American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection. It also markets, sells, and distributes end-use chemical and biological products for crop applications; and distributes chemicals for turf and ornamental markets. The company distributes its products through national distribution companies, and buying groups or co-operatives; and through sales offices, sales force executives, sales agents, and wholly owned distributors. American Vanguard Corporation was incorporated in 1969 and is headquartered in Newport Beach, California.
IPO Year: 1998
Exchange: NYSE
Website: american-vanguard.com
Date | Price Target | Rating | Analyst |
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7/22/2024 | $14.00 | Buy | Lake Street |
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Reiterating full-year 2024 Adj. EBITDA guidance Non-Crop Revenues Grew 17%; Green Solutions Revenues Grew 18% Y/o/Y Business transformation continues to accelerate, raising expected annual benefit to $20 million Company reduced debt by $32.5 million American Vanguard® Company, a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop protection and nutrition, turf and ornamental management and commercial pest control, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Highlights – versus Third Quarter 2023: Net sales of $118.3 million ($130.7 millio
American Vanguard® Company announced today that it will report financial results for the third quarter ending September 30, 2024 on Monday, November 11 at 4:30 pm ET/ 1:30 pm PT. Tim Donnelly, Acting CEO, David T. Johnson, VP & CFO, and Mark Bassett, Member of the Board of Directors, will conduct the conference call. The conference call will be webcast on the Company's website at www.american-vanguard.com or by going to the following link: https://www.webcaster4.com/Webcast/Page/3070/51481 If you are unable to listen live, the conference call will be archived for one year and may be accessed using the company's website: www.american-vanguard.com/investors About American Vanguard America
Office of the CEO Kickstarts Liquidity and Transformation Initiatives New Credit Agreement Bolsters Working Capital Needs American Vanguard Corporation (NYSE:AVD) today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights – versus Second Quarter 2023: Net sales of $128.2 million v. $132.8 million Adjusted EBITDA1 of $6.2 million v. $10.7 million Earnings per share of $(0.42) v. $(0.04) First Half of 2024 Financial Highlights – versus First Half of 2023: Net sales of $263.4 million v. $257.7 million Adjusted EBITDA of $21.7 million v. $22.2 million Earnings per diluted share of $(0.36) v. $0.03 "In the
American Vanguard Corporation (NYSE:AVD), today announced that it will report financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024, after the close of the stock market. Tim Donelly, Acting CEO, David T. Johnson, VP, CFO and Treasurer, and Mark Bassett, Director will conduct a conference call focusing on operating performance and financial results at 4:30 pm ET / 1:30 pm PT on August 8, 2024. Interested parties may participate in the call by dialing 201-493-6744, please dial in 10 minutes before the scheduled starting time and ask for the American Vanguard call. The conference call will also be webcast live via the News and Media section of the Compan
American Vanguard Corporation (NYSE:AVD) announced that its Board of Directors has declared a cash dividend in the amount of $0.03 per share of the company's common stock to shareholders of record as of June 26, 2024, for distribution on July 10, 2024. Chairman and CEO Eric W. Wintemute commented, "We remain committed to returning cash to shareholders through our dividend. This payment reflects the Board of Directors' confidence in our core business, our overall financial strength, and the substantial growth prospects that we maintain within our portfolio. We appreciate the support of our shareholders, as we develop and deliver important solutions that enhance agricultural productivity, s
Adjusted EBITDA up 35%, Operating Income up 87% American Vanguard Corporation (NYSE:AVD) today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights – versus First Quarter 2023: Net sales of $135 million vs. $125 million Adjusted EBITDA1 of $15.5 million vs. $11.5 million Operating Income of $6.1 million vs. $3.3 million Net income of $1.6 million vs. $1.9 million Earnings per diluted share of $0.06 vs. $0.07 Eric Wintemute, Chairman and CEO of American Vanguard, stated: "We attained improved operating leverage with a significant increase in adjusted EBITDA and operating income, during the first quarter as compa
