Vanguard doesn't expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024.The Fed on Wednesday left interest rates unchanged for the fifth consecutive time, as expected, keeping its benchmark overnight borrowing rate in a range between 5.25%-5.5%.It also said it still expects three quarter-percentage-point cuts by the end of the year.The message fueled a market rally in both the U.S. and beyond. ...

The price-to-earnings (P/E) ratio is broadly considered the yardstick for evaluating the fair market value of a stock. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this universally used valuation multiple is not without its limitations.Although P/E is the most popular valuation metric, a more complicated multiple called EV-to-EBITDA works even better. Often considered a better alternative to P/E, it gives the true picture of a company’s valuation and ...

Exhibit 99.1 FOR IMMEDIATE RELEASE AMERICAN VANGUARD REPORTS FOURTH QUARTER & FULL YEAR 2023 RESULTS SETS $15MM ADJUSTED EBITDA GAIN AS TRANSFORMATION TARGET Newport Beach, CA – March 14, 2024 – American Vanguard Corporation (NYSE: AVD) today announced financial results for the fourth quarter and full year ended December 31, 2023. Fiscal 2023 Fourth Quarter Financial Highlights – versus Fiscal 2022 Fourth Quarter: • Net sales were $172.2 million in 2023, compared to $159.5 million in 2022 • Net income was $ ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...

American Vanguard Corporation (AVD) logged earnings of 25 cents per share in the fourth quarter of 2023 against earnings of 13 cents a year ago. It was in line with the Zacks Consensus Estimate of 25 cents.Revenues were $172.2 million for the reported quarter, up around 8% year over year. Revenues missed the Zacks Consensus Estimate of $172.7 million. In the fourth quarter, the company experienced a rebound following challenges such as global destocking within the distribution channel, oversupply of Chinese ...

American Vanguard Corporation (NYSE:AVD) Q4 2023 Results Conference Call March 14, 2024 5:00 PM ET Company Participants Bill Kuser - Director of Investor Relations Eric Wintemute - Chairman and Chief Executive Officer David Johnson - Chief Financial Officer Bob Trogele - Chief Operating Officer Don Gualdoni - Chief Transformation Officer Tim Donnelly - Chief Administrative Officer Conference Call Participants Scott Fortune - ROTH MKM Chris Kapsch - Loop Capital Markets Andrew Lester - Harla Capital Operator ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corporation (NYSE: AVD) announced that its Board of Directors has declared a cash dividend in the amount of $0.03 per share of the company’s common stock to shareholders of record as of March 27, 2024, for distribution on April 10, 2024. Chairman and CEO Eric W. Wintemute commented, “This dividend payment continues our history of providing cash returns to shareholders reflecting the confidence that the Board of Directors has in our core business, ou ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. American Vanguard (AVD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.American Vanguard is a member of our Basic Materials group, which includes 237 diffe ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corporation (NYSE: AVD) announced that Mort Erlich, who has served on the company’s board of directors since October 2013, has expressed his intention to retire effective as of the filing of the Form 10-K for the period ended December 31, 2023. Mr. Erlich joined American Vanguard after a 34-year career with KPMG LLP and has served as the Chair of the company’s Audit Committee, as well as a member of both the Compensation Committee and Nominating & Co ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has American Vanguard (AVD) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.American Vanguard is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers ...