American Vanguard FY 2022 net sales +9% to $610M, net income +47%, guides FY 2023 growth

AMERICAN VANGUARD CORP

Net sales $610M (+9%), net income $27.4M (+47%), diluted EPS $0.92 (+51%).
Adjusted EBITDA $73.1M (+15%); FY 2023 guidance: net sales $655-685M, adjusted EBITDA $86-91M.
Net repurchased 1.7M shares (5.5%) in 2022; board authorized up to $15M buyback for 2023.
Declared quarterly cash dividend $0.03/share, payable Apr 14 to holders Mar 24; FY 2022 total dividend was $0.095.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN VANGUARD CORP reported full year ended December 31, 2022 results: revenue $610 million, net income $27.4 million, EPS $0.92 per diluted share. Guidance raised.

Period: full year ended December 31, 2022
Revenue: $610 million
Net income: $27.4 million
EPS: $0.92 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

AVD) today announced financial results for the full year ended December 31, 2022. Fiscal 2022 Full Year Financial Highlights – versus Fiscal 2021 Full Year: • Net sales were $610 million in 2022, compared to $558 million in 2021 (up 9%) • Net income was $ 27.4 million in 2022, compared to $18.6 million in 2021 (up 47%) • Earnings per diluted share of $0.92 in

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Source: SEC EDGAR

accession 0001193125-23-070258

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