Latest news with #AVD
Globe and Mail
3 hours ago
- Business
- Globe and Mail
American Vanguard Announces Date of Second Quarter 2025 Earnings Release and Webcast Conference Call
American Vanguard ® Corporation (NYSE: AVD) announced today it will release financial results for the second quarter of 2025 on Thursday, July 31, 2025, after the market closes. The company will conduct a conference call focusing on operating performance and financial results at 5:00 p.m. ET / 2:00 p.m. PT on Thursday, July 31, 2025. The conference call will be webcast live, available in the Investors section of the Company's website at or through the following link: If you are unable to listen live, the conference call will be archived on the Company's website: About American Vanguard American Vanguard Corporation is a diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Over the past 20 years, through product and business acquisitions, the Company has significantly expanded its operations and now has more than 1,000 product registrations worldwide. To learn more about the Company, please reference The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release the matters set forth in this press release include forward-looking statements. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'project,' 'outlook,' 'forecast,' 'target,' 'trend,' 'plan,' 'goal,' or other words of comparable meaning or future-tense or conditional verbs such as 'may,' 'will,' 'should,' 'would,' or 'could.' These forward-looking statements are based on the current expectations and estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include risks detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. The company disclaims any intent or obligation to update these forward-looking statements.
Yahoo
08-06-2025
- Business
- Yahoo
American Vanguard Corp (AVD) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
Net Sales: $115 million in Q1 2025, down from $135 million in Q1 2024. Adjusted EBITDA: $3 million in Q1 2025, compared to $15.5 million in Q1 2024. Operating Expenses: Decreased by $5 million compared to the previous year. Net Trade Working Capital: Reduced by $86 million compared to the previous year. Gross Profit Margin: Declined to 26% in Q1 2025 from 31% in Q1 2024. Debt: Approximately $20 million lower than the previous year, a 14% decrease. Metam Sales: Increased by 14% in Q1 2025 compared to the previous year. Diamond Sales: Increased by 17% due to higher peanut acreage. Revenue Guidance for 2025: Adjusted to $535 million to $545 million. Adjusted EBITDA Guidance for 2025: Revised to $40 million to $44 million. CapEx for 2025: Expected to be in the range of $8 million to $9 million. Warning! GuruFocus has detected 7 Warning Signs with AVD. Release Date: June 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Operating expenses dropped by $5 million in Q1 2025 compared to the previous year. Net trade working capital improved by $86 million compared to the previous year. Metam sales increased by 14% in the quarter, indicating strong market demand. Diamond sales rose by 17%, driven by increased peanut acreage. The company is focused on cost containment and improving net working capital, which should lead to higher returns. Net sales decreased to $115 million from $135 million in the year-ago period. Adjusted EBITDA fell to $3 million from $15.5 million in the previous year. Continued destocking in Q1 2025 affected sales and inventory levels. The absence of a previously canceled product and weakness in the Mexican agave market impacted revenue. Gross profit margin declined to 26% from 31% due to a weaker pricing environment and lower volume. Q: Can you elaborate on the year-over-year top-line performance and the impact of destocking? A: Douglas Kaye, CEO, explained that the destocking continued through April, reaching historical lows. The destocking was more prolonged than initially anticipated, but positive sales trends were observed in May and June. The destocking appears to have bottomed out, but it's uncertain if inventory levels will be rebuilt. Q: What was the impact of the Dacthal product removal on first-quarter results? A: David Johnson, CFO, stated that Dacthal's removal resulted in a $6 million reduction in top-line revenue with a 3.5% gross margin impact. The absence of Dacthal, along with other factors like the Mexican agave market weakness and Australian drought, contributed to the year-over-year decline. Q: How does the shift in corn acreage affect your product portfolio? A: Douglas Kaye, CEO, noted that the USDA projects an increase in corn acres over soybeans. This shift benefits American Vanguard as their portfolio, particularly corn and soil insecticides, aligns well with corn acreage, leading to increased sales in that segment. Q: What are your expectations for cash taxes in 2025? A: David Johnson, CFO, indicated that cash taxes are expected to be in the $4 million to $5 million range, primarily due to international obligations. The tax situation remains challenging. Q: Can you provide more details on the competitive pricing environment and its impact? A: Douglas Kaye, CEO, explained that the competitive pricing environment in Q1 was unusual, driven by market-wide declines and competition for customer inventory space. While there was pressure on specific products like Folex, the company expects improvement due to their US-based production advantage. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
06-06-2025
- Business
- Yahoo
American Vanguard: Q1 Earnings Snapshot
NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — American Vanguard Corp. (AVD) on Friday reported a first-quarter loss of $8.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Newport Beach, California-based company said it had a loss of 30 cents. Losses, adjusted for non-recurring costs, came to 24 cents per share. The agricultural products company posted revenue of $115.8 million in the period. The company's shares closed at $4.86. A year ago, they were trading at $8.75. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AVD at Sign in to access your portfolio
Washington Post
06-06-2025
- Business
- Washington Post
American Vanguard: Q1 Earnings Snapshot
NEWPORT BEACH, Calif. — NEWPORT BEACH, Calif. — American Vanguard Corp. (AVD) on Friday reported a first-quarter loss of $8.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Newport Beach, California-based company said it had a loss of 30 cents. Losses, adjusted for non-recurring costs, came to 24 cents per share.
New Straits Times
26-05-2025
- Business
- New Straits Times
Kerjaya Prospek buys Aspen Vision Land's stake for RM98mil
KUALA LUMPUR: Kerjaya Prospek Group Bhd will subscribe 4.41 million new shares and 935,900 new redeemable preference shares (RPS) in Aspen Vision Land Sdn Bhd for RM98.0 million. The investment will be funded via internally generated funds and/or bank borrowings, Kerjaya Prospek said today. On top of the new 4.41 million new shares, Aspen Vision will also allot and issue 271,000 new shares to Aspen Vision Development Sdn Bhd (AVD) AVD currently holds 4.32 million Aspen Vision shares. Upon completion, Aspen Vision's issued share base will increase from 4.32 million to 9.0 million, with Kerjaya Prospek and AVD holding 49.0 per cent and 51.0 per cent stakes respectively. Aspen Vision's RPS base will increase from 1.16 million to 1.91 million shares. A total of RM76.0 million from Kerjaya Prospek's subscription will then be injected into Aspen Vision's 80 per cent-owned Aspen Vision City Sdn Bhd as, among others, new capital to support ongoing developments. Aspen Vision City is the master developer of a flagship mixed development in Bandar Cassia, Batu Kawan in Penang. Kerjaya Prospek chief executive officer and executive director Tee Eng Tiong said the investment provides it with the opportunity to participate not only in the construction works but also in the long-term profit contributions from Aspen Vision City. "We remain confident in the potential of Batu Kawan as a high-growth township in Penang mainland, which is rapidly transforming into a dynamic industrial and urban hub," he added. The transaction is expected to be completed by August.
