secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN VANGUARD CORP (AVD)
CIK:        0000005981
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001193125-22-218353
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Vanguard Q2 EPS $0.23 beats consensus; raises FY22 adj. EBITDA target to $79-81M
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- Q2 net sales $148M (+10% YoY); net income $6.8M (+33% YoY); diluted EPS $0.23 vs $0.17 YoY.
- Midyear net sales $298M (+19% YoY); net income $16.8M (+105% YoY); EPS $0.55 vs $0.27 YoY.
- FY2022 guidance raised: adj. EBITDA $79-81M (highest ever); revenue growth 8-11%; net income up 60-70%.
- Corrects Bloomberg error that slashed consensus EBITDA; company reaffirms raised EBITDA target.
- Repurchased ~48,000 shares on Aug 9 under 10b5-1 plan; up to 620,000 additional shares available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5981/000119312522218353/0001193125-22-218353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5981/000119312522218353/d390224d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-218353

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