American Vanguard Corp Stock Price, News & Analysis

American Vanguard Corporation (NYSE: AVD) reported a strong start to fiscal 2022, with net sales increasing by 29% to $149.4 million and net income surging 224% to $9.9 million for Q1 2022 compared to Q1 2021. Earnings per diluted share rose to $0.33. The EBITDA also improved significantly to $22.9 million. The company achieved a 41% gross profit margin while reducing operating expenses to 31% of sales. Growth was driven by increased demand for crop protection solutions and successful international expansions.

American Vanguard Corporation (NYSE: AVD) will report its financial results for Q1 ended March 31, 2022, on May 4, 2022, after market close. A conference call will follow at 4:30 PM ET, led by CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson. Investors can join by calling 862-298-0702 or via live webcast on the company’s website. American Vanguard specializes in agricultural products and is included in the Russell 2000 and S&P SmallCap 600 Indexes.

American Vanguard Corporation (NYSE:AVD) has filed its definitive proxy statement with the SEC for its 2022 Annual Meeting scheduled on June 1, 2022. The company urges stockholders to vote for its experienced board nominees using the WHITE proxy card and to disregard any materials from activist hedge fund Cruiser Capital Advisors LLC, which aims to replace three board members. American Vanguard highlights its strong performance with 21% sales growth in the previous year and anticipates mid-double-digit growth in 2022, supported by its SIMPAS platform and Green Solutions portfolio.

American Vanguard Corporation (NYSE: AVD) has filed a preliminary proxy statement with the SEC for its 2022 Annual Meeting on June 1, 2022. The record date for stockholders to vote is April 8, 2022. The company has nominated its nine existing directors for re-election and disclosed that Cruiser Capital intends to nominate four individuals for election to the board. American Vanguard emphasizes its commitment to long-term value creation and believes its nominated directors have significant industry expertise.

American Vanguard Corporation (NYSE: AVD) has declared a cash dividend of $0.025 per share, payable on April 15, 2022, to shareholders on record as of March 25, 2022. This decision reflects the Board's confidence in the company's financial stability and growth initiatives. For 2022, the total anticipated cash dividends amount to $0.045, compared to $0.080 in 2021. The 2022 Annual Shareholders Meeting is scheduled for June 1, 2022, at 11:00 am PT, to be held virtually.

American Vanguard Corporation (NYSE: AVD) reported strong financial results for FY 2021, showing a 21% increase in net sales to $557 million compared to $459 million in FY 2020. Operating income rose 35% to $30.9 million, while net income increased to $18.6 million, translating to earnings per diluted share of $0.61. The company faced challenges like COVID-19 and supply chain disruptions but managed to maintain profit margins through price increases. A share repurchase program for up to one million shares was also announced, reflecting confidence in long-term success.

American Vanguard Corporation (NYSE: AVD) will report its fourth-quarter and full-year financial results for the period ended December 31, 2021, on Tuesday, March 8, 2022, after market close. A conference call with key executives, including CEO Eric Wintemute, COO Bob Trogele, and CFO David T. Johnson, will take place at 4:30 PM ET to discuss operating performance and results. Interested participants can join via phone or listen to a live webcast on the company's website.

American Vanguard Corporation (NYSE:AVD) announced a cash dividend of $0.02 per share, payable on January 10, 2022, to shareholders on record as of December 27, 2021. This decision reflects the Board's confidence in the company's operational strength and ongoing growth initiatives, particularly in Green Solutions and SIMPAS/Ultimus technologies. In 2021, the company paid a total of $0.08 in dividends, showing a commitment to returning value to shareholders.

American Vanguard Corporation (NYSE:AVD) reported strong financial results for Q3 and the first nine months of fiscal 2021. Net sales rose 25% to $147 million in Q3 and $398 million for nine months, compared to $117 million and $318 million in 2020, respectively. Net income surged 88% to $5.5 million in Q3 and 87% to $13.7 million year-to-date. Earnings per share increased to $0.18 from $0.10 in Q3 and to $0.45 from $0.25 for nine months. The CEO attributed growth to strong crop commodity prices, favorable weather, and strategic initiatives, with expectations of continued strong performance.