American Vanguard Corporation (NYSE:AVD), today announced that it will report financial results for the first quarter ended March 31, 2024, on Thursday, May 9, 2024, after the close of the stock market. Eric Wintemute, Chairman & CEO, David T. Johnson, VP & CFO, and Bob Trogele, EVP & COO, will conduct a conference call focusing on operating performance and financial results at 4:15 pm ET / 1:15 pm PT on May 9, 2024. Interested parties may participate in the call by dialing 201-493-6744, please dial in 10 minutes before the scheduled starting time and ask for the American Vanguard call. The conference call will also be webcast live via the News and Media section of the Company's web sit
Sets $15MM Adjusted EBITDA Gain as Transformation Target American Vanguard Corporation (NYSE:AVD) today announced financial results for the fourth quarter and full year ended December 31, 2023. Fiscal 2023 Fourth Quarter Financial Highlights – versus Fiscal 2022 Fourth Quarter: Net sales were $172.2 million in 2023, compared to $159.5 million in 2022 Net income was $7.0 million in 2023, compared to $3.9 million in 2022 Earnings per diluted share of $0.25 in 2023, compared to $0.13 in 2022 Adjusted EBITDA1 of $21 million in 2023, compared to $12 million in 2022 Fiscal 2023 Full Year Financial Highlights – versus Fiscal 2022 Full Year: Net sales were $579 million in 2023
American Vanguard Corporation (NYSE:AVD), today announced that it will report financial results for the fourth quarter ended December 31, 2023, on Thursday, March 14, 2024, after the close of the stock market. Eric Wintemute, Chairman & CEO, and David T. Johnson, CFO, will conduct a conference call focusing on operating performance and financial results at 5 pm ET / 2 pm PT on March 14, 2024. Interested parties may participate in the call by dialing 201-493-6744, please dial in 10 minutes before the scheduled starting time and ask for the American Vanguard call. The conference call will also be webcast live via the News and Media section of the Company's web site at www.american-vanguar
American Vanguard Corporation (NYSE:AVD) announced that its Board of Directors has declared a cash dividend in the amount of $0.03 per share of the company's common stock to shareholders of record as of March 27, 2024, for distribution on April 10, 2024. Chairman and CEO Eric W. Wintemute commented, "This dividend payment continues our history of providing cash returns to shareholders reflecting the confidence that the Board of Directors has in our core business, our overall financial strength, and the substantial prospects of our strategic growth initiatives. We appreciate the continuing support of our shareholders, as we develop and deliver important solutions that enhance agricultural
Lake Street initiated coverage of American Vanguard with a rating of Buy and set a new price target of $14.00
Reiterating full-year 2024 Adj. EBITDA guidance Non-Crop Revenues Grew 17%; Green Solutions Revenues Grew 18% Y/o/Y Business transformation continues to accelerate, raising expected annual benefit to $20 million Company reduced debt by $32.5 million American Vanguard® Company, a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop protection and nutrition, turf and ornamental management and commercial pest control, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Highlights – versus Third Quarter 2023: Net sales of $118.3 million ($130.7 millio
American Vanguard® Company announced today that it will report financial results for the third quarter ending September 30, 2024 on Monday, November 11 at 4:30 pm ET/ 1:30 pm PT. Tim Donnelly, Acting CEO, David T. Johnson, VP & CFO, and Mark Bassett, Member of the Board of Directors, will conduct the conference call. The conference call will be webcast on the Company's website at www.american-vanguard.com or by going to the following link: https://www.webcaster4.com/Webcast/Page/3070/51481 If you are unable to listen live, the conference call will be archived for one year and may be accessed using the company's website: www.american-vanguard.com/investors About American Vanguard America
