earnings
confidence high
sentiment negative
materiality 0.70
American Vanguard Q3 net sales $118.3M, Adj. EBITDA $1.8M, EPS -$0.92; maintains FY guidance
AMERICAN VANGUARD CORP
2024-Q3 EPS reported
-$1.28
revenue$381,659,000
- Net sales $118.3M vs $149.5M YoY; GAAP EPS ($0.92) vs ($0.01).
- Adjusted EBITDA $1.8M vs $11.4M; full-year Adj. EBITDA guidance reaffirmed at $40-$50M.
- Debt reduced by $32.5M to $179M; targeting inventory at 34% of sales by year-end.
- Non-crop revenues up 17% YoY; Green Solutions up 18%; transformation benefit raised to $20M.
- Recorded $16.2M charge for Dacthal recall; Board actively recruiting CEO.