NYSE$AVD
American Vanguard Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
American Vanguard's Q4 2023 earnings demonstrated a strong rebound with increased revenue and net income compared to the previous year, driven by subsiding destocking activities and effective management.
American Vanguard reported a strong Q4 2023 with net sales of $172.2 million, a net income of $7.0 million, and earnings per diluted share of $0.25. The company's performance reflects a rebound from earlier challenges, driven by increased demand and effective operational strategies.
- Net sales increased to $172.2 million compared to $159.5 million in the same quarter of the previous year.
- Net income rose to $7.0 million, up from $3.9 million in the prior year's quarter.
- Earnings per diluted share reached $0.25, an increase from $0.13 in the corresponding period of 2022.
- Adjusted EBITDA stood at $21 million, compared to $12 million in the prior year.
Headline financials
Revenue & EPS history
American Vanguard · Revenue · Quarterly
$172M
Revenue by segment
American Vanguard · $150M total across 3 segments · Q3 2023
- U.S. Crop$67.7M-2.0%45.3%
- International$62.5M-2.4%41.8%
- U.S. Non-Crop$19.3M+1.7%12.9%
Forward guidance
American Vanguard is targeting 8 to 12% revenue growth and an adjusted EBITDA range of $70 to $80 million for the full year 2024. The company expects strong gross profit margins, tight management of operating expenses, and efficient factory performance. Additionally, through their business transformation initiative, they are targeting growth of adjusted EBITDA to 15% of net sales, with the full benefit to be realized by 2026.
Tailwinds
- Targeting 8 to 12% revenue growth.
- Expecting strong gross profit margins.
- Planning for tight management of operating expenses.
- Aiming for efficient factory performance.
- Targeting growth of adjusted EBITDA to 15% of net sales through a business transformation initiative.
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 2023
-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
| Quarter | Report date | Reaction (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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