American Vanguard Corporation reported preliminary financial results for the fourth quarter and full year ended December 31, 2024. For the full year, the company achieved an adjusted EBITDA of approximately $42 million, within its target range of $40 million to $50 million. Adjusted revenue for 2024 was approximately $563 million, slightly below the target range of $565 million to $580 million.
In the fourth quarter of 2024, preliminary net sales were approximately $169 million, a 2% decrease compared to Q4 2023, and adjusted EBITDA was approximately $18 million, an 18% decrease from the prior year. The company recorded total non-recurring charges of approximately $118 million for the full year 2024, including $76 million in asset impairments covering SIMPAS, goodwill, and inventory.
The company significantly reduced inventory by $47 million in the fourth quarter, ending at approximately $178 million, and decreased debt by $22 million, bringing the total to $156 million. For 2025, American Vanguard provided guidance of net sales between $565 million and $585 million and adjusted EBITDA between $45 million and $52 million, with approximately $10 million in capital expenditures expected.
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