American Vanguard (AVD) Q4 Earnings Top, Sales Lag Estimates
Zacks Investment Research | Mar 12, 2019 11:05PM ET
American Vanguard Corporation (NYSE:AVD) recorded profit of $7.4 million or 25 cents per share for the fourth quarter of 2018, down around 12% from $8.4 million or 28 cents it earned a year ago. Results in the year-ago quarter include a one-time tax benefit of $3.4 million. Earnings per share for the reported quarter surpassed the Zacks Consensus Estimate of 23 cents.
Revenues rose around 13% year over year to $131 million in the reported quarter. Sales, however, fell short of the Zacks Consensus Estimate of $132 million.
For full-year 2018, profit was $24.2 million or 81 cents per share, up roughly 19% from $20.3 million or 68 cents recorded in 2017.
Net sales for 2018 jumped roughly 28% year over year to $454 million driven by the contributions from acquisitions completed last year.
The company’s net sales from the United States went up 17% year over year to $300.3 million in 2018 while international revenues shot up around 56% to roughly $154 million.
American Vanguard Corporation Price, Consensus and EPS Surprise
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