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Jun 30, 2020
American Vanguard Q2 2020 Earnings Report
American Vanguard reported improved profitability despite lower sales, influenced by pandemic-related effects, while also improving net income, earnings per share, and EBITDA.
Key Takeaways
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.
Net sales decreased to $105 million from $113 million in the same quarter of the previous year.
Net income increased to $3.9 million from $3.1 million in the prior year's quarter.
Earnings per diluted share rose to $0.13, compared to $0.11 in the second quarter of 2019.
EBITDA increased to $12.7 million from $11.9 million in the prior year's quarter.
American Vanguard
American Vanguard
American Vanguard Revenue by Segment
American Vanguard Revenue by Geographic Location
Revenue by Segment
U.S. crop Revenue
CapyFin.comU.S. non-crop Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
American Vanguard is well-positioned to address its markets over the balance of 2020 and remains poised to perform in line with its peers.
Positive Outlook
- Mosquito control business should benefit from forecasted hurricane activity.
- Strength of soil fumigants.
- Improved supply of Krovar® and Hyvar® herbicides.
- Growth of corn and soybean franchises.
- Development and launch of new product formulations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income