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American Vanguard Reports Second Quarter 2025 Results

Quarterly Adjusted EBITDA of $11 million vs. $6 million in 2Q last year

Gross Profit Margin improved to 31% as compared to 29% in 2Q last year

Reiterates 2025 revenue and EBITDA guidance

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- American Vanguard^庐 Corporation, a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop protection and nutrition, turf and ornamental management and commercial pest control, today reported financial results for the second quarter ended June 30, 2025.

Financial and Operational Highlights Second Quarter 2025鈥� versus Second Quarter 2024:

• Net sales of $129 million v. $128 million;
• Adjusted EBITDA¹ of $11 million v. $6 million;
• Maintains full-year 2025 EBITDA guidance of $40 million to $44 million;
• GAAP EPS of $(0.03) v. ($0.42);
• Debt outstanding of $189 million which is $22 million less than last year;
• Inventory of $191 million which is $53 million less than last year.

Dak Kaye, CEO of American Vanguard, stated, 鈥淲e are pleased to see the progress that occurred, as part of our business transformation. Operational improvements in the business led to a substantial improvement in adjusted EBITDA, which increased by more than 80% as compared to last year. In addition to our self-help efforts, the agriculture economy appears to be in the early stages of a recovery. Customer destocking is beginning to subside. Against this backdrop, we were able to increase revenue by approximately 1%, as compared to last year.鈥�

Mr. Kaye continued, 鈥淲e substantially increased our gross profit margin and simultaneously decreased our operating expenses as we executed our business transformation. The increase in our gross profit margin to 31%, compared to 29% last year, was driven by improvements in manufacturing and our procurement processes. We will continue to keep a tight rein on expenses and believe that our improved organization will allow us to elevate our gross profit margin over the coming years.鈥�

Chief Financial Officer David Johnson stated, 鈥淭he company is operating more efficiently, as exhibited by decreased inventory and debt levels. Debt outstanding at the end of the quarter was approximately $189 million, a decrease of $22 million, as compared to last year. During the remainder of the year, we expect to allocate our free cash flow towards debt paydown. Further, our improved sales, inventory and operations planning process (SIOP), has allowed the company to operate with less inventory than in the past. Inventory was $191 million at the end of the quarter, a $53 million decrease, as compared to last year. Finally, we continue to operate the business with lower costs than the prior year. Our operating costs were down $5 million in the second quarter and $8 million year-to-date, excluding transformation expenses, which declined dramatically in both the three- and six-month periods. We expect to continue to control our expenses and drive down inventory over the coming quarters as we look to wring more capital out of the business, in an effort to maximize investor returns.鈥�

Mr. Kaye concluded, 鈥淚 want to reiterate our full year 2025 revenue ($535 million - $545 million) and adjusted EBITDA ($40 - $44 million) targets. This quarter we demonstrated real progress in improving operating leverage while maintaining a strong balance sheet. We continue to believe there is room for further improvement, and I am confident that the investments we have been making, and continue to make, in transforming our business will generate accelerated improvements, particularly in a rising market.鈥�

Earnings Conference Call

The company will be hosting an earnings conference call at 5 pm ET on July 31, 2025. The conference call can be accessed through the following link:

A replay can also be accessed through the company website.

The company plans to post on the Investor Relations section of the company鈥檚 website a presentation that should be read in connection with this earnings release.

About American Vanguard

American Vanguard Corporation is a diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Over the past 20 years, through product and business acquisitions, the Company has significantly expanded its operations and now has more than 1,000 product registrations worldwide. To learn more about the Company, please reference .

The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release the matters set forth in this press release include forward-looking statements. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥渆stimate,鈥� 鈥減roject,鈥� 鈥渙utlook,鈥� 鈥渇orecast,鈥� 鈥渢arget,鈥� 鈥渢rend,鈥� 鈥減lan,鈥� 鈥済oal,鈥� or other words of comparable meaning or future-tense or conditional verbs such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渨ould,鈥� or 鈥渃ould.鈥� These forward-looking statements are based on the current expectations and estimates by the Company鈥檚 management and are subject to various risks and uncertainties that may cause results to differ from management鈥檚 current expectations. Such factors include risks detailed from time-to-time in the Company鈥檚 SEC reports and filings. All forward-looking statements, if any, in this release represent the Company鈥檚 judgment as of the date of this release. The company disclaims any intent or obligation to update these forward-looking statements

AMERICAN VANGUARD CORPORATION AND SUBSIDIARIES
ANALYSIS OF SALES
(In thousands)
(Unaudited)

For the three months ended June 30:

For the six months ended June 30:

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View source version on businesswire.com:

Company Contact

American Vanguard Corporation

Anthony Young, Director of Investor Relations

[email protected]

(949) 221-6119

Investor Representative

Alpha IR Group

Robert Winters

[email protected]

(929) 266-6315

Source: American Vanguard Corporation