---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-021096"
form_type: "8-K"
ticker: "AVD"
cik: "0000005981"
company_name: "AMERICAN VANGUARD CORP"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:19:10.507924+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Vanguard reaffirms FY2024 outlook; achieves debt-to-EBITDA target; Q4 sales up 8% YoY

## Summary
- Q4 2023 net sales up ~8% YoY; full-year net sales down 5% vs 2022; gross margins and adjusted EBITDA in line with forecast.
- Reduced debt to ~$139M and inventory to ~$220M; achieved debt-to-EBITDA target ratio of 2.75x.
- FY2024 guidance unchanged: revenue growth 8-12%, adjusted EBITDA growth 25-35%.
- Targeting $15M annualized operating profit improvements through manufacturing optimization, lower raw material costs, reduced selling/freight/interest.
- No material impact from Red Sea disruptions; Brazil sales down only 4% vs industry 33% decline.

## SEC filing metadata
- accession: 0001193125-24-021096
- form_type: 8-K
- ticker: AVD
- cik: 0000005981
- company_name: AMERICAN VANGUARD CORP
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/5981/000119312524021096/0001193125-24-021096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/5981/000119312524021096/d661590d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-021096
- JSON: https://secwatch.observer/filing/0001193125-24-021096.json
- Plain text: https://secwatch.observer/filing/0001193125-24-021096.txt

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