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American Vanguard Corporation (AVD) specializes in developing agricultural and specialty chemical solutions for crop protection and health applications. This page serves as the definitive source for all official news and press releases related to the company’s operations, financial performance, and market developments.
Investors and stakeholders will find timely updates including earnings reports, product launch announcements, strategic partnerships, and regulatory milestones. Our curated collection ensures access to primary-source information critical for informed decision-making, with content verified for accuracy and relevance.
Regular updates cover AVD’s innovations in chemical formulations, distribution network expansions, and sustainability initiatives within the agrochemical sector. Bookmark this page to monitor the company’s progress in addressing evolving agricultural challenges through science-driven solutions.
American Vanguard (NYSE: AVD) announced that its Chairman and CEO, Eric G. Wintemute, plans to retire. He will remain involved in the search for his successor, which is being conducted by Kincannon & Reed, and will retire by December 31, 2024, or sooner if a successor is appointed. Post-retirement, he will continue to serve as Chairman of the Board and provide part-time consulting services.
During his 47-year tenure, including 30 years as CEO, Wintemute transformed American Vanguard from a small facility with $1.5 million in revenue into a global enterprise with $600 million in revenue, six North American factories, and operations in 21 countries. The company is currently undergoing a digital and operational transformation aimed at maximizing EBITDA. The board expressed gratitude for Wintemute's contributions and leadership.
American Vanguard (NYSE:AVD) has announced the results of its 2024 Annual Meeting of Stockholders held on June 6, 2024.
All nine director nominees, including Marisol Angelini, Scott Baskin, and others, received more votes 'for' than 'against'. The ratification of Deloitte Touche, LLP as the independent accounting firm and the advisory approval of executive compensation policies were also passed, with over 90% support from votes cast.
Chairman and CEO, Eric Wintemute, expressed gratitude to shareholders for their overwhelming support.
American Vanguard (NYSE: AVD) announced a quarterly dividend of $0.03 per share, payable to shareholders of record as of June 26, 2024, with distribution on July 10, 2024. Chairman and CEO Eric W. Wintemute emphasized the company's commitment to returning cash to shareholders and highlighted the board's confidence in their core business, financial strength, and growth prospects. Dividend payments for 2024, including this one, total $0.09. This reflects a decrease from $0.12 in 2023 and $0.095 in 2022, but an increase from $0.08 in 2021. The company focuses on enhancing agricultural productivity, public health, and environmental sustainability.
American Vanguard (NYSE: AVD) announced the retirement of Bob Trogele, Executive Vice President & Chief Operating Officer, effective May 31, 2024. Trogele has been with the company since 2015, during which time he has expanded the company's international presence, completed 22 acquisitions, and launched significant product lines and technologies. Chairman & CEO Eric G. Wintemute praised Trogele's contributions, noting his role in establishing AMVAC's Green Solutions portfolio and the SIMPAS® application system. Post-retirement, Trogele plans to remain active in global agribusiness as an independent board director, investor, and entrepreneur.
American Vanguard (NYSE: AVD) reported positive financial results for the first quarter of 2024, with net sales reaching $135 million, Adjusted EBITDA up by 35% to $15.5 million, and Operating Income increasing by 87% to $6.1 million compared to the same period in 2023. Despite a slight decrease in net income and earnings per diluted share, the company's Chairman and CEO, Eric Wintemute, highlighted the improved operating leverage and cost control initiatives that contributed to the growth. The company also experienced growth in all three business segments, US Crop, US Non-crop, and International, with stable market conditions and increased sales across various product lines. However, the voluntary suspension of sales of the herbicide Dacthal due to concerns raised by USEPA led to adjustments in annual targets, setting a goal of 6% to 9% increase in net sales and an adjusted EBITDA target of $60 - $70 million for the year.
American Vanguard (NYSE: AVD) will report financial results for the first quarter on May 9, 2024. The conference call will focus on operating performance and financial results led by top executives. The company is a diversified specialty and agricultural products firm with a global presence.
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