secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN VANGUARD CORP (AVD)
CIK:        0000005981
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001193125-24-256028
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Vanguard Q3 net sales $118.3M, Adj. EBITDA $1.8M, EPS -$0.92; maintains FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5981/000119312524256028/0001193125-24-256028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5981/000119312524256028/d800719d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-256028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer