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Jun 30, 2021
American Vanguard Q2 2021 Earnings Report
American Vanguard's financial performance improved in Q2 2021, with net sales and net income increasing.
Key Takeaways
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.
Net sales increased by 29% to $135 million compared to Q2 2020.
Net income increased by 32% to $5.1 million compared to Q2 2020.
Earnings per diluted share increased by 31% to $0.17 compared to Q2 2020.
The company executed a new $275 million Credit Facility agreement.
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
The Company maintains its previous outlook for 2021 with low double-digit revenue growth and comparatively stronger growth in both net income and EBITDA.
Positive Outlook
- Well positioned in both domestic and international markets.
- Assuming favorable market and pandemic trends.
- Low double-digit revenue growth expected.
- Comparatively stronger growth in both net income and EBITDA expected.
- Well-managed operating expenses should further strengthen our balance sheet.
Revenue & Expenses
Visualization of income flow from segment revenue to net income