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Jun 30, 2022
American Vanguard Q2 2022 Earnings Report
Reported an increase in net sales and net income compared to the same quarter last year.
Key Takeaways
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.
Net sales increased to $148 million, up from $135 million in the same quarter last year.
Net income reached $6.8 million, compared to $5.1 million in the prior year's quarter.
Earnings per diluted share rose to $0.23, an increase from $0.17 in the second quarter of 2021.
Adjusted EBITDA increased to $19.7 million, compared to $16.5 million in the prior year's quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is optimistic about meeting or exceeding its previously announced performance targets for FY 2022.
Positive Outlook
- Revenue growth between 8% and 11%
- Gross profit margins of 38-40% of net sales
- Operating expenses within the range of 31-33% of net sales
- Year-over-year net income increase of between 60% and 70%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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