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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 Corp. (NYSE:AVD) has declared a cash dividend of $0.02 to be distributed on July 8, 2021, to shareholders of record as of June 24, 2021. This decision reflects the Board's confidence in the company's strong business model and commitment to shareholder returns. The total cash dividend for 2021, including this pending payment, will amount to $0.06. Over the past years, cash dividends have varied, with $0.08 in 2019 and $0.04 in 2020, showcasing a consistent commitment to providing value to shareholders.
American Vanguard Corporation (NYSE:AVD) announced the acquisition of rights to Envoke® herbicide from Syngenta Crop Protection, LLC. This includes the product registrations and trademarks for Envoke in the United States. The two companies will collaborate to ensure a smooth transition during the EPA registration transfer. Envoke is effective in controlling stubborn weeds, making it a beneficial addition to AMVAC's product portfolio aimed at key crops like cotton and sugarcane. Financial terms of the deal were not disclosed.
American Vanguard Corporation (NYSE: AVD) reported strong financial results for Q1 2021, with net sales rising to $116 million, up from $96 million in Q1 2020. Net income soared to $3.07 million, compared to $0.52 million a year prior, translating to earnings per diluted share of $0.10. EBITDA increased to $12.1 million, up from $7.6 million. The company highlighted improved demand for soybean and corn herbicide products, driven by higher commodity prices, and noted steady performance in mosquito control and horticulture. A low double-digit sales increase is projected for 2021.
American Vanguard Corporation (AVD) announced a rebranding of AMVAC Environmental Products to AMGUARD Environmental Technologies. This change reflects the company’s strategic aim to enhance its footprint in the non-crop and technical markets through innovation and acquisitions. The AMGUARD brand symbolizes protection against pests and reaffirms AVD's commitment to low-impact solutions. CEO Eric Wintemute highlighted opportunities for growth in technology and sustainability. AMGUARD will utilize R&D resources across the AVD group to support ongoing product development and strategic partnerships.
American Vanguard Corporation (AVD) announced that AMVAC Environmental Products is rebranding as AMGUARD Environmental Technologies. This shift reflects the company’s strategy to enhance its position in non-crop and technical markets through innovation and strategic acquisitions. The new brand name highlights AVD's 50-year commitment to crop protection and technology. AMGUARD aims to leverage R&D capabilities and expand its portfolio across pest management and public health sectors, emphasizing low-impact solutions and sustainability in its offerings.
American Vanguard Corporation (NYSE: AVD) will release its financial results for Q1 2021 on May 6, 2021, after market close. A conference call featuring CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson is scheduled for 4:30 PM ET to discuss the company’s performance. Interested participants can join by phone or listen via a live webcast on the company’s website. American Vanguard is involved in developing agricultural products for crop protection and is listed on the Russell 2000 and S&P Small Cap 600 Indexes.
American Vanguard Corporation (NYSE: AVD) announced the integration of its OHP subsidiary into the AMVAC Environmental Products (AEP) framework, enhancing its non-crop business strategy. This move aims to expand product offerings and innovation in the pest management sector. CEO Eric Wintemute highlighted the importance of OHP’s biosolutions as part of a sustainable portfolio. Leadership changes will occur, with Dan Stahl retiring and Troy Bettner taking over commercial responsibilities. The integration aligns with American Vanguard's long-term growth and sustainability goals.
American Vanguard Corp. (NYSE:AVD) has declared a $0.02 cash dividend to be paid on April 15, 2021, to shareholders of record by March 25, 2021. Chairman and CEO Eric Wintemute highlighted this dividend as a continuation of their commitment to provide cash returns, indicating confidence in the company's business model and growth strategies. The total cash dividend for 2021 amounts to $0.04, consistent with 2020 but lower than $0.08 in 2019. The company remains focused on expanding its market presence in agricultural productivity and sustainability.
American Vanguard Corporation (NYSE: AVD) reported its financial results for Q4 and FY 2020. In Q4 2020, net sales increased to $141 million from $131 million in Q4 2019. Net income rose to $7.9 million, with earnings per diluted share of $0.26. For the full year, net sales were $459 million, down from $468 million in 2019, but net income increased to $15.2 million, yielding earnings per diluted share of $0.51. The company anticipates low double-digit revenue growth in 2021 due to an improved economic environment and strategic acquisitions.
American Vanguard Corporation (NYSE: AVD) will release its fourth quarter financial results for the period ending December 31, 2020, on March 11, 2021. The announcement will occur after market close. Following the release, a conference call will be held at 4:30 PM ET, led by CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson, focusing on operating performance and revenue insights. Interested participants can join by phone or via a live webcast accessible on the company's website.
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