American Vanguard Corp
NYSE:AVD
Income Statement
Earnings Waterfall
American Vanguard Corp
Revenue
|
579.4m
USD
|
Cost of Revenue
|
-400.2m
USD
|
Gross Profit
|
179.2m
USD
|
Operating Expenses
|
-154.9m
USD
|
Operating Income
|
24.3m
USD
|
Other Expenses
|
-16.7m
USD
|
Net Income
|
7.5m
USD
|
Income Statement
American Vanguard Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
381
N/A
|
341
-11%
|
322
-5%
|
297
-8%
|
299
+1%
|
284
-5%
|
282
-1%
|
283
+0%
|
289
+2%
|
292
+1%
|
299
+2%
|
308
+3%
|
312
+1%
|
313
+0%
|
319
+2%
|
326
+2%
|
355
+9%
|
389
+9%
|
418
+7%
|
439
+5%
|
454
+3%
|
450
-1%
|
456
+1%
|
469
+3%
|
468
0%
|
465
-1%
|
456
-2%
|
449
-2%
|
459
+2%
|
479
+4%
|
509
+6%
|
539
+6%
|
557
+3%
|
590
+6%
|
604
+2%
|
609
+1%
|
610
+0%
|
585
-4%
|
570
-3%
|
567
0%
|
579
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(210)
|
(194)
|
(192)
|
(181)
|
(184)
|
(174)
|
(173)
|
(171)
|
(178)
|
(178)
|
(178)
|
(186)
|
(184)
|
(183)
|
(185)
|
(187)
|
(208)
|
(230)
|
(250)
|
(265)
|
(272)
|
(267)
|
(274)
|
(285)
|
(291)
|
(291)
|
(283)
|
(280)
|
(286)
|
(300)
|
(318)
|
(334)
|
(344)
|
(371)
|
(387)
|
(400)
|
(368)
|
(389)
|
(380)
|
(384)
|
(400)
|
|
Gross Profit |
171
N/A
|
147
-15%
|
131
-11%
|
116
-11%
|
115
-1%
|
110
-4%
|
109
-1%
|
112
+3%
|
112
0%
|
115
+3%
|
121
+5%
|
123
+1%
|
128
+5%
|
131
+2%
|
134
+2%
|
139
+4%
|
147
+6%
|
158
+7%
|
167
+6%
|
175
+4%
|
183
+5%
|
183
+0%
|
182
-1%
|
184
+1%
|
177
-4%
|
174
-2%
|
173
-1%
|
169
-2%
|
173
+2%
|
179
+4%
|
191
+7%
|
205
+7%
|
213
+4%
|
220
+3%
|
217
-1%
|
209
-3%
|
241
+15%
|
196
-19%
|
190
-3%
|
184
-3%
|
179
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(116)
|
(113)
|
(109)
|
(108)
|
(108)
|
(107)
|
(106)
|
(105)
|
(100)
|
(99)
|
(101)
|
(103)
|
(108)
|
(110)
|
(111)
|
(114)
|
(121)
|
(129)
|
(137)
|
(139)
|
(144)
|
(145)
|
(145)
|
(152)
|
(151)
|
(153)
|
(151)
|
(149)
|
(154)
|
(159)
|
(169)
|
(179)
|
(183)
|
(177)
|
(173)
|
(163)
|
(201)
|
(167)
|
(168)
|
(168)
|
(155)
|
|
Selling, General & Administrative |
(94)
|
(91)
|
(87)
|
(86)
|
(87)
|
(86)
|
(84)
|
(84)
|
(82)
|
(81)
|
(82)
|
(83)
|
(87)
|
(87)
|
(89)
|
(90)
|
(95)
|
(103)
|
(108)
|
(112)
|
(117)
|
(119)
|
(120)
|
(128)
|
(127)
|
(128)
|
(127)
|
(124)
|
(128)
|
(132)
|
(141)
|
(150)
|
(154)
|
(145)
|
(138)
|
(127)
|
(153)
|
(114)
|
(115)
|
(115)
|
(103)
|
|
Research & Development |
(22)
|
(22)
|
(22)
|
(22)
|
(21)
|
(21)
|
(22)
|
(21)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(24)
|
(26)
|
(27)
|
(28)
|
(27)
|
(26)
|
(26)
|
(26)
|
(25)
|
(24)
|
(25)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(32)
|
(34)
|
(35)
|
(36)
|
