American Vanguard Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales $108 million, down from $119 million year over year
- ➤Q3 net loss $17.7 million, versus $12.4 million loss
- ➤Q3 gross margin fell to 24% from 29% year over year
- ➤Full-year outlook targets $36 million-$40 million Adjusted EBITDA on $500 million-$530 million sales
- ➤International sales fell 17%, while U.S. sales declined 2% in Q3
- ➤New Syngenta brands and Sipcam distribution agreement support $100 million annualized new-product revenue goal by 2030
Expert Statements
Dak Kaye, CEO of American Vanguard
“Our actions are taking hold, and the progress we are making across American Vanguard continues to build, even as market conditions remain difficult, particularly outside the U.S., where El Niño is materially impacting our business this year.”
Dak Kaye, CEO of American Vanguard
“In the U.S., our largest and most important market, we continue to outperform our peers in a challenging environment.”
Dak Kaye, CEO of American Vanguard
“The cost actions we took in the first half, including the rationalization of our Los Angeles facility and the relocation of our headquarters are beginning to deliver operational savings.”
Dak Kaye, CEO of American Vanguard
“In the near term, however, those savings have been more than offset by a sharp rise in diesel and other transportation costs arising from instability in the Middle East.”
Dak Kaye, CEO of American Vanguard
“We are working to recover gross margins through commercial actions.”
Dak Kaye, CEO of American Vanguard
“Importantly, we are building a new product engine that we believe will drive growth over the next several years.”
Dak Kaye, CEO of American Vanguard
“Combined with our pipeline of new product launches, these additions support our goal of driving $100 million in annualized revenue from new products by 2030.”
Dak Kaye, CEO of American Vanguard
“Our focus is the same in every market: stay close to our customers, provide service and solutions, and control what we can control.”
Matt Horwath, Chief Financial Officer of American Vanguard
“We began to see progress this quarter in terms of lower operating costs and improved manufacturing efficiencies as a result of actions taken earlier this year.”
Matt Horwath, Chief Financial Officer of American Vanguard
“However, this progress was more than offset in the quarter by the effects of negative operating leverage, driven by lower international sales and higher raw material and transportation costs.”
Matt Horwath, Chief Financial Officer of American Vanguard
“Net trade working capital improved by $22 million, or 14%, versus the prior year period.”
Matt Horwath, Chief Financial Officer of American Vanguard
“Higher pre-payments in the quarter, which increase by 44% year-over-year, demonstrate customer confidence and bode well for revenue in the 2027 planting season.”
IRVINE, CA / ACCESS Newswire / November 9, 2026 / American Vanguard Corporation, a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop protection and nutrition, turf and ornamental management and commercial pest control, today reported financial results for the third quarter and nine-months ended September 30, 2026.
Third Quarter 2026 Financial and Operational Highlights - versus Third Quarter 2025 * Net sales of $108 million as compared to $119 million; * Gross profit margin of 24%, as compared to 29%; * Operating loss of $8.0 million, as compared to operating loss of $6.5 million; * Net loss of $17.7 million, as compared to $12.4 million; * Breakeven Adjusted EBITDA([1]) as compared to $8.3 million; * EPS of ($0.61), as compared to ($0.43) * Revise Full-Year Outlook; Adjusted EBITDA $36 million to $40 million on Sales of $500 million to $530 million Dak Kaye, CEO of American Vanguard, stated, "Our actions are taking hold, and the progress we are making across American Vanguard continues to build, even as market conditions remain difficult, particularly outside the U.S., where El Niño is materially impacting our business this year. In the U.S., our largest and most important market, we continue to outperform our peers in a challenging environment. The cost actions we took in the first half, including the rationalization of our Los Angeles facility and the relocation of our headquarters are beginning to deliver operational savings. In the near term, however, those savings have been more than offset by a sharp rise in diesel and other transportation costs arising from instability in the Middle East. We are working to recover gross margins through commercial actions."
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