secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN VANGUARD CORP (AVD)
CIK:        0000005981
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001193125-23-026675
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Vanguard prelim FY2022 adj EBITDA $73-75M (prior $80M); Aztec supply shortfall shifts sales to H1 2023
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- Preliminary FY2022 adjusted EBITDA expected $73-75M, down from prior guidance of $80M but up 15-18% vs 2021.
- Revenue growth ~10% YoY; gross profit margin ~40%; net debt improved to $31M from $36M at end 2021.
- Q4 performance hurt by raw material shortage for Aztec; supply secured; expects to recoup lost sales in H1 2023.
- Repurchased $34M of common stock in 2022; balance sheet remains strong with debt-to-adj-EBITDA ~0.7x.
- Full year-end conference call scheduled for March 13, 2023 for detailed 2023 outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5981/000119312523026675/0001193125-23-026675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5981/000119312523026675/d432641d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-026675

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