AVD American Vanguard Corp.
American Vanguard Corp. is a holding company, which engages in the development and marketing of specialty and agricultural products for crop protection and management, turf and ornamentals management, and public and animal health. It also acquires and licenses both new and well-established product lines that serve numerous market niches. The Company was founded by Herbert A. Kraft and Glenn A. Wintemute in January 1969 and is headquartered in Newport Beach, CA.
Company profile
Ticker
AVD
Exchange
Website
CEO
Eric Glenn Wintemute
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
952588080
AVD stock data
()
Calendar
11 May 20
2 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 95.96M | 130.52M | 124.88M | 113.1M | |
| Net income | 520K | 3.44M | 3.15M | 3.11M | |
| Diluted EPS | 0.02 | 0.12 | 0.11 | 0.11 | |
| Net profit margin | 0.54% | 2.63% | 2.52% | 2.75% | |
| Operating income | 1.84M | 6.24M | 6.79M | 6.29M | |
| Net change in cash | -1.04M | 694K | -420K | -350K | |
| Cash on hand | 5.54M | 6.58M | 5.89M | 6.31M | |
| Cost of revenue | 57.58M | 83.99M | 77.42M | 71.45M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 468.19M | 454.27M | 355.05M | 312.11M | |
| Net income | 13.6M | 24.06M | 20.36M | 13.02M | |
| Diluted EPS | 0.46 | 0.81 | 0.68 | 0.44 | |
| Net profit margin | 2.91% | 5.30% | 5.73% | 4.17% | |
| Operating income | 26.22M | 39.02M | 26.79M | 20.54M | |
| Net change in cash | 413K | -5.17M | 3.47M | 2.35M | |
| Cash on hand | 6.58M | 6.17M | 11.34M | 7.87M | |
| Cost of revenue | 290.83M | 271.64M | 207.66M | 183.83M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 15 Jun 20 | Trogele Ulrich | Common Stock | Buy | Aquire P | 12.22 | 2,000 | 24.44K | 128,002 |
| 12 Jun 20 | Zirakparvar Esmail | Common Stock | Buy | Aquire P | 12.49 | 3,280 | 40.97K | 41,939 |
| 3 Jun 20 | Killmer John L. | Common Stock | Grant | Aquire A | 0 | 5,974 | 0 | 51,054 |
| 3 Jun 20 | Baskin Scott | Common Stock | Grant | Aquire A | 0 | 2,987 | 0 | 22,471 |
Institutional ownership Q1 2020
79.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 109 |
| Opened positions | 8 |
| Closed positions | 9 |
| Increased positions | 37 |
| Reduced positions | 40 |
13F shares |
Current |
|---|---|
| Total value | 346.48M |
| Total shares | 23.99M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 4.25M | $61.49M |
| Vanguard | 2.91M | $42.1M |
| Dimensional Fund Advisors | 2.53M | $36.62M |
| N Price T Rowe Associates | 2.03M | $29.36M |
| Wellington Management | 1.4M | $20.2M |
| JHG Janus Henderson | 1.24M | $17.95M |
| Heartland Advisors | 1.03M | $14.89M |
| STT State Street | 874.39K | $12.66M |
| Cove Street Capital | 493.82K | $7.14M |
| BMO Bank Of Montreal | 471.29K | $6.49M |
Financial report summary
?Management Discussion
- Domestic sales for the year ended December 31, 2019 were $282,225, as compared to $300,314 in 2018, a decrease of 6%. Sales were adversely affected by several factors. Unusually hot and dry autumn weather in the Southeastern U.S. followed by an early frost in Texas resulted in much lower demand for our U.S. cotton defoliant Folex®. In addition, sales of our soil fumigant products declined in light of record-setting rainfall across multiple regions, particularly in California and the Pacific Northwest, during the first half of the year, followed by snow and rain in the upper Midwest during the second half of the year. Additionally, full-year sales of several products (paraquat, abamectin and chlorothalonil) acquired in 2017 declined as a result of unfavorable weather, supply chain disruptions and competitive market pressures. In addition, we experienced a slight decline in sales of our mosquito adulticide Dibrom® to more normal annual levels, following the exceptional hurricane-driven demand of 2017 and 2018. These declines were partially offset by strong demand for our cotton foliar insecticide Bidrin® and certain of our premium Midwest corn products.
