AMERICAN VANGUARD CORP
Business
American Vanguard Corporation is a holding company that manufactures and distributes chemical, biological, and biorational agricultural products including insecticides, fungicides, herbicides, and biorationals through subsidiaries AMVAC Chemical, GemChem, TyraTech, and OHP. The company synthesizes, formulates, and packages its own proprietary products and custom manufactures for others, offering closed delivery systems and licensed technologies. Distribution occurs domestically through national distributors and buying groups, and internationally through sales offices, wholly owned distributors, and agents across Central America, South America, Australia, New Zealand, and India.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 515 | 547 | 579 | 610 | 558 | |
| Cost of sales | −368 | −427 | −400 | −417 | −387 | |
| Gross profit | 148 | 120 | 179 | 192 | 171 | |
| Selling, general and administrative | −111 | −120 | −117 | −120 | −111 | |
| Research, product development and regulatory | −23 | −33 | −38 | −32 | −29 | |
| Product liability claims | −10 | 0 | 0 | — | — | |
| Transformation | −7 | −20 | −957,000 | 0 | — | |
| Asset impairment | −25 | −50 | 0 | 0 | — | |
| Gain from sale of assets | 249,000 | 1 | 0 | 0 | — | |
| Operating (loss) income | −28 | −102 | 23 | 41 | 31 | |
| Change in fair value of equity investments, net | −437,000 | −2 | −359,000 | −732,000 | −790,000 | |
| Interest and other interest expenses, net | −18 | −17 | −13 | −4 | −4 | |
| (Loss) income before provision for income taxes | −47 | −120 | 10 | 36 | — | |
| Provision for income taxes | −3 | −6 | −3 | −9 | −8 | |
| Net (loss) income | −50 | −126 | 8 | 27 | — | |
| (Losses) earnings per common share-basic | −1.75 | −4.5 | 0.27 | 0.94 | 0.62 | |
| (Losses) earnings per common share-assuming dilution | −1.75 | −4.5 | 0.26 | 0.92 | 0.61 | |
| Weighted average shares outstandingbasic | 28 | 28 | 28 | 29 | 30 | |
| Weighted average shares outstandingassuming dilution | 28 | 28 | 29 | 30 | 30 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-03-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 12 | — | 13 | 11 | 20 | |
| Trade, net of allowance for credit losses of $11,733 and $9,190 respectively | 161 | — | 170 | 183 | 156 | |
| Other | 7 | — | 5 | 8 | 10 | |
| Total receivables, net | 168 | — | 174 | 191 | 166 | |
| Inventories | 176 | — | 179 | 220 | 184 | |
| Prepaid expenses and other assets | 10 | — | 8 | 6 | 16 | |
| Income taxes receivable | 5 | — | 5 | 4 | 2 | |
| Total current assets | 371 | — | 379 | 432 | 389 | |
| Property, plant and equipment, net | 53 | — | 58 | 75 | 71 | |
| Operating lease right-of-use assets, net | 17 | — | 20 | 22 | 24 | |
| Intangible assets, net | 139 | — | 150 | 173 | 185 | |
| Goodwill | 0 | 20 | 20 | 51 | 47 | |
| Deferred income tax assets | 3 | — | 1 | 3 | 141,000 | |
| Other assets | 15 | — | 8 | 12 | 11 | |
| Total assets | 597 | — | 637 | 768 | 726 | |
| Accounts payable | 88 | — | 69 | 69 | 69 | |
| Customer prepayments | 33 | — | 53 | 66 | 111 | |
| Accrued program costs | 52 | — | 69 | 68 | 61 | |
| Accrued expenses and other payables | 28 | — | 32 | 16 | 21 | |
| Operating lease liabilities, current | 6 | — | 6 | 6 | 5 | |
| Income taxes payable | 3 | — | 3 | 6 | 0 | |
| Total current liabilities | 209 | — | 232 | 230 | 267 | |
| Long-term debt | 174 | — | 147 | 139 | 51 | |
| Operating lease liabilities, long-term | 12 | — | 14 | 17 | 19 | |
| Deferred income tax liabilities | 8 | — | 8 | 8 | 15 | |
| Other liabilities | 923,000 | — | 2 | 3 | 4 | |
| Total liabilities | 404 | — | 404 | 398 | 356 | |
| Commitments and contingent liabilities (Notes 5 and 10) | — | — | — | — | — | |
| Preferred stock, $0.10 par value per share; authorized 400,000 shares; none issued | 0 | — | 0 | 0 | 0 | |
| Common stock, $0.10 par value per share; authorized 40,000,000 shares; issued 34,923,562 shares in 2025 and 34,794,548 shares in 2024 | 3 | — | 3 | 3 | 3 | |
| Additional paid-in capital | 117 | — | 115 | 111 | 106 | |
| Accumulated other comprehensive loss | −12 | — | −19 | −6 | −12 | |
| Retained earnings | 155 | — | 205 | 333 | 329 | |
