AMERICAN VANGUARD CORP

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 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 September 30,		For the Nine Months Ended September 30,
	2024	2023	2024	2023
Net sales	$118,307	$149,516	$381,659	$407,191
Cost of sales	(101,014)	(106,432)	(284,185)	(282,662)
Gross profit	17,293	43,084	97,474	124,529
Operating expenses
Selling, general and administrative	(26,365)	(29,813)	(86,885)	(85,954)
Research, product development and regulatory	(11,177)	(9,080)	(25,482)	(27,363)
Transformation	(8,139)	—	(16,636)	—
Operating (loss) income	(28,388)	4,191	(31,529)	11,212
Change in fair value of equity investment	—	(247)	513	(324)
Interest expense, net	(4,378)	(3,384)	(11,988)	(8,282)
(Loss) income before income tax benefit (expense)	(32,766)	560	(43,004)	2,606
Income tax benefit (expense)	7,024	(885)	7,093	(2,066)
Net (loss) income	$(25,742)	$(325)	$(35,911)	$540
Net (loss) income per common share—basic	$(0.91)	$(0.01)	$(1.28)	$0.02
Net (loss) income per common share—assuming dilution	$(0.91)	$(0.01)	$(1.28)	$0.02
Weighted average shares outstanding—basic	28,173	27,919	28,015	28,236
Weighted average shares outstanding—assuming dilution	28,173	27,919	28,015	28,656

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.