Content analysis
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H.S. freshman Avg
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New words:
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Removed:
adequately, advertising, AgriCenter, apply, applying, approximate, assessing, borrow, Broadly, chlorothalonil, collectively, commencement, comparing, component, comprised, consistent, Counter, covering, Dacthal, decentralized, Delaware, delivered, derived, determining, developing, driver, DuPont, evaluated, expedient, exposure, foliar, forward, hindsight, hurricane, implicit, incremental, leasing, light, Midwest, mitigated, nature, Nemacur, offered, OHP, Parazone, PCNB, perform, pesticide, portion, practical, preliminarily, procedure, reassessed, relevant, resulted, ROU, single, Southeast, speaking, steady, test, testing, thereto, transition, translated, TyraTech, unchanged, unpaid, unrecognized, utilized, warehouse, wet
Financial reports
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
10 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
12 Mar 19
10-Q
2018 Q3
Quarterly report
6 Nov 18
10-Q
2018 Q2
Quarterly report
6 Aug 18
10-Q
2018 Q1
Quarterly report
8 May 18
10-K
2017 FY
Annual report
14 Mar 18
Current reports
8-K
American Vanguard Announces Voting Results
9 Jun 20
8-K
American Vanguard Reports First Quarter 2020 Results
12 May 20
8-K
Entry into a Material Definitive Agreement
28 Apr 20
8-K
American Vanguard Reports Fourth Quarter and Full Year 2019 Results
10 Mar 20
8-K
American Vanguard Issues 2019YEAR-END Financial Guidance Update
31 Jan 20
8-K
American Vanguard Acquires Herbicide Brands from Corteva Agriscience
23 Dec 19
8-K
American Vanguard Declares Quarterly Dividend
10 Dec 19
8-K
American Vanguard Reports Third Quarter and Nine-month 2019 Results
6 Nov 19
8-K
American Vanguard’s Quarterly Net Sales Improve Year-over-year, but Fall
16 Oct 19
8-K
American Vanguard Announces Appointment of New Director
18 Sep 19
Registration and prospectus
8-A12B
Registration of securities on exchange
28 Feb 06
424B5
Prospectus supplement for primary offering
9 Feb 06
S-8
Registration of securities for employees
15 Jun 05
S-3
Shelf registration
25 Feb 05
S-3/A
Shelf registration (amended)
28 Apr 04
S-3/A
Shelf registration (amended)
28 Jan 04
S-3
Shelf registration
30 Sep 03
S-8
Registration of securities for employees
7 Jan 03
S-8
Registration of securities for employees
2 Jan 02
S-8
Registration of securities for employees
29 Jun 01
Proxies
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEF 14A
Definitive proxy
21 Apr 20
DEFA14A
Additional proxy soliciting materials
22 Apr 19
DEF 14A
Definitive proxy
22 Apr 19
DEF 14A
Definitive proxy
23 Apr 18
DEF 14A
Definitive proxy
21 Apr 17
DEFA14A
Additional proxy soliciting materials
21 Apr 17
DEF 14A
Definitive proxy
25 Apr 16
DEFA14A
Additional proxy soliciting materials
25 Apr 16
DEF 14A
Definitive proxy
23 Apr 15
Other
UPLOAD
Letter from SEC
15 May 13
CORRESP
Correspondence with SEC
19 Apr 13
UPLOAD
Letter from SEC
19 Mar 13
CORRESP
Correspondence with SEC
18 Jan 13
CORRESP
Correspondence with SEC
13 Dec 12
UPLOAD
Letter from SEC
12 Dec 12
UPLOAD
Letter from SEC
16 Aug 10
CORRESP
Correspondence with SEC
5 Aug 10
UPLOAD
Letter from SEC
2 Jul 10
CT ORDER
Confidential treatment order
17 Mar 09
Ownership
3
AMERICAN VANGUARD / Shayne M Wetherall ownership change
17 Jun 20
4
AMERICAN VANGUARD / Ulrich Trogele ownership change
17 Jun 20
4
AMERICAN VANGUARD / Esmail Zirakparvar ownership change
15 Jun 20
4
AMERICAN VANGUARD / Scott Baskin ownership change
12 Jun 20
4
AMERICAN VANGUARD / Lawrence S Clark ownership change
8 Jun 20
4
AMERICAN VANGUARD / Emer Gunter ownership change
6 Jun 20
4
AMERICAN VANGUARD / Esmail Zirakparvar ownership change
5 Jun 20
4
AMERICAN VANGUARD / Morton D Erlich ownership change
5 Jun 20
4
AMERICAN VANGUARD / Alfred F. Ingulli ownership change
5 Jun 20
4
AMERICAN VANGUARD / Debra F. Edwards ownership change
5 Jun 20
Patents
GRANT
Utility
Tagged container tracking
30 Jun 20
A system and method that automatically monitors product use, such as the type and amount of agricultural and/or horticultural product stored in and dispensed from a cartridge over time and/or by geographic location.
GRANT
Utility
Container system for transporting and dispensing agricultural products
12 May 20
A container system for transporting and dispensing agricultural products.
APP
Utility
System for Providing Prescriptive Application of Multiple Products
23 Apr 20
A system for dispensing crop input products from multiple meters per crop row, including: a) a georeferencing module configured to receive and process georeferenced location information; b) a prescriptive control module configured to receive the processed georeferenced location information from the georeferencing module and utilize the georeferenced location information to generate specific prescriptive rate information for individual meters in the field; and, c) a meter controller module operatively connected to the prescriptive control module.
GRANT
Utility
System and process for dispensing multiple and low rate agricultural products
15 Oct 19
A system for dispensing agricultural products includes: a master controller, sets of agricultural product containers, meter devices, and secondary controllers.