American Vanguard Reports Q1 2024 Results
Ticker: AVD · Form: 8-K · Filed: May 10, 2024 · CIK: 5981
Sentiment: neutral
Topics: earnings, financial-results
Related Tickers: AVD
TL;DR
AVD Q1 earnings up YoY despite slight sales dip.
AI Summary
American Vanguard Corporation announced its first quarter 2024 financial results on May 9, 2024. The company reported net sales of $196.5 million and net income of $21.1 million, or $0.37 per diluted share. This represents a slight decrease in net sales compared to the same period last year, but an increase in profitability.
Why It Matters
The filing provides investors with the company's latest financial performance, offering insights into its operational health and profitability for the first quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine earnings report with no unusual events or significant negative developments.
Key Numbers
- $196.5 million — Net Sales Q1 2024 (Total revenue generated in the first quarter of 2024.)
- $21.1 million — Net Income Q1 2024 (Profitability after all expenses for the first quarter of 2024.)
- $0.37 — Diluted EPS Q1 2024 (Earnings per share for the first quarter of 2024.)
Key Players & Entities
- American Vanguard Corporation (company) — Registrant
- May 9, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Newport Beach, California (location) — Principal executive offices
FAQ
What were American Vanguard's net sales for the first quarter of 2024?
American Vanguard reported net sales of $196.5 million for the first quarter of 2024.
What was the net income for American Vanguard in Q1 2024?
The company's net income for the first quarter of 2024 was $21.1 million.
What is the diluted earnings per share for American Vanguard in the first quarter of 2024?
The diluted earnings per share for American Vanguard in Q1 2024 was $0.37.
On what date was this 8-K filing reported?
This Form 8-K filing was reported on May 10, 2024, with the earliest event reported on May 9, 2024.
What is the principal executive office address for American Vanguard?
The principal executive offices are located at 4695 MacArthur Court, Newport Beach, California 92660.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 11.3 · Accepted 2024-05-10 16:07:00
Filing Documents
- d770184d8k.htm (8-K) — 23KB
- d770184dex991.htm (EX-99.1) — 117KB
- g770184g0510034254806.jpg (GRAPHIC) — 4KB
- 0001193125-24-136157.txt ( ) — 275KB
- avd-20240509.xsd (EX-101.SCH) — 3KB
- avd-20240509_lab.xml (EX-101.LAB) — 17KB
- avd-20240509_pre.xml (EX-101.PRE) — 11KB
- d770184d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press release dated May 9, 2024, of Registrant regarding financial results for the three-month period ended March 31, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, American Vanguard Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMERICAN VANGUARD CORPORATION Date: May 10, 2024 By: /s/ Timothy J. Donnelly Timothy J. Donnelly Chief Information Officer, General Counsel & Secretary