American Vanguard’s Quarterly Net Sales Improve Year-Over-Year, but Fall Short of Consensus Estimates
American Vanguard Corporation ($0.10 Par Value) (AVD)
Last american vanguard corporation ($0.10 par value) earnings: 3/9 04:05 pm
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american-vanguard.com/newsmedia/investorpresentations/tabid/182/default.aspx
Company Research
Source: Business Wire
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corporation (NYSE:AVD), today announced that its third quarter net sales will be approximately $123 million, which amounts to a 10% increase over the comparable period in 2018, but is short of the consensus estimate of $140 million. Within the overall top line, net sales of the company’s international businesses rose approximately 24% compared to the third quarter of 2018, while domestic sales were flat. This change in top line performance, coupled with lower factory absorption, higher operating expenses arising largely from acquisitions, and other factors, will adversely affect net income for the period. Thus, management expects that quarterly earnings per share are likely to be less than half of the consensus estimate and will provide conclusive data on that subject in its next earnings release.Eric Wintemute, Chairman and CEO of American Vanguard commented, “We are, of course, disappointed that we did not achieve our for
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AVD
Earnings
- 3/14/24 - In-Line
AVD
Sec Filings
- 4/25/24 - Form DEF
- 4/11/24 - Form 4
- 4/9/24 - Form 3
- AVD's page on the SEC website