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 Mar. 9, 2022 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. Tweet |
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