{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-274480","form_type":"8-K","ticker":"AVD","cik":"0000005981","company_name":"AMERICAN VANGUARD CORP","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.732284+00:00","generated_at":"2026-06-08T08:00:19.804049+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"American Vanguard posts Q3 net loss of $325k; amends credit covenants to ease leverage ratios","bullets":["Q3 net sales $149.5M flat YoY; net loss $0.3M vs profit $6.7M a year ago; EPS ($0.01).","Full-year 2023 guidance: sales $580M-$590M (down from $610M in 2022); adj. EBITDA $55M-$59M.","Targeting 8%-12% sales growth and 25%-35% adj. EBITDA growth for 2024.","Amendment to credit facility increases max leverage ratio to 5.5x through Sep 2023, steps down; restricts share repurchases during covenant modification period.","Announced $15M in operating profit and interest savings initiatives and search for Chief Transformation Officer."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-274480","json":"https://secwatch.observer/filing/0001193125-23-274480.json","markdown":"https://secwatch.observer/filing/0001193125-23-274480.md","text":"https://secwatch.observer/filing/0001193125-23-274480.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/5981/000119312523274480/0001193125-23-274480-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/5981/000119312523274480/d295257d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T08:00:19.804049+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":"486b2699dc7fa434dc49d54a2fc09a129e73b54e","claim":"AMERICAN VANGUARD CORP reported preliminary financial results for the three- and nine-month periods ended September 30, 2023.","evidence_excerpt":"On November 8, 2023, American Vanguard Corporation (“Registrant”) issued a press release announcing both (a) its preliminary, unaudited financial results for the three- and nine-month periods ended September 30, 2023, and (b) its transformation plans.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/5981/000119312523274480/0001193125-23-274480-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three- and nine-month periods ended September 30, 2023"},{"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"}