American Vanguard Corporation reported its audited financial results for the full year ended December 31, 2024. The company posted net sales of $547.31 million, a decrease from $579.37 million reported in the prior year. This confirms the preliminary figures previously released.
The company recorded a significant net loss of $126.34 million for the full year, a substantial decline compared to a net income of $7.52 million in 2023. Basic loss per share from continuing operations was $4.50, contrasting with basic earnings per share of $0.27 in the previous year.
These audited results underscore the impact of the challenging market conditions and the non-recurring charges taken during the year, which included asset impairments and transformation-related expenses. The final debt figure was $9 million lower than initially indicated due to final adjustments related to debt and accounts payable.
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