Market Overview

American Vanguard Says Elevated Channel Inventory will Affect Q4 and Full Year 2013 Performance

American Vanguard Corporation (NYSE: AVD) today announced that elevated
channel inventories, arising primarily from prolonged wet weather last
spring in the midwestern United States, will affect its fourth quarter
and full year 2013 financial performance. Net sales for the fourth
quarter of 2013 will be approximately 30% below those of the comparable
period in 2012, and we anticipate reporting net earnings that are
break-even plus or minus a few cents per share for the quarter. In
comparison to full-year 2012 results, net sales for 2013 are expected to
be up about 5%, and net income will likely be flat to down 15%.

See full press release

Posted-In: News Guidance Contracts Management Global

 

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