Am Vanguard Reports Q3 2026 Earnings Decline Amid International Weather Challenges
Am Vanguard (AVD) reported a challenging third quarter for 2026, with net sales falling 9% year-over-year to $108 million. The company's performance was significantly hampered by adverse weather conditions caused by El Niño in Latin America, which led to a 17% decline in international sales. Additionally, surging diesel prices and higher raw material costs compressed gross margins to 24.2%, down from 28.7% in the prior year. In response to these headwinds, management has revised its full-year revenue guidance downward to a range of $500 million to $530 million. Despite the quarterly decline and lowered outlook, the company is focusing on cost-saving initiatives and strategic acquisitions, including recent brand registrations from Syngenta. Management expects a stronger fourth quarter with projected sales of approximately $166 million.
Tickers: $AVD
Topics: Adjusted EBITDA Gross Margin International Sales Net Sales Revenue Guidance
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Part of the story American Vanguard Lowers Revenue Guidance Amid Manufacturing Restructuring (2 articles)