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Fly News Breaks for March 12, 2015
AVD
News For AVD From the Last 2 Days
AVD
May 10, 2024 | 12:00 EDT
American Vanguard is down -22.3%, or -$2.82 to $9.82.
AVD
May 10, 2024 | 10:00 EDT
AVD
May 9, 2024 | 16:10 EDT
Reports Q1 revenue $135.143M vs $124.885M last year. Eric Wintemute, Chairman and CEO of American Vanguard, stated: "We attained improved operating leverage with a significant increase in adjusted EBITDA and operating income, during the first quarter as compared to last year. This is due in part to our cost control initiatives, on account of which our operating expenses reduced as a percent of net sales, even after including our transformation costs. We expect to gain greater efficiencies through our transformation program which we have begun in earnest and which we expect will generate an additional $15 million of adjusted EBITDA on an annualized basis by 2026."
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