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Sep 30, 2022
American Vanguard Q3 2022 Earnings Report
Reported a 3.4% increase in net sales, a 21.8% increase in net income, and a 27.8% increase in earnings per diluted share for the third quarter of 2022.
Key Takeaways
American Vanguard reported strong Q3 2022 results, with net sales reaching $152 million, a 3.4% increase compared to Q3 2021. Net income increased by 21.8% to $6.7 million, and earnings per diluted share rose by 27.8% to $0.23. The company's performance was driven by growth in the US Crop business and strong international sales, particularly in Brazil and Mexico.
Net sales increased by 3.4% to $152 million compared to Q3 2021.
Net income increased by 21.8% to $6.7 million compared to Q3 2021.
Earnings per diluted share increased by 27.8% to $0.23 compared to Q3 2021.
Adjusted EBITDA increased by 11.2% to $18.9 million compared to Q3 2021.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Vanguard expects significant year-end debt reduction and a full-year adjusted EBITDA of approximately $80 million or 13% of expected sales. The company continues to pursue strategic growth initiatives to expand its core business and develop new technologies.
Positive Outlook
- Expects significant year-end debt reduction
- Full-year adjusted EBITDA of approximately $80 million
- Strategic growth initiatives to expand core business
- Development of new technologies
- Alliance with NewLeaf Symbiotics to complement biological portfolio
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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