American Vanguard Corporation (AVD)

American Vanguard's stock price has declined over the past six months, with a 17.40% decrease as of November 14, 2025. The EPA issued an emergency order to remove DCPA (Dacthal) from the market in August 2024, which contributed to the company's challenges in 2023 and 2024. In Q1 2025, the company reported revenue and margin declines due to pricing and regional setbacks. However, in November 2025, American Vanguard reported Q3 2025 financial improvement, with operating income and adjusted EBITDA growth.

Demand for American Vanguard's products exhibits seasonality and cyclicality, largely tied to agricultural cycles. The company's performance can be significantly impacted by cyclical downturns in corn and other crops. Inventory de-stocking cycles and supply chain disruptions also affect demand. Despite these cycles, AVD has shown a consistent secular growth rate of about 5-6% over time and is strategically positioned in the growing biopesticides market.

American Vanguard Corporation is a diversified specialty and agricultural products company based in Newport Beach, California, operating primarily through its subsidiary, AMVAC Chemical Corporation. The company manufactures and formulates a range of chemical, biological, and biorational products, including insecticides, fungicides, herbicides, and soil fumigants, designed to enhance crop yields and protect against pests and diseases. Key products include Impact® Herbicide, Counter® Insecticide, Navigator® Fungicide, and Dibrom® Concentrate.

American Vanguard Corporation has a significant global presence, with operations and distribution networks spanning 19 countries and over 1,000 product registrations in 56 nations. The company operates various businesses in the U.S., Australia, Brazil, Latin America, Mexico, and globally. It distributes its products through national distribution companies and buying groups in the U.S., and through sales offices or wholly-owned distributors internationally. The company maintains manufacturing facilities in Los Angeles, Axis, Alabama, and in Europe.

American Vanguard's brand reputation has been impacted by regulatory challenges, including the EPA's emergency order to remove DCPA (Dacthal) from the market in August 2024. This product recall, along with supply chain and regulatory issues, likely had a negative effect on the company's reputation, particularly within the agricultural chemical space.

American Vanguard is primarily owned by institutional shareholders and insiders. Institutional investors hold a significant portion, ranging from approximately 19.88% to 71%. Major institutional owners include BlackRock, Inc., Wellington Management Group LLP, and The Vanguard Group, Inc. Insiders also hold a substantial stake, with Herbert A. Kraft being the largest individual shareholder, owning 74.16% of the company.