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Sep 30, 2021
American Vanguard Q3 2021 Earnings Report
American Vanguard's financial performance improved with net sales and net income increasing in the third quarter of 2021.
Key Takeaways
American Vanguard reported strong third quarter results with a 25% increase in net sales and an 88% increase in net income compared to the same period last year. The company benefited from strong crop commodity prices, favorable weather, and pest pressure in the US, as well as international success in Central America, Brazil, and Australia.
Net sales increased by 25% to $147 million compared to $117 million in the third quarter of 2020.
Net income rose by 88% to $5.5 million compared to $2.9 million in the third quarter of 2020.
Earnings per diluted share reached $0.18, up from $0.10 in the third quarter of 2020.
EBITDA increased by 47% to $15.3 million compared to $10.4 million in the third quarter of 2020.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Vanguard expects strong sales, efficient manufacturing performance, and earnings in excess of those posted last year through the balance of the year and is on track with both inventory management and debt reduction.
Positive Outlook
- Strong sales expected through the balance of the year.
- Efficient manufacturing performance anticipated.
- Earnings expected to exceed those posted last year.
- On track with inventory management.
- On track with debt reduction.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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