Distributor Over-BuyingFinancial results were negatively impacted by distributor over-buying of the Aztec insecticide in the previous year, contributing to a significant year-over-year financial headwind.
Product RecallA significant financial impact was caused by a $12M revenue reversal due to a recall of the Dacthal product, along with a $4M charge to the cost of goods sold, resulting in a $16M reduction in gross profit.
Supply Chain IssuesAn adverse effect on financial performance was observed due to an approximately $18M year-over-year decline related to Aztec insecticide, stemming from prior supply chain problems.