American Vanguard Corp Stock Price, News & Analysis

American Vanguard Corp. (NYSE:AVD) reported the results of its Annual Meeting of Stockholders held on June 2, 2021. All measures on the ballot were approved, leading to the re-election of nine directors, including Scott D. Baskin and Lawrence S. Clark, until the next annual meeting. Additionally, BDO USA, LLP was ratified as the company’s independent registered public accounting firm for 2021. The executive compensation policies outlined in the 2021 proxy were also approved, signifying shareholder confidence in current governance.

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.