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
Calendar
10 Mar 20
7 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 130.52M | 124.88M | 113.1M | 99.68M | |
| Net income | 3.44M | 3.15M | 3.11M | 3.91M | |
| Diluted EPS | 0.12 | 0.11 | 0.11 | 0.13 | |
| Net profit margin | 2.63% | 2.52% | 2.75% | 3.92% | |
| Operating income | 6.24M | 6.79M | 6.29M | 6.9M | |
| Net change in cash | 694K | -420K | -350K | 489K | |
| Cash on hand | 6.58M | 5.89M | 6.31M | 6.66M | |
| Cost of revenue | 83.99M | 77.42M | 71.45M | 57.97M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 468.19M | 454.27M | 355.05M | 312.11M | |
| Net income | 13.6M | 24.2M | 20.27M | 12.79M | |
| Diluted EPS | 0.46 | 0.81 | 0.68 | 0.44 | |
| Net profit margin | 2.91% | 5.33% | 5.71% | 4.10% | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| 13 Mar 20 | Wintemute Eric G | Common Stock | Buy | Aquire P | 13.07 | 2,000 | 26.14K | 972,060 |
| 5 Dec 19 | Emer Gunter | Common Stock | Grant | Aquire A | 0 | 2,202 | 0 | 2,202 |
| 5 Sep 19 | John L. Killmer | Common Stock | Buy | Aquire P | 15.22 | 400 | 6.09K | 45,080 |
| 5 Sep 19 | John L. Killmer | Common Stock | Buy | Aquire P | 15.22 | 100 | 1.52K | 44,680 |
Institutional ownership Q4 2019
80.7% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 110 |
| Opened positions | 11 |
| Closed positions | 19 |
| Increased positions | 38 |
| Reduced positions | 36 |
13F shares |
Current |
|---|---|
| Total value | 474.22M |
| Total shares | 24.36M |
| Total puts | 0 |
| Total calls | 10.7K |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 4.4M | $85.57M |
| Vanguard | 2.91M | $56.6M |
| Dimensional Fund Advisors | 2.53M | $49.29M |
| N Price T Rowe Associates | 1.96M | $38.13M |
| Wellington Management | 1.4M | $27.25M |
| Heartland Advisors | 1.04M | $20.2M |
| STT State Street | 813.17K | $15.85M |
| JHG Janus Henderson | 792.14K | $15.42M |
| Cove Street Capital | 663.88K | $12.93M |
| Polar Asset Management Partners | 514.14K | $10.01M |
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:
affecting, anytime, arrange, automatic, broad, Bulletin, cane, chosen, clarify, classification, Communication, comparative, competitor, depict, disrupt, enhanced, entirety, eradication, evaluated, field, flow, footnote, gas, identifying, impaired, implementation, imported, indefinite, intermittently, kind, MO, naled, Nomination, Offsetting, participating, pattern, positively, practice, realizability, reclassification, reflecting, relation, remeasured, remeasurement, Rent, representing, retaining, retrospective, revived, scope, showed, Smart, soda, spending, sugar, suppression, termination, twenty, user, varying, vehicle, yearly
Financial reports
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
10-Q
2017 Q3
Quarterly report
2 Nov 17
Current reports
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
8-K
American Vanguard Reports Second Quarter Andmid-year 2019 Results
7 Aug 19
8-K
Results of Operations and Financial Condition
24 Jul 19
8-K
American Vanguard Announces Voting Results
11 Jun 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
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
DEF 14A
Definitive proxy
23 Apr 14
DEF 14A
Definitive proxy
23 Apr 13
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
4
AMERICAN VANGUARD / ERIC G WINTEMUTE ownership change
17 Mar 20
SC 13G/A
Beneficial ownership report (amended)
14 Feb 20
SC 13G/A
Beneficial ownership report (amended)
12 Feb 20
SC 13G/A
American Vanguard Corp
12 Feb 20
SC 13G/A
Beneficial ownership report (amended)
4 Feb 20
4
AMERICAN VANGUARD / Emer Gunter ownership change
9 Dec 19
3
AMERICAN VANGUARD / Emer Gunter ownership change
9 Dec 19
3
AMERICAN VANGUARD / Suneet Ranganath ownership change
30 Sep 19
4
AMERICAN VANGUARD / John L. Killmer ownership change
6 Sep 19
4
AMERICAN VANGUARD / Ulrich Trogele ownership change
5 Sep 19