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Stock impact report

American Vanguard Reports Q1 2024 Results [Yahoo! Finance]

American Vanguard Corporation ($0.10 Par Value) (AVD) 
Last american vanguard corporation ($0.10 par value) earnings: 3/9 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
First Quarter 2024 Financial Highlights – versus First Quarter 2023: Net sales of $135 million vs. $125 million Adjusted EBITDA of $15.5 million vs. $11.5 million Operating Income of $6.1 million vs. $3.3 million Net income of $1.6 million vs. $1.9 million Earnings per diluted share of $0.06 vs. $0.07 Eric Wintemute, Chairman and CEO of American Vanguard, stated: "We attained improved operating leverage with a significant increase in adjusted EBITDA and operating income, during the first quarter as compared to last year. This is due in part to our cost control initiatives, on account of which our operating expenses reduced as a percent of net sales, even after including our transformation costs. We expect to gain greater efficiencies through our transformation program which we have begun in earnest and which we expect will generate an additional $15 million of adjusted EBITDA on an annualized basis by 2026." He continued, "Further, it is pleasing to note that we experie Show less Read more
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