AMERICAN VANGUARD CORP
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
AVD$0.82-15.3%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| 2024 | 2023 | |
|---|---|---|
| Net sales | $135,143 | $124,885 |
| Cost of sales | (92,725) | (86,348) |
| Gross profit | 42,418 | 38,537 |
| Operating expenses | ||
| Selling, general and administrative | (30,621) | (26,402) |
| Research, product development and regulatory | (5,706) | (8,870) |
| Operating income | 6,091 | 3,265 |
| Change in fair value of an equity investment | 638 | (22) |
| Interest expense, net | (3,693) | (1,686) |
| Income before provision for income taxes | 3,036 | 1,557 |
| Income tax (expense) benefit | (1,484) | 361 |
| Net income | $1,552 | $1,918 |
| Earnings per common share—basic | $0.06 | $0.07 |
| Earnings per common share—assuming dilution | $0.06 | $0.07 |
| Weighted average shares outstanding—basic | 27,844 | 28,367 |
| Weighted average shares outstanding—assuming dilution | 28,128 | 29,073 |
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