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American Vanguard (AVD)
NYSE:AVD
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.24Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -21.55%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance for American Vanguard. While there are positive aspects such as growth in the non-crop business and Green Solutions portfolio, and progress in business transformation, these are overshadowed by significant declines in revenue and sales within the U.S. crop business, impacted by generics and product recalls. Despite the reiteration of EBITDA targets, the challenges faced indicate a cautious market outlook.Company Guidance
During the American Vanguard's third quarter 2024 earnings call, the company reiterated its full-year adjusted EBITDA target of $40 million to $50 million, while maintaining a sales target of $565 million to $580 million, excluding product recall charges. The third quarter saw a decline in adjusted EBITDA to $2 million from $11 million in the previous year, with sales dropping to $130.7 million from $149.5 million, largely due to significant decreases in Aztec and Folex sales in the U.S. Despite these challenges and increased pressure from generics, particularly in the LatAm and Brazil markets, the company is optimistic about a cyclical recovery and expects a seasonally strong fourth quarter. American Vanguard is focused on business transformation, projecting an increased annual EBITDA benefit of $20 million from these efforts, and aims to achieve a 15% adjusted EBITDA margin across the agricultural cycle. The company also reported a reduction in long-term debt by $32.5 million and expects inventory reduction to impact positively by the year's end.Stable EBITDA and Sales Target
The company reiterated its 2024 adjusted EBITDA target of $40 million to $50 million and its sales target of $565 million to $580 million, excluding product recall charges.
Non-Crop Business Growth
The U.S. non-crop business showed strength with sales up 17% compared to last year, driven by a 45% increase in OHP sales.
Green Solutions Portfolio Growth
Sales from the Green Solution product portfolio, including OHP, increased by 18% during the third quarter and have grown 20% year-to-date.
Debt Reduction
Long-term debt decreased by $32.5 million compared to the second quarter of 2024, improving liquidity.
Business Transformation Progress
The company is increasing its target goal for annual EBITDA benefit from transformation efforts to $20 million from $15 million, with ongoing savings initiatives.
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AVD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $5.66 | $5.89 | +4.06% |
| Aug 08, 2024 | $8.19 | $5.12 | -37.48% |
| May 09, 2024 | $12.60 | $9.11 | -27.70% |
| Mar 14, 2024 | $10.53 | $12.82 | +21.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Vanguard (AVD) report earnings?
American Vanguard (AVD) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is American Vanguard (AVD) earnings time?
American Vanguard (AVD) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVD EPS forecast?
AVD EPS forecast for the fiscal quarter 2024 (Q4) is $0.2.
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