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FULL YEAR: AMERICAN VANGUARD'S NET SALES UP 22%, EARNINGS UP 35% - $31 MILLION
American Vanguard reports:

Newport Beach, CA - American Vanguard Corporation (NYSE: AVD) today announced preliminary, unaudited financial results for the fourth quarter and full year ended December 31, 2021.

Fiscal 2021 Fourth Quarter Financial Highlights - versus Fiscal 2020 Fourth Quarter:

Net sales were $159 million in 2021, compared to $141 million in 2020
Operating income was $9.4 million in 2021, compared to $10.1 million in 2020
EBITDA1 of $14.8 million in 2021, compared to $17.1 million in 2020
Both operating income and EBITDA from 2020 benefited from a one-time gain of $4.6 million due to bargain purchase accounting

Fiscal 2021 Full Year Financial Highlights - versus Fiscal 2020 Full Year:

Net sales were $557 million in 2021, compared to $459 million in 2020
Operating income was $30.9 million in 2021, compared to $22.9 million in 2020
Net income was $18.6 million* in 2021, compared to $15.2 million in 2020
Earnings per diluted share of $0.61* in 2021, compared to $0.51 in 2020
EBITDA1 of $56.8 million in 2021, compared to $47.5 million in 2020

To view the complete report, click here.


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