American Vanguard Corporation (AVD), an agricultural and specialty products company, on Friday reported a decline in preliminary adjusted EBITDA and sales for the fourth quarter and full-year 2024.
For the three-month period to December 31, 2024, American Vanguard expects to post adjusted EBITDA of around $18 million, lower than $22 million in the previous year. The company anticipates sales of around $169 million, down from last year's $172 million.
For the full-year 2024, the firm expects to record adjusted EBITDA of $42 million, lesser than $53 million in 2023. American Vanguard projects annual sales of $550 million, compared with the prior year's $579 million.
Looking ahead, for the full-year 2025, AVD expects adjusted EBITDA of $45 to $52 million, on revenue of $565 to $585 million.
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