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Dec 31, 2021
American Vanguard Q4 2021 Earnings Report
American Vanguard reported fourth quarter and full year 2021 results.
Key Takeaways
American Vanguard reported a successful year in 2021 with increased net sales, operating income and EBITDA despite challenges from COVID-19, supply chain issues and inflation. Net sales for Q4 2021 were $159 million compared to $141 million in Q4 2020. The company anticipates revenue growth of 8-11% in 2022.
Net sales for Q4 2021 reached $159 million, up from $141 million in Q4 2020.
Operating income for Q4 2021 was $9.4 million, compared to $10.1 million in Q4 2020.
EBITDA for Q4 2021 was $14.8 million, down from $17.1 million in Q4 2020.
The board of directors approved a program for the repurchase of up to one million shares of common stock.
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
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company is currently optimistic about the prospects for 8-11% revenue growth in 2022 and are targeting gross profit margins to remain strong (38 to 40% of net sales), net income to increase by 60-70% and operating expenses to be between 31% and 33% of net sales.
Positive Outlook
- Revenue growth of 8-11% is expected in 2022.
- Gross profit margins are targeted to remain strong at 38-40% of net sales.
- Net income is projected to increase by 60-70%.
- Operating expenses are expected to be between 31-33% of net sales.
- The company will continue to develop key strategic growth initiatives in Green Solutions and SIMPAS/Ultimus technologies.
Revenue & Expenses
Visualization of income flow from segment revenue to net income