NYSE$AVD

American Vanguard Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

American Vanguard's Q4 2020 performance was marked by increased net sales and net income compared to the previous year.

American Vanguard reported increased net sales and net income for Q4 2020, driven by strong performance in the U.S. crop segment and overall financial discipline despite challenges posed by the COVID-19 pandemic.

  • Net sales increased to $141 million in 2020 from $131 million in 2019.
  • Net income rose to $7.9 million in 2020, up from $3.4 million in 2019.
  • Earnings per diluted share increased to $0.26 in 2020 from $0.12 in 2019.
  • EBITDA increased to $17.1 million in 2020 from $12.0 million in 2019.

Headline financials

Total Revenue

$141M

Previous: $131M+7.4%
EPS (adj)

$0.13

Previous: $0.12+8.3%
Adjusted EBITDA

$17.1M

No prior period
Net Income

$7.91M

Previous: $3.4M+132.6%
Operating Income

$10.6M

Previous: $6.24M+69.1%
Gross Profit

$50.6M

Previous: $46.5M+8.8%
Cash & Equivalents

$15.9M

Previous: $6.58M+142.0%
Total Assets

$680M

Previous: $670M+1.5%
Stock-Based Comp

$2.79M

Previous: $2M+39.2%

Revenue & EPS history

American Vanguard · Revenue · Quarterly

$141M

Q4 2020+7.4%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

American Vanguard · $141M total across 3 segments · Q4 2020

  • U.S. Crop
    $74.5M
  • International
    $55.5M
  • U.S. Non-Crop
    $10.7M

Forward guidance

American Vanguard anticipates low double-digit revenue growth in 2021, driven by global economic reopening, higher commodity prices, larger corn acreage in the U.S., steady supply availability, increased soybean segment participation, and international business expansion. Gross profit margins are expected to remain strong with tight operating expense management as operations normalize.

Tailwinds

  • Global economies are poised to start re-opening.
  • Higher commodity prices will encourage crop protection procurement.
  • Expectation of larger corn acreage in the U.S.
  • Continued steady supply availability of key raw and intermediate materials.
  • Greater AMVAC product participation in the soybean segment.

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 Q4 2020

Historical avgQ4 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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