American Vanguard Reports Full Year 2025 Results

Company Extends and Expands Credit Capacity, Forecasts Adjusted EBITDA of $44-$48 Million in 2026

Mar. 17, 2026 at 4:09am

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American Vanguard Corporation, a diversified specialty and agricultural products company, reported its financial results for the fiscal year ended December 31, 2025. The company saw a decline in net sales but an increase in adjusted EBITDA compared to the prior year. American Vanguard has entered into two new term loan agreements totaling $285 million and plans to rationalize its Los Angeles manufacturing facility. The company forecasts adjusted EBITDA in the range of $44-$48 million for 2026.

Why it matters

American Vanguard's financial results and strategic initiatives provide insight into the performance and outlook of the broader agricultural chemicals industry. The company's efforts to strengthen its capital structure, improve operational efficiency, and introduce new products aim to position it for growth as the agricultural market continues to recover.

The details

American Vanguard reported net sales of $515 million in 2025, down from $547 million in 2024. However, the company's adjusted EBITDA increased to $39.2 million, compared to $39.1 million in the prior year. The company has entered into two new term loan agreements totaling $285 million, which it says will strengthen its capital structure and liquidity position. American Vanguard also announced plans to rationalize its Los Angeles manufacturing facility, citing the facility as its oldest and no longer competitive in the current environment. The company expects to generate adjusted EBITDA in the range of $44-$48 million in 2026.

  • American Vanguard reported its full-year 2025 results on March 16, 2026.
  • The company plans to host an earnings conference call on March 16, 2026 at 4:30 pm Eastern Time/1:30 pm Pacific Time.

The players

American Vanguard Corporation

A diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health.

Dak Kaye

The CEO of American Vanguard.

David Johnson

The Chief Financial Officer of American Vanguard.

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What they’re saying

“2025 was a pivotal year for American Vanguard as we continue to make progress on the execution of our business improvement plans. Initiatives that we implemented early last year have resulted in increased margins, in an agricultural economy that is just beginning to recover. While we have accomplished much in 2025, we expect even better results in 2026.”

— Dak Kaye, CEO

“I am pleased to see our business improvement plans begin to yield tangible results. Our 2025 gross profit margin and operating costs both improved as compared to 2024. These results are important given the backdrop of a continued weak overall agricultural market.”

— David Johnson, Chief Financial Officer

What’s next

The company plans to continue investing in business improvements, including the rationalization of its Los Angeles manufacturing facility, which will result in short-term cash and non-cash expenses but lead to longer-term factory operating efficiencies.

The takeaway

American Vanguard's financial results and strategic initiatives demonstrate its efforts to navigate a challenging agricultural market and position the company for growth. The company's focus on operational improvements, new product development, and strengthening its capital structure suggest it is taking proactive steps to enhance its competitiveness and profitability.