American Vanguard Corp. (AVD) Tops Q3 EPS by 4c

American Vanguard Reports Third Quarter & Nine-Month 2015 Results

November 2, 2015 4:05 PM EST

Improvement in Profitability Despite Challenging Industry Conditions

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- American Vanguard Corporation (NYSE: AVD), today announced financial results for the third quarter and nine-month period ended September 30, 2015.

Fiscal 2015 Third Quarter Financial Highlights versus Fiscal 2014 Third Quarter Results

Net sales increased from $71.6 million to $72.5 million

Net income increased from $0.7 million to $2.8 million

Earnings per diluted share improved from $0.03 to $0.09

Fiscal 2015 Nine Month Financial Highlights versus Fiscal 2014 Nine Month

Net sales declined from $221.0 million to $205.6 million

Net income increased from $3.0 million to $3.6 million

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American Vanguard Announces Licensing of Scepter-based Herbicides for Weed Control in Soybean and Turf Applications

November 2, 2015 9:15 AM EST

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- American Vanguard Corporation (NYSE: AVD), today announced that its wholly-owned subsidiary, Amvac Chemical Corporation, has licensed Scepter-based herbicide products from BASF Corporation for use in the United States and its territories. Scepter, is a broad-spectrum herbicide that can be used for both pre-emergence and post-emergence control of broadleaf weeds in soybeans. Other Scepter-based formulations can be used as selective post-emergence herbicides that provide superior control of many hard-to-control weeds in turf applications.

The licensing agreement includes transfer of EPA end-use registrations & labels, purchase of technical product... More