American Vanguard Corp. (AVD), a specialty and agricultural products company, reported Friday that its first-quarter net loss was $8.46 million, compared to profit of $1.55 million last year. Loss per share was $0.30, compared to profit of $0.06 a year earlier.
Adjusted EBITDA fell to $3.0 million from $15.5 million last year.
Net sales also declined to $115.80 million from prior year's $135.14 million.
CEO Douglas Kaye III stated, "The first quarter of 2025 presented a challenging environment for suppliers to the global agricultural sector, continuing trends that we have experienced over the past 18-24 months.... The environment is beginning to improve in the second quarter, and, like most industry participants in the agricultural chemical industry, we expect the second half of 2025 to be both seasonally stronger and to benefit from improving customer order rates."
Looking ahead, the company said future margins will improve, and further margin enhancement in 2026 and beyond is the target.
In pre-market activity on the NYSE, American Vanguard shares were losing around 2.9 percent, after gaining 4.3 percent on Thursday's regular closing.
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