AVD FY 2022 Earnings Report — American Vanguard Corporation Revenue & Financial Results | Market Cap Arena

American Vanguard CorporationAVD

FY 2022 Earnings

Reported March 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$610M	—	$558M	—	9.3%
Op. Income	$41M	—	$31M	—	31.4%
Gross Margin	39.6%	—	30.6%	—	9.0pp
Net Margin	4.5%	—	3.3%	—	1.2pp
EPS (Diluted)	$0.92	—	$0.61	—	50.8%
Free Cash Flow	$43M	—	$76M	—	-44.2%

Revenue Flow

Item	Amount
REVENUE	$610M
Cost of Revenue	$368M
GROSS PROFIT	$241M
R&D Expenses	$32M
Selling & Marketing	$101M
General & Administrative	$53M
SG&A Expenses	$155M
Other Expenses	$14M
Operating Expenses	$201M
Cost & Expenses	$569M
OPERATING INCOME	$41M
Interest Income	$167.0K
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$36M
Income Tax Expense	$9M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$22M
EBIT	$41M
EBITDA	$63M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$610M
Cost of Revenue	$368M
GROSS PROFIT	$241M
R&D Expenses	$32M
Selling & Marketing	$101M
General & Administrative	$53M
SG&A Expenses	$155M
Other Expenses	$14M
Operating Expenses	$201M
Cost & Expenses	$569M
OPERATING INCOME	$41M
Interest Income	$167.0K
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$36M
Income Tax Expense	$9M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$22M
EBIT	$41M
EBITDA	$63M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$22M
Stock-Based Compensation	$6M
Deferred Income Tax	-$7M
Other Non-Cash Items	$7M
Change in Working Capital	$2M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$84.0K
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$36M
Common Dividends Paid	-$3M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$38M
FREE CASH FLOW	$43M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$0
Net Receivables	$168M
Inventory	$184M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$389M
PP&E (Net)	$95M
Goodwill	$47M
Intangible Assets	$185M
Long-Term Investments	$0
Tax Assets	$141.0K
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$338M
TOTAL ASSETS	$726M
Account Payables	$69M
Short-Term Debt	$0
Deferred Revenue	$111M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$267M
Long-Term Debt	$51M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$90M
TOTAL LIABILITIES	$356M
Common Stock	$3M
Additional Paid-In Capital	$106M
Retained Earnings	$329M
Treasury Stock	-$56M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$370M
Minority Interest	$0
TOTAL EQUITY	$370M
TOTAL LIABILITIES & EQUITY	$726M
Total Debt	$76M
Net Debt	$56M