美国先锋Reports Fourth Quarter and Full Year 2019 Results
纽波特海滩，加利福尼亚 - 2020年3月9日 - 美国先锋公司（NYSE：AVD）今天发布了第四季度及全年截至2019 12月31日的财务业绩。
Fiscal 2019 Fourth Quarter Financial Highlights – versus Fiscal 2018 Fourth Quarter:
• Earnings per diluted share of $0.12 in 2019, as compared to $0.25 in 2018
• EBITDA of $12.0 million in 2019, as compared to $16.6 million in 2018
2019财年全年财务摘要 - 与2018财年全年：
• Net sales of $468 million in 2019, as compared to $454 million in 2018
•在2019年每$ 0.46稀释每股收益，相比于$ 0.81 2018
• EBITDA1 of $48.9 million in 2019, as compared to $61.1 million in 2018
Eric Wintemute, Chairman and CEO of American Vanguard, stated, “Our 2019 financial performance closely corresponds to the guidance that we provided during the fourth quarter and updated in January. In the face of adverse weather, tariffs and supply disruptions that affected the entire industry, we achieved mixed results, with a modestly higher top line and declining profitability as compared to 2018. As has been the case for the past several quarters, revenue growth was driven by our international business, which now constitutes nearly 40% of our consolidated revenue. This growth was partially offset by weather-related declines in our domestic sales.”
Mr. Wintemute concluded, “With respect to our 2020 outlook, assuming a return to more normal weather patterns and minimal disruption in trade and supply from COVID-19 or other factors, we are targeting our global revenues to grow at a low double-digit rate, aided by larger corn acreage in the U.S., renewed availability of bromacil herbicides, ten new product introductions, and the growth of our LATAM businesses. At the same time, we will continue to exercise financial discipline in order to strengthen our balance sheet. We look forward toward giving you a more detailed presentation on 2020 during our upcoming earnings call.”
埃里克Wintemute，董事长兼首席执行官鲍勃Trogele，执行副总裁兼首席运营官和David T.约翰逊，副总裁兼财务总监，将在下午4:30 ET举行电话会议侧重于财务业绩和战略主题...... 3月9日，2020年有兴趣当事人可以通过拨打（201）493-6744参与通话。通话计划开始，并要求美国先锋呼叫之前，请在10分钟内调用。此次电话会议还将进行网络直播通过在公司网站的新闻和媒体节现场www.www.schewser.com. To listen to the live webcast, go to the web site at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Company’s web site.
About American Vanguard
不时地,该公司可能讨论景d-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company’s Securities and Exchange Commission reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
William A. Kuser, Director of Investor Relations