American Vanguard Earnings Reports

American Vanguard's Q4 2024 revenue was $169 million, a slight decline compared to $172 million in Q4 2023. Adjusted EBITDA decreased to $18 million from $22 million in the prior-year period. The company reduced its debt by $22 million and implemented asset impairment charges to optimize future operations.

American Vanguard reported a decrease in net sales to $118.3 million compared to $149.5 million in the third quarter of 2023. The company's EPS was $(0.92) compared to ($0.01) in the previous year. Despite these challenges, non-crop and green solutions businesses showed strong growth, and the company is making progress with its business transformation, expecting increased annual benefits.

American Vanguard reported Q2 2024 financial results with net sales of $128.2 million compared to $132.8 million in Q2 2023. The company experienced a loss per share of $(0.42) compared to $(0.04) in the same period last year. Profitability was reduced due to non-recurring charges, including severance compensation and business transformation expenses. The company is taking steps to enhance liquidity and improve its cost structure.

American Vanguard reported Q1 2024 results with net sales of $135 million, a 35% increase in adjusted EBITDA, and an 87% increase in operating income compared to Q1 2023. Growth was experienced across all three business segments. The company is adjusting its annual targets in light of concerns raised by USEPA and has voluntarily suspended sales of its herbicide Dacthal pending potential approval of a label.

American Vanguard reported a strong Q4 2023 with net sales of $172.2 million, a net income of $7.0 million, and earnings per diluted share of $0.25. The company's performance reflects a rebound from earlier challenges, driven by increased demand and effective operational strategies.

American Vanguard reported Q3 2023 financial results, showing net sales of $149.5 million, which is in line with the prior year. However, the company experienced a net loss of $325 thousand, a significant decrease compared to the net income of $6.7 million in Q3 2022. The company is implementing a transformation plan to improve future growth, operational efficiency, and profitability.

American Vanguard reported a decrease in net sales and net income for Q2 2023, which they attribute to a sharp drop in procurement activity across the global agriculture industry as distributors destocked inventory due to high interest rates. They also faced increased competition in Central America and Brazil. The company expects demand to improve in the second half of the year as growers prepare for the 2024 planting season.

American Vanguard reported a decrease in net sales and net income for Q1 2023 compared to Q1 2022, primarily due to supply chain disruptions and a glut of generic herbicides affecting domestic crop product sales. Despite the setback, the company reaffirms its double-digit full-year 2023 EBITDA growth target, anticipating stronger performance in the second half of the year.

American Vanguard reported strong FY 2022 results with net sales increasing by 9% and net income increasing by 47%. The company's U.S. Crop business saw increased sales, while the international business grew by 13%. The company is targeting increased net sales and consistent gross profit and operating expense performance for 2023.

American Vanguard reported strong Q3 2022 results, with net sales reaching $152 million, a 3.4% increase compared to Q3 2021. Net income increased by 21.8% to $6.7 million, and earnings per diluted share rose by 27.8% to $0.23. The company's performance was driven by growth in the US Crop business and strong international sales, particularly in Brazil and Mexico.

American Vanguard reported strong Q2 2022 results, with net sales increasing to $148 million and net income rising to $6.8 million. The company benefited from favorable agricultural market conditions and strong demand for its products, both domestically and internationally. They are optimistic about meeting or exceeding their previously announced performance targets for FY 2022.

American Vanguard reported a strong start to 2022, with net sales up 29% and net income up 224% compared to the first quarter of 2021. The company's performance was driven by higher commodity prices, increased demand for crop protection solutions, and a focus on profitability through pricing actions and expense management.

American Vanguard reported a successful year in 2021 with increased net sales, operating income and EBITDA despite challenges from COVID-19, supply chain issues and inflation. Net sales for Q4 2021 were $159 million compared to $141 million in Q4 2020. The company anticipates revenue growth of 8-11% in 2022.

American Vanguard reported strong third quarter results with a 25% increase in net sales and an 88% increase in net income compared to the same period last year. The company benefited from strong crop commodity prices, favorable weather, and pest pressure in the US, as well as international success in Central America, Brazil, and Australia.

American Vanguard reported a strong second quarter with a 29% increase in net sales and a 32% increase in net income compared to the same period last year. The company also successfully integrated its non-crop business and completed the integration of AgNova into its Australian business. Furthermore, they negotiated a new credit facility to support future growth.

American Vanguard reported a strong start to 2021 with significant improvements in both net sales and net income compared to the prior year. Net sales increased by 21% to $116 million, and net income rose to $3.07 million, six times higher than the previous year. The company benefited from higher commodity prices, steady demand for mosquito control products, and international expansion.

American Vanguard reported increased net sales and net income for Q4 2020, driven by strong performance in the U.S. crop segment and overall financial discipline despite challenges posed by the COVID-19 pandemic.

American Vanguard reported third quarter results with net sales of $117 million and net income of $2.9 million. Earnings per diluted share were $0.10. The company maintained tight control over operating expenses and benefited from lower interest and tax expenses.

American Vanguard reported Q2 2020 financial results with net sales of $105 million, net income of $3.9 million, and earnings per diluted share of $0.13. The company improved profitability despite lower sales, influenced by pandemic-related effects. They also improved net cash from operations by $32 million and thereby reduced debt, as compared to the same period in 2019.

American Vanguard reported a decrease in net sales, net income, and earnings per share for the first quarter of 2020 compared to the same period in 2019. Net sales decreased by 4% due to lower international sales, while domestic sales remained flat. Despite the decline, the company exceeded breakeven expectations.

American Vanguard reported fourth quarter 2019 financial results with net sales of $131 million and net income of $3.4 million, compared to $131 million and $7.4 million respectively in the fourth quarter of 2018. The company's international business drove revenue growth, offsetting weather-related declines in domestic sales. The company is targeting global revenues to grow at a low double-digit rate in 2020.