{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-207032","form_type":"8-K","ticker":"AVD","cik":"0000005981","company_name":"AMERICAN VANGUARD CORP","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.396440+00:00","generated_at":"2026-06-11T23:42:32.779528+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"American Vanguard Q2 net loss of $1.05M; 2023 guidance lowered; lender waiver on covenant default","bullets":["Q2 net sales $132.8M (down 10.4% YoY); net loss $1.05M vs net income $6.83M; EPS -$0.04.","H1 net sales $257.7M; net income $0.865M; EPS $0.03 vs $0.55 prior year.","2023 guidance: net sales $615-625M (flat), Adj. EBITDA $70-75M, net income $20-24M, down from $27.5M in 2022.","Lenders waived default on Minimum Fixed Charge Coverage Ratio for Q2 2023, triggered by share repurchase costs.","Board authorized up to $7.5M share repurchase under 10b5-1 plan."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-207032","json":"https://secwatch.observer/filing/0001193125-23-207032.json","markdown":"https://secwatch.observer/filing/0001193125-23-207032.md","text":"https://secwatch.observer/filing/0001193125-23-207032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/5981/000119312523207032/0001193125-23-207032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/5981/000119312523207032/d530975d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:42:32.779528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29fff124928e9343ed0807f088c65612fd2de1f5","claim":"AMERICAN VANGUARD CORP reported the three months ended June 30, 2023 results: revenue $132,790, net income $(1,053), EPS $(0.04). Guidance lowered.","evidence_excerpt":"3 Months Ended June 30, 2023 June 30, 2022 Change Net sales $ 132,790 $ 148,203 $ (15,413 ) Net income $ (1,053 ) $ 6,830 $ (7,883 ) EPS $ (0.04 ) $ 0.23 $ (0.27 )","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/5981/000119312523207032/0001193125-23-207032-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$132,790"},{"label":"Net income","value":"$(1,053)"},{"label":"EPS","value":"$(0.04)"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"5361e06922e1509b2d8d9a0756c6df7136737704","claim":"AMERICAN VANGUARD CORP reported the six months ended June 30, 2023 results: revenue $257,674, net income $865, EPS $0.03. Guidance lowered.","evidence_excerpt":"6 Months Ended June 30, 2023 June 30, 2022 Change Net sales $ 257,674 $ 297,797 $ (40,123 ) Net income $ 865 $ 16,765 $ (15,900 ) EPS $ 0.03 $ 0.55 $ (0.52 )","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/5981/000119312523207032/0001193125-23-207032-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$257,674"},{"label":"Net income","value":"$865"},{"label":"EPS","value":"$0.03"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}