Product Was Suspended by EPA Based on One Rodent Study American Vanguard Corporation (NYSE:AVD) today announced that, following its decision in April 2024 to voluntarily stop sales of Dacthal herbicide products, the Company has submitted to the Environmental Protection Agency ("EPA") voluntary cancellation requests for all of its federal registrations of those products. Those registrations are currently the subject of an emergency suspension order that was issued by EPA on August 6, 2024. In connection with its action, the Company made the following statements. While the Company continues to question EPA's conclusions in support of the suspension, we believe that the best course of ac
Office of the CEO Kickstarts Liquidity and Transformation Initiatives New Credit Agreement Bolsters Working Capital Needs American Vanguard Corporation (NYSE:AVD) today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights – versus Second Quarter 2023: Net sales of $128.2 million v. $132.8 million Adjusted EBITDA1 of $6.2 million v. $10.7 million Earnings per share of $(0.42) v. $(0.04) First Half of 2024 Financial Highlights – versus First Half of 2023: Net sales of $263.4 million v. $257.7 million Adjusted EBITDA of $21.7 million v. $22.2 million Earnings per diluted share of $(0.36) v. $0.03 "In the
American Vanguard Corporation (NYSE:AVD), today announced that it will report financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024, after the close of the stock market. Tim Donelly, Acting CEO, David T. Johnson, VP, CFO and Treasurer, and Mark Bassett, Director will conduct a conference call focusing on operating performance and financial results at 4:30 pm ET / 1:30 pm PT on August 8, 2024. Interested parties may participate in the call by dialing 201-493-6744, please dial in 10 minutes before the scheduled starting time and ask for the American Vanguard call. The conference call will also be webcast live via the News and Media section of the Compan
American Vanguard Corporation (NYSE:AVD) today reported that its Chairman and Chief Executive Officer, Eric G. Wintemute, concluded his position as CEO, effective July 12, 2024. The terms of his departure are set forth in the Transition Agreement dated July 3, 2024. Going forward, Mr. Wintemute will continue to serve as Chairman of the Board and will provide consulting services to the Company on a part-time basis, if needed. Speaking for the Company's Board of Directors, Lead Director, Scott Baskin stated, "In light of our recent performance, it is necessary to move more boldly and urgently to improve financial performance and transform the Company. To that end, we are establishing an Off
Search for Successor Underway American Vanguard Corporation (NYSE:AVD) today reported that its Chairman and Chief Executive Officer, Eric G. Wintemute, has presented to the board his plan to retire from his position as CEO. The terms of his retirement are set forth in a Transition Agreement under which Mr. Wintemute will participate in the search for his successor being conducted by the global executive search firm, Kincannon & Reed, and retire upon the successor's appointment but no later than December 31, 2024. Mr. Wintemute will continue to serve as Chairman of the Board and, post-retirement, will provide consulting services to the company on a part-time basis. Mr. Wintemute joined the
American Vanguard Corporation (NYSE:AVD) today announced voting results from its Annual Meeting of Stockholders held on June 6, 2024. As to the first of three initiatives, the nine director nominees named in the proxy received more votes "for" than "against"; those persons are, Marisol Angelini, Scott Baskin, Mark Bassett, Debra Edwards, Emer Gunter, Patrick Gottschalk, Steven Macicek, Keith Rosenbloom and Eric Wintemute. They will serve as directors until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. In addition, the balance of the initiatives appearing on the Company's proxy passed, namely, the ratification of the appointment of Deloitte
American Vanguard Corporation (NYSE:AVD) announced that its Board of Directors has declared a cash dividend in the amount of $0.03 per share of the company's common stock to shareholders of record as of June 26, 2024, for distribution on July 10, 2024. Chairman and CEO Eric W. Wintemute commented, "We remain committed to returning cash to shareholders through our dividend. This payment reflects the Board of Directors' confidence in our core business, our overall financial strength, and the substantial growth prospects that we maintain within our portfolio. We appreciate the support of our shareholders, as we develop and deliver important solutions that enhance agricultural productivity, s
