---
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"
generated_at: "2026-06-08T08:00:19.804049+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# American Vanguard posts Q3 net loss of $325k; amends credit covenants to ease leverage ratios

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-274480
- JSON: https://secwatch.observer/filing/0001193125-23-274480.json
- Plain text: https://secwatch.observer/filing/0001193125-23-274480.txt

## Key facts
- Earnings Releases
  AMERICAN VANGUARD CORP reported preliminary financial results for the three- and nine-month periods ended September 30, 2023.
  - Period: the three- and nine-month periods ended September 30, 2023
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/5981/000119312523274480/0001193125-23-274480-index.htm

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