STOCK TITAN

American Vanguard Corporation - AVD STOCK NEWS

Welcome to our dedicated page for American Vanguard Corporation news (Ticker: AVD), a resource for investors and traders seeking the latest updates and insights on American Vanguard Corporation stock.

American Vanguard Corporation (AVD) is a leading US-based company that specializes in the development, manufacturing, and marketing of specialty chemicals. Founded in 1969, American Vanguard operates through its subsidiaries to serve agricultural, commercial, and consumer markets both domestically and internationally.

The company produces a wide range of chemicals including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants. These products are available in various formulations such as liquid, powder, and granular forms, catering to crops, turf, ornamental plants, as well as human and animal health protection.

American Vanguard's product line includes well-known formulations like PCNB, chlorothalonil, and propiconazole, marketed under the FFII and FFIII names. The company ensures these products reach their target markets through a robust distribution network. This network features national distribution companies, buying groups, co-operatives, and direct sales channels, including sales offices, sales agents, and wholly owned distributors.

In addition to chemical products, American Vanguard also markets and distributes end-use chemical and biological products for crop applications and the greenhouse and nursery production markets. The company's commitment to quality and innovation has solidified its reputation in the industry, enabling it to form strategic partnerships and expand its market presence.

Recent Achievements and Current Projects: American Vanguard has recently focused on enhancing its product portfolio through research and development. The company invests in innovative solutions to meet evolving market demands and regulatory requirements. It continues to work on projects aimed at improving agricultural productivity and sustainability.

Financial Condition: American Vanguard’s financial performance reflects its strong market position and diversified product offerings. The company consistently reports revenue growth and profitability, highlighting its effective management and strategic direction.

American Vanguard Corporation remains a significant player in the specialty chemicals industry, contributing to advancements in agriculture, commercial applications, and consumer health protection. Its comprehensive product range and strategic market approach make it a valuable entity for stakeholders and investors.

Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) reported a robust financial performance for the year ending December 31, 2022, with net sales reaching $610 million, a 9% increase from 2021. Net income rose by 47% to $27.4 million, while earnings per diluted share surged 51% to $0.92. The company also achieved an adjusted EBITDA of $73.1 million, a 15% growth year-over-year. The U.S. Crop business benefited from high commodity prices, leading to increased sales in various agricultural sectors. Looking ahead, AVD aims for 2023 net sales between $655M and $685M and continues to focus on strategic growth initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.58%
Tags
none
-
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) will report its fourth-quarter financial results for the period ending December 31, 2022, on March 13, 2023, after market close. A conference call will be held at 4:30 p.m. ET to discuss the results, featuring CEO Eric Wintemute and other executives. Interested participants should call 201-493-6744 and join 10 minutes early. Additionally, the call will be webcast live on the company's website. American Vanguard is a diversified company focused on crop protection and nutrition, and is part of major stock indexes, including Russell 2000 and S&P Small Cap 600.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
-
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) reported preliminary financial results for the fiscal year ending December 31, 2022. The company experienced a shortfall in Q4 due to supply chain issues affecting the production of its top-selling insecticide, Aztec®, resulting in net sales comparable to Q4 2021. Despite this, full-year adjusted EBITDA is projected between $73 million and $75 million, representing a 15-18% increase from 2021. With suppliers resumed operations, AVD anticipates recovering lost sales in the first half of 2023, contributing to a strong outlook for the year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
Rhea-AI Summary

