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Dec 31, 2020
American Vanguard Q4 2020 Earnings Report
American Vanguard's Q4 2020 performance was marked by increased net sales and net income compared to the previous year.
Key Takeaways
American Vanguard reported increased net sales and net income for Q4 2020, driven by strong performance in the U.S. crop segment and overall financial discipline despite challenges posed by the COVID-19 pandemic.
Net sales increased to $141 million in 2020 from $131 million in 2019.
Net income rose to $7.9 million in 2020, up from $3.4 million in 2019.
Earnings per diluted share increased to $0.26 in 2020 from $0.12 in 2019.
EBITDA increased to $17.1 million in 2020 from $12.0 million in 2019.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Vanguard anticipates low double-digit revenue growth in 2021, driven by global economic reopening, higher commodity prices, larger corn acreage in the U.S., steady supply availability, increased soybean segment participation, and international business expansion. Gross profit margins are expected to remain strong with tight operating expense management as operations normalize.
Positive Outlook
- Global economies are poised to start re-opening.
- Higher commodity prices will encourage crop protection procurement.
- Expectation of larger corn acreage in the U.S.
- Continued steady supply availability of key raw and intermediate materials.
- Greater AMVAC product participation in the soybean segment.
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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