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American Vanguard Corporation reports on its specialty agriculture and related product portfolio, including crop protection and management, turf and ornamentals management, public health, animal health and commercial pest control. The company develops, manufactures and markets synthetic, biological and biorational products, with a global registration base built through product and business acquisitions.
Recurring news for American Vanguard includes quarterly and annual earnings, product and margin commentary, manufacturing optimization, North American commercial execution, capital-structure actions and credit-facility updates. Company updates also discuss operating initiatives tied to working capital, debt reduction, manufacturing footprint and the organization of its crop and specialty businesses.
American Vanguard Corp. (NYSE:AVD) announced a cash dividend of $0.02 per share, payable on January 6, 2021, for shareholders of record by December 23, 2020. This dividend marks a return to payments after a pause due to the Covid-19 pandemic, demonstrating the company's confidence in its strategic growth plans, which include biological product development and market expansion.
The company had distributed $0.04 in 2020 and $0.08 in 2019, reflecting a downward trend in cash returns.
American Vanguard Corporation (NYSE:AVD) reported financial results for Q3 and nine months ending September 30, 2020. Q3 net sales were $117 million, down from $125 million in 2019. Net income decreased to $2.9 million from $3.1 million, while earnings per diluted share dipped to $0.10 from $0.11. For the nine months, net sales totaled $318 million compared to $338 million, with net income falling to $7.3 million from $10.2 million. The CEO emphasized controlled expenses and sequential sales improvement, anticipating better conditions in Q4 due to rising crop prices and increased demand for soil fumigation products.
American Vanguard Corporation (NYSE: AVD) will report its Q3 2020 financial results on November 9, 2020, after market closure. A conference call will be held the same day at 4:30 PM ET, led by CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson. Participants can join the call by dialing (800) 381 7839 or (212) 231-2900. The call will also be available via live webcast on the company's website, with an archived version for later access.
American Vanguard, a diversified specialty and agricultural products company, develops solutions for crop protection and public health.
American Vanguard Corporation (NYSE:AVD) announced the acquisition of Agrinos, a leader in biological crop inputs. This strategic acquisition enhances American Vanguard's product portfolio aimed at improving agricultural productivity and environmental sustainability. Agrinos' proprietary technology has shown promising results, delivering yield increases of 5-10% in various crops. The acquisition aligns with American Vanguard's objectives to expand its participation in bio-nutritional inputs and support soil health. Agrinos holds nearly 50 issued patents and has two manufacturing facilities to boost production capabilities.