AMERICAN VANGUARD CORP

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 9, 2024

AVD$0.82+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2024	2023	2024	2023
Net sales	$128,209	$132,790	$263,352	$257,674
Cost of sales	(90,446)	(89,881)	(183,171)	(176,230)
Gross profit	37,763	42,909	80,181	81,444
Operating expenses
Selling, general and administrative	(31,051)	(29,742)	(60,520)	(56,140)
Research, product development and regulatory	(8,599)	(9,413)	(14,305)	(18,283)
Transformation	(7,345)	—	(8,497)	—
Operating (loss) income	(9,232)	3,754	(3,141)	7,021
Change in fair value of equity investment	(125)	(55)	513	(77)
Interest expense, net	(3,917)	(3,211)	(7,610)	(4,898)
(Loss) income before provision for income taxes	(13,274)	488	(10,238)	2,046
Income tax benefit (expense)	1,553	(1,541)	69	(1,181)
Net (loss) income	$(11,721)	$(1,053)	$(10,169)	$865
Net (loss) income per common share—basic	$(0.42)	$(0.04)	$(0.36)	$0.03
Net (loss) income per common share—assuming dilution	$(0.42)	$(0.04)	$(0.36)	$0.03
Weighted average shares outstanding—basic	28,024	28,428	27,934	28,397
Weighted average shares outstanding—assuming dilution	28,024	28,428	27,934	28,985

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.