---
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"
generated_at: "2026-06-11T23:42:32.779528+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# American Vanguard Q2 net loss of $1.05M; 2023 guidance lowered; lender waiver on covenant default

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-207032
- JSON: https://secwatch.observer/filing/0001193125-23-207032.json
- Plain text: https://secwatch.observer/filing/0001193125-23-207032.txt

## Key facts
- Earnings Releases
  AMERICAN VANGUARD CORP reported the three months ended June 30, 2023 results: revenue $132,790, net income $(1,053), EPS $(0.04). Guidance lowered.
  - Period: the three months ended June 30, 2023
  - Revenue: $132,790
  - Net income: $(1,053)
  - EPS: $(0.04)
  - Guidance: lowered
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/5981/000119312523207032/0001193125-23-207032-index.htm
- Earnings Releases
  AMERICAN VANGUARD CORP reported the six months ended June 30, 2023 results: revenue $257,674, net income $865, EPS $0.03. Guidance lowered.
  - Period: the six months ended June 30, 2023
  - Revenue: $257,674
  - Net income: $865
  - EPS: $0.03
  - Guidance: lowered
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/5981/000119312523207032/0001193125-23-207032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.