| Total stockholders' equity including treasury stock | 264 | — | 304 | 441 | 426 | |
| Less treasury stock at cost, 5,915,182 shares in 2025 and 5,915,182 in 2024 | −71 | — | −71 | −71 | −56 | |
| Total stockholders equity | 192 | — | 233 | 370 | 370 | |
| Total liabilities and stockholders equity | 597 | — | 637 | 768 | 726 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization of property, plant and equipment and intangible assets | 19 | 22 | 22 | 22 | 22 | |
| Amortization of other long-term assets | 21,000 | 226,000 | 2 | 4 | 4 | |
| Amortization of deferred loan fees | 2 | 536,000 | 254,000 | 289,000 | 359,000 | |
| Gain on disposal of property, plant and equipment | −75,000 | −1 | 0 | 268,000 | 194,000 | |
| Impairment of assets | 25 | 50 | 0 | 0 | — | |
| Provision for estimated credit losses | 2 | 2 | 2 | 1 | 649,000 | |
| Stock-based compensation | 2 | 4 | 6 | 6 | 7 | |
| Deferred income taxes | −1 | 1 | −10 | −5 | −2 | |
| Changes in liabilities for uncertain tax positions or unrecognized tax benefits | −201,000 | −2 | −508,000 | −1 | −2 | |
| Lease obligations and non-cash lease expense, net | −147,000 | −37,000 | 256,000 | — | — | |
| Unrealized foreign currency transaction (gains) losses | −193,000 | 804,000 | −581,000 | −29,000 | −225,000 | |
| Decrease (increase) in receivables | 8 | 7 | −20 | −6 | −24 | |
| Decrease (increase) in inventories | 6 | 35 | −27 | −29 | 9 | |
| Decrease (increase) in income tax receivable/payable | −9,000 | −4 | 4 | −5 | 6 | |
| (Increase) decrease in prepaid expenses and other assets | −9 | −687,000 | 1 | −3 | −5 | |
| Increase (decrease) in accounts payable | 15 | 4 | −2 | 2 | 9 | |
| Decrease in customer prepayments | −20 | −13 | −45 | 48 | 19 | |
| (Decrease) increase in accrued program costs | −17 | 2 | 7 | −2 | 18 | |
| (Decrease) increase in accrued expenses and other payables | −4 | 17 | −5 | 90,000 | 4 | |
| Net cash (used in) provided by operating activities | −21 | 4 | −59 | 57 | 86 | |
| Capital expenditures | −4 | −7 | −12 | −13 | −10 | |
| Proceeds from disposal of property, plant and equipment | 477,000 | 1 | 242,000 | 84,000 | 0 | |
| Acquisitions of business and product line, net of cash acquired | 0 | 0 | −5 | 0 | −10 | |
| Intangible assets | −165,000 | −409,000 | −186,000 | −1 | −524,000 | |
| Net cash used in investing activities | −4 | −7 | −17 | −14 | −20 | |
| Payments under line of credit agreement | −223 | −294 | −173 | −254 | — | |
| Borrowings under line of credit agreement | 250 | 303 | 259 | 253 | — | |
| Payment of deferred loan fees | −3 | −850,000 | 0 | 0 | — | |
| Net receipt from the issuance of common stock under ESPP | 629,000 | 901,000 | 981,000 | 837,000 | 743,000 | |
| Net (payment) receipt from the exercise of stock options | −205,000 | 0 | 46,000 | 827,000 | 172,000 | |
| Payment from common stock purchased for tax withholding | 0 | −1 | −2 | −2 | −3 | |
| Repurchase of common stock | 0 | 0 | −16 | −34 | −5 | |
| Payment of cash dividends | 0 | −3 | −3 | −3 | −2 | |
| Net cash provided by financing activities | 24 | 5 | 67 | −38 | −66 | |
| Net increase (decrease) in cash | −1 | 2 | −9 | 4 | 448,000 | |
| Effect of exchange rate changes on cash | 1 | −742,000 | 116,000 | −332,000 | −86,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AMERICAN VANGUARD CORP's CIK number?
AMERICAN VANGUARD CORP's SEC CIK number is 0000005981 (5981). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AMERICAN VANGUARD CORP's SEC filings?
All of AMERICAN VANGUARD CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AMERICAN VANGUARD CORP last report earnings?
AMERICAN VANGUARD CORP (AVD) most recently filed an earnings 8-K with the SEC on Mar 18, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-114235). This is AMERICAN VANGUARD CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is AMERICAN VANGUARD CORP's most recent earnings 8-K?
AMERICAN VANGUARD CORP's latest earnings 8-K (Item 2.02) was filed Mar 18, 2026 under accession 0001193125-26-114235. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AMERICAN VANGUARD CORP's latest earnings 8-K →
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