Financial Data and Key Metrics Changes - The company's net sales for Q1 2019 decreased by 4% to $100 million compared to $104 million in the same quarter last year [14][15] - Gross margins improved to 42% from 39% year-over-year, driven by strong manufacturing efficiency and an optimal product mix [9][15] - Net income decreased by 16% to $3.9 million or $0.13 per share, down from $4.7 million or $0.16 per share in the prior year [16] Business Line Data and Key Metrics Changes - Domestic sales were significantly impacted by adverse weather conditions, leading to a decline in orders [6][14] - International sales grew, representing 38% of net sales compared to 33% last year, largely due to the acquisition of a Brazilian subsidiary [15][16] - Operating expenses increased to 35% of net sales from 32% in the previous year, influenced by new acquisitions [15] Market Data and Key Metrics Changes - The company reported a 15% to 30% decline in net sales from customers due to weather-related delays in planting and product usage [7][14] - EDI sales for domestic regions caught up to within 3% of 2018 sales as of April 15, indicating a potential recovery [8] Company Strategy and Development Direction - The company is focused on diversifying through international acquisitions and managing operational efficiencies to weather market challenges [5] - A strategic acquisition in Brazil is seen as a key move to establish a foothold in the world's largest agricultural market [20] - The company plans to continue enhancing factory efficiency while reducing inventory to generate cash flow and strengthen the balance sheet [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recouping lost sales over the remainder of 2019, despite the slow start due to weather conditions [21][24] - The company raised its full-year revenue guidance from $490 million to a range of $510 million to $530 million [11] - Management emphasized a disciplined approach to managing operating expenses and maintaining a strong gross margin [12][16] Other Important Information - The company is actively developing its SIMPAS precision application system, with plans for limited retail distribution in 2020 [21][22] - Inventory levels increased to $190 million from $160 million at the end of 2018, with expectations to reduce it to approximately $145 million by year-end [10][19] Q&A Session Summary Question: Impact of safety inspections and tariffs on raw material procurement from China - Management indicated that while there are concerns about one specific product due to a nearby incident, overall supply remains stable and tariffs may not significantly impact costs [27][29] Question: Addressable market for SIMPAS technology - Management discussed targeting six primary crops and expanding into markets like Brazil and Australia, emphasizing the potential for significant acreage benefits [31][34] Question: Product mix and margin maintenance - Management attributed strong margins to a focus on gross margin dollars rather than top-line sales, utilizing a natural flow program to align supply with demand [44] Question: Acquisition strategy amidst increasing debt - Management reassured that they are always looking for acquisition opportunities and have strong relationships with banks to support potential deals [46][47]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.10 par value AVD New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 001-13795 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Year Ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number 001-13795 AMERICAN VANGUARD CORPORATION Delaware 95-2588080 (State or other jurisdiction of Incorporation or organization) (I.R.S. Employer Identification ...