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.
American Vanguard Corporation (NYSE: AVD) declared a cash dividend of $0.025 per share for shareholders of record as of September 23, 2022, set for distribution on October 7, 2022. This announcement stems from the company's strong financial performance in the first half of 2022, with an adjusted EBITDA forecast between $79 million and $81 million for the fiscal year, marking a potential historic high. The board expresses confidence in the company's growth and commitment to shareholder returns.
American Vanguard Corporation (NYSE: AVD) has announced an accelerated share repurchase (ASR) plan to buy back $20 million of its common stock, complementing its existing 10b5-1 repurchase plan initiated on March 14, 2022. Chairman and CEO, Eric G. Wintemute, expressed confidence in the company’s prospects, noting their strong balance sheet and high expected full-year EBITDA. He attributed recent share price declines to erroneous financial reports by Bloomberg and SeekingAlpha, reinforcing the decision to proceed with the ASR as a strategic investment to enhance shareholder value.
American Vanguard Corporation clarifies misreported financial results by Bloomberg and Seeking Alpha. Bloomberg erroneously reduced the full-year 2022 consensus EBITDA estimate from
American Vanguard Corporation (NYSE: AVD) reported strong financial results for Q2 and mid-year 2022, with net sales of $148 million, up from $135 million in Q2 2021, and net income rising to $6.8 million from $5.1 million. Adjusted EBITDA improved to $19.7 million from $16.5 million. For the first half, net sales reached $298 million, up from $251 million, and net income doubled to $16.8 million. The company anticipates continued demand across domestic and international markets, with full-year revenue growth expected between 8% and 11%.
American Vanguard Corporation (NYSE: AVD) will report its financial results for Q2 2022 on August 9, 2022, after market close. A conference call featuring Chairman & CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson is scheduled for 4:30 PM ET. Interested parties can join by calling 201-493-6744 or attending the live webcast on the company’s website. The session will provide insights into the company’s operating performance and financial health.
American Vanguard Corp. (NYSE:AVD) held its Annual Meeting of Stockholders on
Cruiser Capital Master Fund LP, a major shareholder of American Vanguard (NYSE: AVD), announced that stockholders voted to replace three incumbent directors with Cruiser’s nominees: Dr. Mark Bassett, Pat Gottschalk, and Keith M. Rosenbloom. This decisive vote signals stockholders' desire for operational changes to enhance the company's performance. Cruiser Capital expressed gratitude to supportive shareholders and readiness to collaborate with the board to drive value for all stakeholders.
Cruiser Capital Master Fund, a top ten shareholder of American Vanguard Corporation (NYSE: AVD), owning 2.5% of shares, expresses disappointment at the board's alleged disinformation efforts. Cruiser claims transparency in its interactions and criticizes the board for focusing on distractions instead of enhancing company value. Calling for support of its slate of nominees, Cruiser highlights endorsements from proxy advisory firms ISS and Glass Lewis. The firm emphasizes the potential for operational improvements to generate substantial shareholder value.
American Vanguard Corporation (NYSE: AVD) announced that Cruiser Capital is seeking co-investors for an undisclosed investment strategy related to AVD. The Company urges stockholders to vote 'FOR ALL' of its nine director nominees on the WHITE proxy card during the upcoming Annual Meeting on June 1, 2022. The Board emphasizes the importance of transparency regarding Cruiser's proposal and recommends disregarding any proxy cards from Cruiser Capital. A definitive proxy statement has been filed with the SEC, and shareholders are advised to review it for important information.
American Vanguard Corporation (NYSE: AVD) has sent a letter to stockholders ahead of its Annual Meeting on June 1, 2022. The Board urges stockholders to vote 'FOR ALL' nine nominated directors using the 'WHITE' proxy card and to ignore any proxy from Cruiser Capital. Highlights include a 37% year-to-date stock appreciation, outpacing the Russell 2000's 19% decline. The Board is committed to long-term value creation and plans to appoint at least two new directors by 2023. The letter stresses maintaining the current strategy to drive future growth.
FAQ
What is the current stock price of American Vanguard Corporation (AVD)?
What is the market cap of American Vanguard Corporation (AVD)?
What does American Vanguard Corporation do?
What types of products does American Vanguard offer?
In which markets does American Vanguard operate?
How does American Vanguard distribute its products?
What are some of American Vanguard's well-known formulations?
Does American Vanguard invest in research and development?
What is American Vanguard’s financial performance like?
When was American Vanguard Corporation founded?
What is the significance of American Vanguard in the industry?
What are American Vanguard's recent achievements?
