American Vanguard Q1 2020 Earnings Report
Key Takeaways
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.
Net sales were $96.0 million, a decrease from $99.7 million in the first quarter of 2019.
Net income was $0.52 million, significantly lower than the $3.9 million reported in the same period last year.
Earnings per diluted share decreased to $0.02, compared to $0.13 in the first quarter of 2019.
The company's performance was not materially affected by the coronavirus during the first quarter.
American Vanguard
American Vanguard
American Vanguard Revenue by Segment
American Vanguard Revenue by Geographic Location
Forward Guidance
American Vanguard is unable to determine the longer-term effects of the pandemic but will endeavor to maximize results and are poised to perform in line with its peers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income