NYSE$AVD

American Vanguard Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

American Vanguard's financial performance declined in Q1 2020 compared to Q1 2019, but exceeded breakeven expectations.

American Vanguard reported a decrease in net sales, net income, and earnings per share for the first quarter of 2020 compared to the same period in 2019. Net sales decreased by 4% due to lower international sales, while domestic sales remained flat. Despite the decline, the company exceeded breakeven expectations.

  • Net sales were $96.0 million, a decrease from $99.7 million in the first quarter of 2019.
  • Net income was $0.52 million, significantly lower than the $3.9 million reported in the same period last year.
  • Earnings per diluted share decreased to $0.02, compared to $0.13 in the first quarter of 2019.
  • The company's performance was not materially affected by the coronavirus during the first quarter.

Headline financials

Total Revenue

$96M

Previous: $99.7M-3.7%
EPS (adj)

$0.02

Previous: $0.13-84.6%
Capital Expenditures

-$2.98M

Previous: -$3.37M+11.5%
Free Cash Flow

-$2.46M

Previous: $537K-558.1%
Net Income

$520K

Previous: $3.91M-86.7%
Operating Income

$1.84M

Previous: $6.9M-73.4%
Gross Profit

$38.4M

Previous: $41.7M-8.0%
Cash & Equivalents

$5.54M

Previous: $6.66M-16.7%
Total Assets

$674M

Previous: $662M+1.8%
Stock-Based Comp

$1.36M

Previous: $1.49M-8.6%

Revenue & EPS history

American Vanguard · Revenue · Quarterly

$96M

Q1 2020-3.7%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

American Vanguard · $96M total across 3 segments · Q1 2020

  • U.S. Crop
    $50.4M
  • International
    $34.6M
  • U.S. Non-Crop
    $11M

Forward guidance

American Vanguard is unable to determine the longer-term effects of the pandemic but will endeavor to maximize results and are poised to perform in line with its peers.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.0%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-2.6%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+18.9%

Q4 2015

Best reaction

-34.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%-1.0%-9.8%
Q4 2025-9.6%-30.9%-24.6%
Q3 2025-0.8%-0.4%-14.9%
Q1 2025-9.2%-8.5%-19.2%
Q4 2024-5.7%+6.2%-20.0%
Q3 2024+2.1%+5.0%-5.7%
Q2 2024-34.9%-28.5%-20.5%
Q1 2024-26.6%-30.6%-30.4%
Q4 2023+15.3%+9.4%+4.5%
Q3 2023+1.1%-12.3%+5.1%
Q2 2023-16.6%-13.1%-24.7%
Q1 2023-12.9%-9.9%-3.1%
Q4 2022+4.9%+5.5%+7.8%
Q3 2022-4.4%-6.6%-4.8%
Q2 2022-18.2%-15.5%-19.8%
Q1 2022+5.6%-4.5%+17.9%
Q4 2021+2.6%+6.5%+24.0%
Q3 2021+4.3%+3.0%-9.2%
Q2 2021-0.7%-6.6%-3.5%
Q1 2021-3.3%-5.8%-14.6%
Q4 2020+2.1%-2.0%-8.6%
Q3 2020+9.2%+8.3%+21.8%
Q2 2020+4.6%+3.0%+1.0%
Q1 2020-1.9%-9.6%-3.1%
Q4 2019-4.6%-9.3%+2.3%
Q3 2019+5.0%+6.4%+8.4%
Q2 2019+5.4%+3.0%+13.8%
Q1 2019-0.3%-8.3%-19.6%
Q4 2018+6.2%-1.1%-2.1%
Q3 2018-5.6%-1.9%-7.5%
Q2 2018-4.2%-9.3%-4.0%
Q1 2018+11.7%+0.9%+10.5%
Q4 2017+16.0%+15.5%+9.8%
Q3 2017-6.1%-10.1%-10.8%
Q2 2017+9.7%+13.1%+10.0%
Q1 2017+10.9%+9.1%+9.4%
Q4 2016-4.0%-6.2%+4.7%
Q3 2016+0.3%+3.3%+14.3%
Q2 2016+17.6%+16.2%+12.2%
Q1 2016-21.8%
Q4 2015+18.9%
Q3 2015+14.0%
Q2 2015+0.8%
Q1 2015+14.6%
Q4 2014-1.7%
Q3 2014+6.4%
Q2 2014+2.6%
Q1 2014-13.1%
Q4 2013-4.3%
Q3 2013+8.9%
Q2 2013+3.3%
Q1 2013+7.7%
Q4 2009+0.2%
Q4 2012-11.0%
Q3 2012+1.7%
Q2 2012+12.5%
Q1 2012+4.1%
Q4 2011+2.0%
Q3 2010-6.8%
Q3 2011-6.8%
Q2 2010-15.6%
Q1 2011-15.6%
Q2 2011-15.6%
Q4 2010-15.6%
Q1 2010+4.5%

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