American Vanguard Corporation (NYSE:AVD) today announced that, after 35 years in the agrochemical industry, Executive Vice President & Chief Operating Officer, Bob Trogele, will be retiring effective May 31, 2024. Mr. Trogele joined the company's principal operating subsidiary, AMVAC, in January 2015 to focus on growing the business across multiple product lines and geographies, achieving greater profitability, and establishing a pipeline of future opportunities through innovation and strategic relationships. Chairman & CEO, Eric G. Wintemute stated, "Bob's tenure at AMVAC has been marked by remarkable achievements and steadfast dedication. His vision and expertise have been instrumental
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American Vanguard Corporation (NYSE:AVD) today announced voting results from its Annual Meeting of Stockholders held on June 6, 2024. As to the first of three initiatives, the nine director nominees named in the proxy received more votes "for" than "against"; those persons are, Marisol Angelini, Scott Baskin, Mark Bassett, Debra Edwards, Emer Gunter, Patrick Gottschalk, Steven Macicek, Keith Rosenbloom and Eric Wintemute. They will serve as directors until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. In addition, the balance of the initiatives appearing on the Company's proxy passed, namely, the ratification of the appointment of Deloitte
American Vanguard Corporation (NYSE:AVD) today announced that, after 35 years in the agrochemical industry, Executive Vice President & Chief Operating Officer, Bob Trogele, will be retiring effective May 31, 2024. Mr. Trogele joined the company's principal operating subsidiary, AMVAC, in January 2015 to focus on growing the business across multiple product lines and geographies, achieving greater profitability, and establishing a pipeline of future opportunities through innovation and strategic relationships. Chairman & CEO, Eric G. Wintemute stated, "Bob's tenure at AMVAC has been marked by remarkable achievements and steadfast dedication. His vision and expertise have been instrumental
American Vanguard Corporation (NYSE:AVD) announced that Mort Erlich, who has served on the company's board of directors since October 2013, has expressed his intention to retire effective as of the filing of the Form 10-K for the period ended December 31, 2023. Mr. Erlich joined American Vanguard after a 34-year career with KPMG LLP and has served as the Chair of the company's Audit Committee, as well as a member of both the Compensation Committee and Nominating & Corporate Governance Committee. In light of Mr. Erlich's retirement, the company's board has appointed Steven Macicek to succeed Mr. Erlich as Chair of its Audit Committee. Mr. Macicek formerly served as Global Client Services P
NEW YORK, Sept. 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600 indices: Veralto Corp. (NYSE:VLTO) will be added to the S&P 500 effective prior to the open of trading on Monday, October 2, replacing DXC Technology Co. (NYSE:DXC) which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 3. DXC Technologies will replace Ebix Inc. (NASD: EBIX) in the S&P SmallCap 600 also effective prior to the open of trading on October 3. S&P 500 &100 constituent Danaher Corp. (NYSE:DHR) is spinning off Veralto in a transaction expected to be completed on October 2. Followin
Declares Quarterly Dividend American Vanguard Corporation (NYSE:AVD) announced voting results from its Annual Meeting of Stockholders held on June 7, 2023. As to the first of three initiatives, all nine director nominees - Marisol Angelini, Scott D. Baskin, Mark R. Bassett, Debra F. Edwards, Morton D. Erlich, Emer Gunter, Patrick E. Gottschalk, Keith M. Rosenbloom and Eric G. Wintemute - were reelected to serve on the board of directors until the next annual meeting or until their successors are duly elected and qualified. In addition, the balance of the initiatives appearing on the Company's proxy passed, namely, the ratification of the appointment of Deloitte Touche, LLP as the company'
