American Vanguard Corporation Q4 net sales increased to $172.2M from $159.5M in 2022, attributed to overcoming global destocking effects by CEO Eric Wintemute.

American Vanguard Corporation reported Q4 net sales of $172.2M vs. $159.5M in 2022, net income $7.0M vs. $3.9M, and EPS of $0.25 vs. $0.13. For FY 2023, net sales were $579M vs. $610M, net income $7.5M vs. $27.4M, and EPS $0.26 vs. $0.92. CEO Eric Wintemute attributed the Q4 rebound to overcoming global destocking effects. Adjusted EBITDA for Q4 was $21M, up from $12M in 2022.

March 14, 2024
3 Articles