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American Vanguard (AVD) - 2023 Q4 - Annual Results
AVDAmerican Vanguard (AVD)2024-03-18 20:04

Exhibit 99.1 FOR IMMEDIATE RELEASE AMERICAN VANGUARD REPORTS FOURTH QUARTER & FULL YEAR 2023 RESULTS SETS 15MMADJUSTEDEBITDAGAINASTRANSFORMATIONTARGETNewportBeach,CA–March14,2024–AmericanVanguardCorporation(NYSE:AVD)todayannouncedfinancialresultsforthefourthquarterandfullyearendedDecember31,2023.Fiscal2023FourthQuarterFinancialHighlights–versusFiscal2022FourthQuarter:•Netsaleswere15MM 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 159.5millionin2022•Netincomewas159.5 million in 2022 • Net income was ...