AMGUARD Environmental Technologies, a division of American Vanguard Corporation (NYSE:AVD), has acquired the product and trademark assets of American Bio-Systems, known for its microbial cleaning products, BioMop-Plus® and DrainGel®. With over 20 years in the industry, these products address persistent drain issues in food-service and hospitality sectors. CEO Shayne M. Wetherall emphasizes that these solutions improve sanitation by digesting organic waste, differentiating them from conventional cleaning products. The acquisition aligns with AMGUARD's strategy to enhance its portfolio of biological solutions for commercial pest control.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
-
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) has launched BioWake™, a dual-use biological seed lubricant, enhancing seed flow and nutrient uptake for corn and soybean farmers. This innovative product, part of AMVAC's GreenSolutions™ portfolio, combines microbial inoculants and soy protein for effective planting. Trials indicate significant yield increases. BioWake will be available for purchase in the 2023 growing season, offering farmers a cleaner alternative to traditional lubricants.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
none
-
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) has declared a cash dividend of $0.03 per share, reflecting a 20% increase from previous quarters. Shareholders of record as of December 28, 2022, will receive the dividend on January 11, 2023. Chairman Eric W. Wintemute highlighted strong financial performance in 2022 and a positive outlook for 2023 as key factors for the increase. This decision underscores the Board's confidence in the company's financial stability and growth prospects, with past dividends of $0.095 in 2022 and $0.08 in 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
dividends
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) reported strong financial results for Q3 and the first nine months of 2022. Net sales increased by 3.4% in Q3 to $152 million, while net income rose 21.8% to $6.7 million. For the nine-month period, net sales reached $450 million (13.1% growth) and net income surged 71.5% to $23.5 million. The company attributed growth to high crop prices and strong international sales, particularly in Brazil and Mexico. However, domestic non-crop business faced challenges due to decreased consumer spending.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
none
-
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) has successfully registered its Counter® insecticide for soybean use in Brazil, the largest agricultural market globally. This soil insecticide effectively combats yield-damaging nematodes and can be integrated with other pest control products. CEO Vitor Cunha noted the product's technical performance and yield enhancement, potentially increasing farmer profitability. Chairman Eric Wintemute emphasized the importance of expanding Counter's international market presence, highlighting its role in the company's precision application technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
none
-
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) announced it will report its financial results for Q3 ended September 30, 2022, on November 8, 2022, after market close. A conference call will follow at 4:30 PM ET to discuss operating performance, featuring CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson. Interested parties can join via phone or live webcast. American Vanguard specializes in crop protection and nutrition, pest control, and is part of Russell 2000® and S&P Small Cap 600 Indexes.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
Rhea-AI Summary

American Vanguard Corporation (NYSE: AVD) has partnered with NewLeaf Symbiotics to enhance its GreenSolutions™ biological product portfolio for the North American crop market starting in 2023. This collaboration will leverage the strengths of both companies to expand current product applications and foster new product development. AMVAC recently achieved a milestone of over 1.2 million acres applied with its GreenSolutions, marking significant growth in the biologicals segment. The partnership aims to improve market penetration and provide innovative solutions for North American farmers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
partnership

FAQ

What is the current stock price of American Vanguard Corporation (AVD)?

The current stock price of American Vanguard Corporation (AVD) is $4.44 as of December 20, 2024.

What is the market cap of American Vanguard Corporation (AVD)?

The market cap of American Vanguard Corporation (AVD) is approximately 127.0M.

What does American Vanguard Corporation do?

American Vanguard develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses.

What types of products does American Vanguard offer?

The company offers insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms.

In which markets does American Vanguard operate?

American Vanguard serves markets in the United States and internationally, including agriculture, commercial, and consumer sectors.

How does American Vanguard distribute its products?

The company distributes its products through national distribution companies, co-operatives, sales offices, sales agents, and wholly owned distributors.

What are some of American Vanguard's well-known formulations?

Some of the well-known formulations include PCNB, chlorothalonil, and propiconazole, marketed under the FFII and FFIII names.

Does American Vanguard invest in research and development?

Yes, the company invests in innovative solutions for agricultural productivity and sustainability through research and development.

What is American Vanguard’s financial performance like?

The company consistently reports revenue growth and profitability, reflecting its strong market position and effective management.

When was American Vanguard Corporation founded?

American Vanguard Corporation was founded in 1969.

What is the significance of American Vanguard in the industry?

American Vanguard is a significant player in the specialty chemicals industry, contributing to advancements in agriculture and consumer health protection.

What are American Vanguard's recent achievements?

The company has enhanced its product portfolio and continues to focus on projects aimed at improving agricultural productivity and sustainability.

American Vanguard Corporation

NYSE:AVD

AVD Rankings

AVD Stock Data

126.95M
26.01M
9.31%
79.22%
2.49%
Agricultural Inputs
Agricultural Chemicals
Link
United States of America
NEWPORT BEACH