AMERICAN VANGUARD CORP
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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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.
Sep 30, 2025 · Filed Nov 10, 2025
AVD$0.82+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $119,313 | $118,307 | $364,426 | $381,659 |
| Cost of sales | (85,099) | (101,014) | (259,474) | (284,185) |
| Gross profit | 34,214 | 17,293 | 104,952 | 97,474 |
| Operating expenses | ||||
| Selling, general and administrative | (26,747) | (26,365) | (81,998) | (86,885) |
| Research, product development and regulatory | (5,654) | (11,177) | (17,139) | (25,482) |
| Product liability claims | (7,029) | — | (7,029) | — |
| Transformation | (1,442) | (8,139) | (5,254) | (16,636) |
| Assets impairment | (93) | — | (227) | — |
| Gain from sale of asset | 246 | — | 246 | — |
| Operating loss | (6,505) | (28,388) | (6,449) | (31,529) |
| Change in fair value of equity investment | (511) | — | (511) | 513 |
| Interest expense, net | (4,920) | (4,378) | (13,135) | (11,988) |
| Loss before provision for income taxes | (11,936) | (32,766) | (20,095) | (43,004) |
| Income tax (expense) benefit | (422) | 7,024 | (1,574) | 7,093 |
| Net loss | $(12,358) | $(25,742) | $(21,669) | $(35,911) |
| Net loss per common share—basic | $(0.43) | $(0.91) | $(0.76) | $(1.28) |
| Net loss per common share—assuming dilution | $(0.43) | $(0.91) | $(0.76) | $(1.28) |
| Weighted average shares outstanding—basic | 28,511 | 28,173 | 28,377 | 28,015 |
| Weighted average shares outstanding—assuming dilution | 28,511 | 28,173 | 28,377 | 28,015 |
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