More than a dozen financial firms are involved in new bitcoin ETFs that began trading on Thursday, but one of the biggest fund issuers and money managers in the world still won't touch cryptocurrency.A Vanguard spokeswoman told CNBC that the asset management giant has no plans to create a bitcoin ETF of its own, or to even offer funds from other issuers on its trading platform."While we continuously evaluate our brokerage offer and evaluate new product entries to the market, spot Bitcoin ETFs will not be av ...

American Vanguard Corporation (NYSE:AVD) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants William Kuser - VP, IR Eric Wintemute - Chairman and CEO David Johnson - CFO Conference Call Participants Brandon Rogers - ROTH Capital Partners Chris Kapsch - Loop Capital Markets Wayne Pinsent - Gabelli Funds Operator …Earnings Conference Call. At this time all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation [Operator Ins ...

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 SEPTEMBER 30, 2023 ☐ 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 001-1 ...

Financial Data and Key Metrics Changes - In Q2 2023, overall net sales decreased by 10% compared to the same period in 2022, amounting to a decline of approximately $15 million [14] - The company adjusted its full-year 2023 performance targets, projecting net sales between $615 million and $625 million, adjusted EBITDA between $70 million and $75 million, and net income between $20 million and $24 million [5][23] - Gross margin percentage for Q2 2023 was 32%, down from 33% in 2022, primarily due to increased international sales and generic price competition [14] Business Line Data and Key Metrics Changes - U.S. crop business net sales were down 11%, impacted by the unavailability of a high-margin herbicide [6] - Non-crop business net sales decreased by about 20% due to retailers reducing inventory levels [8] - International sales dropped by 6%, with strong performance in Mexico and Australia not enough to offset competition from low-priced generic products in Central America and Brazil [8] Market Data and Key Metrics Changes - The global agricultural chemical industry experienced an average sales drop of approximately 20%, while the company’s sales decline was only 10% [6] - Channel inventory of corn soil insecticides is at historic lows, with only 12% of the amount applied last year, indicating potential for increased demand [20] Company Strategy and Development Direction - The company is focusing on managing expenses to improve operating leverage and is optimistic about a recovery in the second half of the year [4][5] - The Green Solutions portfolio continues to grow, with a 21% increase in sales compared to Q2 2022, indicating a shift towards more sustainable products [10] - The company is advancing its SIMPAS precision application system in Brazil, which is expected to enhance market presence and revenue opportunities [12][13] Management's Comments on Operating Environment and Future Outlook - Management noted that the farm economy remains strong with stable commodity prices, which should support demand in the second half of the year [20] - The company anticipates that domestic sales will be approximately flat compared to last year, while international business is expected to grow by 3% to 5% [22] - Management emphasized the importance of financial discipline and operating efficiency in the current market conditions [25] Other Important Information - The company has initiated a stock repurchase plan, reflecting confidence in its equity value [10] - A one-time tax expense in Brazil impacted overall performance, marking only the second loss recorded in the last 55 quarters [16] Q&A Session Summary Question: Impact of inventory destocking on market share - Management acknowledged the pressure from glyphosate pricing but noted that their products remain complementary and have maintained market share [28] Question: Changes in competitive landscape due to destocking - Management confirmed that pricing pressure has increased across all markets, but they are focusing on products with stronger margins [31] Question: Confidence in inventory normalization - Management explained their inventory tracking system and expressed confidence in the accuracy of their inventory levels [36] Question: Updates on SIMPAS solution in Brazil - Management indicated that they are monitoring the adoption of SIMPAS and will provide updates in future calls [42] Question: Cost reduction initiatives - Management highlighted efforts to improve inventory management and factory efficiencies as part of their cost reduction strategy [45]

Q2 2023 Earnings Call August 8, 2023 Participants Eric Wintemute Chairman & Chief Executive Officer David Johnson Chief Financial Officer ...

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 June 30, 2023 ☐ 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 (NYSE:AVD) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Bill Kuser - Director of IR & Corporate Communications Eric Wintemute - Chairman & CEO Scott Hendrix - SVP of Crop Sales for U.S. & Canada David Johnson - VP, CFO & Treasurer James Thompson - Director of Business Development Ulrich Trogele - COO & Executive VP Conference Call Participants Chris Kapsch - Loop Capital Gerry Sweeney - ROTH Capital Wayne Pinsent - Gabelli Operator Welcome to the ...

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, $0.10 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, 2023 ☐ 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 001-1379 ...

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, $0.10 par value AVD New York Stock Exchange 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, 2022 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 AMERICA ...

Financial Data and Key Metrics Changes - The company reported a net sales growth of 9% for the full year 2022, with net income increasing by 47% compared to 2021 [5][12] - Gross profit margin improved to 40%, up from 38% in 2021, while operating expenses remained at 33% of sales [12][13] - Adjusted EBITDA increased by 15% year-over-year, reaching $73 million, with an EBITDA margin improvement to 12% [14][15] Business Line Data and Key Metrics Changes - The U.S. crop business grew by 9% to $289 million, while the international business saw a 13% increase to $244 million [12][14] - The non-crop business remained stable despite a 30% drop in the domestic consumer product market, with a rebound in the commercial non-crop segment [8][12] - The Green Solutions business experienced a revenue growth of 32%, increasing from $37 million in 2021 to $49 million in 2022 [24] Market Data and Key Metrics Changes - The company's international business recorded its highest sales increase, driven by strong demand for green solutions and soil fumigants in Mexico and Australia [8][9] - The Latin American business achieved a record milestone of $100 million in sales [9] Company Strategy and Development Direction - The company is focused on expanding its core business, green solutions, and precision application technologies, with a target of $694 million in revenues by 2025 [22] - The SIMPAS technology platform is being restructured into a dedicated business unit to enhance focus and drive adoption [35][70] - The company plans to continue investing in acquisitions and partnerships to grow its green solutions portfolio [19][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the 2023 outlook, expecting net sales to grow between 8% and 12% due to high demand for corn and soybean products [36] - The company anticipates improved supply chain conditions and low inventory levels, which should support sales growth [44][60] Other Important Information - The company has authorized a stock repurchase program of up to $15 million for 2023 [21] - A change in accounting treatment for outbound freight costs is planned, which will affect financial ratios but not net income [16] Q&A Session Summary Question: Market conditions and pricing actions - Management indicated that they have successfully implemented price increases to offset inflationary costs, with a strong position to maintain margins despite competitive pressures [41][42] Question: Supply chain issues and sales recovery - Management confirmed that supply chain disruptions affecting the Aztec product have improved, with production resuming and alternative products being offered [43][44] Question: Growth platforms and visibility through 2025 - Management reiterated confidence in achieving growth targets for green solutions and discussed ongoing M&A activity as a key driver for growth [49][51] Question: Channel inventories and visibility - Management noted that channel inventories are at low levels, which positions the company well for the upcoming season [56][59] Question: Metrics for evaluating early technologies in M&A - The company uses a 10-year P&L forecast and a hurdle rate of 10% to 15% for evaluating acquisitions, aiming for accretive deals from day one [62][64] Question: Gross margin improvement sustainability - Management expressed confidence in maintaining gross margin improvements through effective pricing strategies [65][66] Question: Resources for SIMPAS adoption - Management confirmed that dedicated resources are being allocated to drive SIMPAS adoption in both the U.S. and Brazil [68][70]