American Vanguard Corp Stock Price, News & Analysis

American Vanguard Corporation (NYSE: AVD) announced the resignation of Lawrence S. Clark from its board of directors after 15 years, effective December 9, 2021. Marisol Angelini has been appointed to fill the vacancy, bringing over 22 years of experience from The Coca-Cola Company in various leadership roles, including VP Marketing in Brazil and Chief Marketing Officer in Mexico. Angelini's expertise is expected to enhance American Vanguard’s marketing and global commercialization strategies.

American Vanguard Corp. (NYSE:AVD) has declared a $0.02 cash dividend, payable on October 15, 2021, to shareholders on record as of October 1, 2021. This dividend reflects the company's strong operational performance and ongoing commitment to returning value to shareholders. In 2021, the total cash dividend payments will amount to $0.08, up from $0.04 in 2020. The company remains focused on strategic growth areas including biological product development and geographic expansion.

American Vanguard Corporation (NYSE: AVD) announced a share repurchase program to buy back up to 300,000 shares over the next six months. This initiative aims to offset the increase in outstanding shares due to employee equity awards, aligning workforce interests with shareholder value. CEO Eric Wintemute expressed confidence in the company’s strategic growth, particularly in Green Solutions and precision application technologies. The repurchase reflects the Board's commitment to enhancing shareholder value and its belief in the company's long-term success.

American Vanguard Corporation (NYSE:AVD) reported significant financial growth for the second quarter and first half of 2021 compared to 2020. Net sales surged by 29% to $135 million in Q2 2021, and 25% to $251 million for mid-year. Net income climbed 32% to $5.1 million in Q2 and 86% to $8.2 million for the first half. The company successfully integrated its non-crop business and acquired AgNova, boosting Australian sales. A new $275 million Credit Facility was established to support growth. The company expects low double-digit revenue growth for 2021.

American Vanguard Corporation (NYSE: AVD) will report its financial results for Q2 ended June 30, 2021, on August 9, 2021, after market close. A conference call will be held at 4:30 PM ET, featuring Eric Wintemute (Chairman & CEO), Bob Trogele (COO), and David T. Johnson (CFO). Participants can join by calling 201-493-6744, and the call will also be available via live webcast on the company's website. American Vanguard specializes in crop protection, turf management, and public health products, and is listed on Russell 2000, Russell 3000, and S&P Small Cap 600 indexes.

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.