Loading...
•
Mar 31, 2021
American Vanguard Q1 2021 Earnings Report
Reported improved first quarter results driven by higher commodity prices and international expansion.
Key Takeaways
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.
Net sales increased to $116 million, a 21% increase compared to Q1 2020.
Net income rose to $3.07 million, significantly higher than the $0.52 million reported in the same quarter last year.
Earnings per diluted share reached $0.10, compared to $0.02 in the first quarter of 2020.
The company is focusing on balance sheet integrity, controlling inventory levels, and managing operating expenses.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Vanguard expects a low double-digit increase in net sales and stronger growth in net income over the course of 2021.
Positive Outlook
- Expects a low double-digit increase in net sales
- Anticipates stronger growth in net income
- Will provide additional details on market conditions during the upcoming earnings call
- Will provide additional details on profitability during the upcoming earnings call
- Will provide additional details on working capital considerations during the upcoming earnings call
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...