Monitor 2026 execution on cost savings from LA facility rationalization and new product launches. The company's ability to achieve forecasted EBITDA growth of 12.8% while increasing sales will be key. Watch for improvements in international sales and working capital management.
Price Chart
Executive Summary
American Vanguard reported a 6% YoY revenue decline to $515.1M in 2025, but improved gross margin to 29% and maintained Adjusted EBITDA at $39.2M. The company secured $285M in new term loans, plans to rationalize its LA facility (saving $4M annually), and forecasts 2026 Adjusted EBITDA of $44-48M on $530-550M in sales.
Key Financial Metrics
Key Facts
- 2025 revenue: $515.1M (-6% YoY), driven by 14% decline in international sales
- 2025 Adjusted EBITDA: $39.2M (flat YoY), gross margin improved to 29% from 22%
- GAAP net loss: $49.9M (improved from $126.3M loss in 2024)
- Secured $285M in new term loans, replacing revolving credit facility
- Forecasting 2026 Adjusted EBITDA of $44-48M on $530-550M in sales
- Rationalizing LA manufacturing facility, expected to save $4M annually
- Fully remediated all material weaknesses from 2024 audit
Financial Impact
Revenue down 6% YoY to $515.1M, Adjusted EBITDA flat at $39.2M, forecasting 12.8% growth to $44-48M in 2026
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| U.S. crop | $221.4M | -3.0% |
| U.S. non-crop | $90.3M | +10.0% |
| International | $203.4M | -14.0% |
Risk Factors
- International sales declined 14% due to channel inventory issues and drought
- Q4 revenue missed expectations, impacting full-year EBITDA target
- Execution risk on facility rationalization and cost savings
- Agricultural market remains weak with farmer liquidity concerns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-114235 |
| Document: d878596d8k.htm | 0001193125-26-114235 |
| Document: 0001193125-26-114235-index.html | 0001193125-26-114235 |
| Document: 0001193125-26-114235.txt | 0001193125-26-114235 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 26d ago | 8-K | $1.75 | awaiting T+20 | — | $1.08 (−38.29%) |
Aug 20, 2026 9w ago | Insider Cluster | $2.30 $2.06 | ▲ +10.43% | ▲ +9.91% | $1.08 (+53.04%) |
Jun 8, 2026 20w ago | 8-K | $2.99 $2.97 | ▼ −0.67% | ▼ −2.12% | $1.08 (−63.88%) |
Mar 18, 2026 31w ago | 8-K | $2.61 $2.64 | ▲ +1.15% | ▼ −6.47% | $1.08 (−58.62%) |
US Market Status
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