraskaOmaha,NebraskaOklahoma City,Oklahoma(2)Rogers,ArkansasSpringfield,MissouriTopeka,KansasTulsa,Oklahoma(3)Bismarck,North DakotaCrossville,TennesseeOmaha,NebraskaQuincy,IllinoisRapid Ci

2、ty,South DakotaSpringfield,MissouriAltamonte Springs,FloridaKissimmee,FloridaLakeland,FloridaOrlando,FloridaOviedo,FloridaEast Orlando,FloridaLETTER TO SHAREHOLDERSLADIES AND GENTLEMEN,We are pleased to report earnings of$5.8 million,or$8.38 per diluted common share for the fiscal year ended Septemb

3、er 30,2016.Our fully diluted shareholders equity per share rose to$96.03.AMCONs management team and associates achieved these financial measures by implementing a focused strategic plan centered on short,medium,and long-term objectives.The overall objective of our strategic plan is to increase share

4、holder value over the long term in a conservative,low risk fashion.SHORT TERMIn the short term,which we roughly define as up to six months,our strategic objective is to maximize balance sheet liquidity.Working capital management is a core competency of AMCON as management believes this to be a criti

5、cal element of success in the distribution industry.Our commitment to excellence in operations,logistics,financial reporting,and cash management are all done with a keen eye to enhancing our liquidity position.The business segments in which we operate are management intensive and require careful att

6、ention to detail on a continuous basis.We turned our inventory twenty-two times in fiscal 2016 while maintaining high levels of availability on our credit line.During the year we undertook a thorough exploration of our strategic alternatives with respect to our retail health food segment.As a result