American Vanguard Q2 FY26 turns to net loss of $9.9 million; net sales fall 9.3% to $117 million
AVD•First-half profitability improves, outlook reaffirmed
For the first half, net sales edged down 2% to $240 million, while adjusted EBITDA rose 21% to $16.9 million on a 1 percentage point gross-margin lift to 30%.
Management cited progress on lowering costs and inventories, with inventories down $10 million year over year, while distributors and growers stayed conservative on purchases.
American Vanguard reaffirmed full-year adjusted EBITDA of $44 million-$48 million on net sales of $530 million-$550 million.
Second-quarter results weaken as sales and margins decline
American Vanguard posted Q2 net sales of $117 million, down 9.3% year over year, as gross margin slipped 1 percentage point to 30%.
Operating results swung to a loss of $300,000, while the net loss widened to $9.9 million and EPS fell to ($0.34).
