earnings
confidence high
sentiment neutral
materiality 0.65
AVD reports Q4 net sales $172.2M, EPS $0.25; FY sales $579M; guides 2024 EBITDA $70-80M
AMERICAN VANGUARD CORP
- Q4 net sales $172.2M (+8% YoY), EPS $0.25 vs $0.13, adjusted EBITDA $21M.
- FY2023 net sales $579M (-5% YoY), EPS $0.26 vs $0.92, adjusted EBITDA $55M.
- FY2023 net income $7.5M, down from $27.4M in 2022.
- Guidance: 8-12% revenue growth, adjusted EBITDA $70-80M for 2024.
- Targets additional $15M+ adjusted EBITDA via transformation by 2026.