Earnings ·
American Vanguard reports Q3 net loss of $17.7M on $108M sales, revises full-year adjusted EBITDA guidance to $36M-$40M
AVDAmerican Vanguard Corp
American Vanguard reported a third-quarter net loss of $17.7 million, or $0.61 per share, compared to a $12.4 million loss in the prior year period. Net sales declined 9% to $108 million, driven by a 17% drop in international revenue due to El Niño weather impacts and higher transportation costs offsetting U.S. operational savings. The company adjusted its full-year outlook, lowering expected adjusted EBITDA to $36 million–$40 million from the previous range of $44 million–$48 million, while maintaining a sales forecast of $500 million–$530 million. Additionally, American Vanguard acquired four U.S. brands and registrations from Syngenta for $9.5 million and entered into a distribution agreement with Sipcam Agro to expand its product portfolio. The company operates in the specialty and agricultural products sector, developing and marketing crop protection, turf management, and pest control solutions.