Appoints Deloitte & Touche LLP as Auditor American Vanguard Corporation (NYSE:AVD) announced the Company's Board of Directors has set the date for the 2023 Annual Shareholders Meeting to take place at 11:00 am PT on Wednesday, June 7, 2023. Shareholders of record as of April 10, 2023, will be entitled to vote their shares at that meeting. As has been the case over the past few years, this will be a virtual meeting that will be webcast live. The Company expects to be distributing proxy materials in late April 2023. In addition, the Company's Audit Committee (with ratification by its Board of Directors) has appointed Deloitte & Touche LLP, ("Deloitte"), to serve as the Company's independent
Declares Quarterly Dividend American Vanguard Corp. (NYSE:AVD) announced voting results arising from the Annual Meeting of Stockholders held on June 1, 2022. In a contested election, the nine nominees receiving the highest votes were, in descending order of votes received: Emer Gunter, Debra F. Edwards, Marisol Angelini, Scott D. Baskin, Eric G. Wintemute and Morton D. Erlich (from the Company's slate of nominees) and Mark R. Bassett, Patrick E. Gottschalk and Keith M. Rosenbloom (from the Cruiser Capital Master Fund LP ("Cruiser") slate of nominees). These persons will serve as directors until the next annual meeting or until their successors are duly elected and qualified. In addition, t
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corp. (NYSE:AVD) announced voting results arising from the Annual Meeting of Stockholders held on June 2, 2021. In summary, all measures on the ballot passed. Thus, the following nominees - Scott D. Baskin, Lawrence S. Clark, Debra F. Edwards, Morton D. Erlich, Emer Gunter, Alfred F. Ingulli, John L. Killmer, Eric G. Wintemute, and M. Esmail Zirakparvar - were re-elected to serve as directors until the next annual meeting or until their successors are duly elected and qualified; the appointment of BDO USA, LLP as the company’s independent registered public accounting firm for the year ending December 31, 2021 was ratified; an
Lake Street analyst Ben Klieve initiates coverage on American Vanguard (NYSE:AVD) with a Buy rating and announces Price Target of $14.
Shares of Diodes Incorporated (NASDAQ:DIOD) fell sharply during Friday's session after the company reported worse-than-expected quarterly financial results. Diodes posted adjusted earnings of 28 cents per share, missing market estimates of 31 cents per share. The company's quarterly sales came in at $301.97 million missing expectations of $305.01 million, according to data from Benzinga Pro. Diodes shares dipped 9.8% to $68.99 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Novavax, Inc. (NASDAQ:NVAX) shares jumped 139% to $10.73 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and d
American Vanguard (NYSE:AVD) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.12 by 50 percent. The company reported quarterly sales of $135.00 million which missed the analyst consensus estimate of $141.90 million by 4.86 percent. This is a 8.10 percent increase over sales of $124.89 million the same period last year.
Loop Capital analyst Chris Kapsch maintains American Vanguard (NYSE:AVD) with a Buy and raises the price target from $19 to $20.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling over 200 points on Friday. The Dow traded down 0.55% to 38,692.43 while the NASDAQ fell 0.90% to 15,982.65. The S&P 500 also fell, dropping, 0.64% to 5,117.35. Check This Out: Top 5 Industrials Stocks That May Fall Off A Cliff In Q1 Leading and Lagging Sectors Materials shares jumped by 0.2% on Friday. In trading on Friday, information technology shares fell by 1.4%. Top Headline Shares of Adobe Inc. (NASDAQ:ADBE) fell around 14% on Friday after the company issued a weak forecast. Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the c
Shares of Jabil Inc. (NYSE:JBL) fell sharply during Friday’s session after the company reported financial second-quarter results and issued FY25 guidance below estimates. Jabil posted adjusted earnings of $1.68 per share, beating estimates of $1.66 per share. The company’s quarterly sales came in at $6.77 billion, missing expectations of $6.89 billion. Jabil shares dipped 14.2% to $126.56 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Verb Technology Company, Inc. (NASDAQ:VERB) shares jumped 189% to $0.4047. VERB's MARKET.live launched Facebook and Instagram social shopping technology integration. Better Therapeutics, Inc. (NASDAQ:BTTX) surged 108
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