(38)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
(14)
|
(17)
|
0
|
0
|
(13)
|
|
Other Operating Expenses |
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(2)
|
(2)
|
(18)
|
(18)
|
(1)
|
|
Operating Income |
56
N/A
|
33
-40%
|
21
-37%
|
8
-64%
|
7
-12%
|
3
-55%
|
4
+17%
|
7
+109%
|
12
+58%
|
16
+37%
|
20
+25%
|
19
-4%
|
21
+8%
|
21
+2%
|
23
+8%
|
24
+8%
|
27
+10%
|
29
+9%
|
31
+7%
|
36
+17%
|
39
+8%
|
39
-1%
|
36
-6%
|
31
-13%
|
26
-17%
|
21
-19%
|
22
+2%
|
19
-11%
|
18
-6%
|
20
+10%
|
22
+11%
|
27
+18%
|
31
+16%
|
42
+37%
|
44
+4%
|
46
+5%
|
41
-12%
|
29
-29%
|
22
-24%
|
15
-32%
|
24
+61%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(5)
|
(5)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(13)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
54
N/A
|
31
-42%
|
19
-40%
|
5
-74%
|
4
-27%
|
0
N/A
|
1
N/A
|
5
+650%
|
9
+100%
|
13
+48%
|
18
+32%
|
17
-2%
|
19
+10%
|
20
+4%
|
21
+8%
|
23
+8%
|
25
+8%
|
27
+7%
|
28
+5%
|
32
+16%
|
34
+4%
|
32
-4%
|
29
-10%
|
23
-20%
|
19
-18%
|
14
-26%
|
15
+8%
|
14
-8%
|
18
+32%
|
23
+23%
|
25
+10%
|
29
+15%
|
27
-5%
|
37
+37%
|
39
+5%
|
41
+6%
|
36
-13%
|
23
-36%
|
14
-39%
|
5
-65%
|
10
+106%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(19)
|
(11)
|
(7)
|
(1)
|
1
|
2
|
2
|
0
|
(2)
|
(3)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(8)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(5)
|
(6)
|
(7)
|
(8)
|
(11)
|
(12)
|
(13)
|
(9)
|
(4)
|
(3)
|
(0)
|
(3)
|
|
Income from Continuing Operations |
35
|
20
|
12
|
4
|
4
|
2
|
3
|
5
|
7
|
10
|
13
|
12
|
13
|
14
|
15
|
16
|
17
|
18
|
20
|
24
|
26
|
25
|
22
|
17
|
14
|
10
|
11
|
11
|
15
|
18
|
19
|
22
|
19
|
26
|
27
|
28
|
27
|
19
|
11
|
4
|
8
|
|
Income to Minority Interest |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
35
N/A
|
20
-43%
|
12
-42%
|
3
-71%
|
5
+45%
|
3
-44%
|
3
+26%
|
6
+62%
|
7
+20%
|
9
+42%
|
12
+26%
|
12
+1%
|
13
+8%
|
14
+5%
|
15
+8%
|
16
+8%
|
20
+28%
|
22
+6%
|
23
+6%
|
25
+11%
|
24
-4%
|
23
-3%
|
21
-11%
|
18
-16%
|
14
-23%
|
10
-25%
|
11
+8%
|
11
-3%
|
15
+42%
|
18
+17%
|
19
+7%
|
22
+14%
|
19
-14%
|
25
+37%
|
27
+7%
|
28
+4%
|
27
-3%
|
19
-30%
|
11
-41%
|
4
-61%
|
8
+71%
|
|
EPS (Diluted) |
1.2
N/A
|
0.68
-43%
|
0.4
-41%
|
0.12
-70%
|
0.17
+42%
|
0.1
-41%
|
0.12
+20%
|
0.18
+50%
|
0.23
+28%
|
0.32
+39%
|
0.4
+25%
|
0.41
+2%
|
0.44
+7%
|
0.46
+5%
|
0.5
+9%
|
0.54
+8%
|
0.68
+26%
|
0.71
+4%
|
0.75
+6%
|
0.83
+11%
|
0.8
-4%
|
0.79
-1%
|
0.7
-11%
|
0.6
-14%
|
0.46
-23%
|
0.36
-22%
|
0.38
+6%
|
0.37
-3%
|
0.51
+38%
|
0.59
+16%
|
0.63
+7%
|
0.71
+13%
|
0.61
-14%
|
0.84
+38%
|
0.9
+7%
|
0.95
+6%
|
0.92
-3%
|
0.66
-28%
|
0.39
-41%
|
0.15
-62%
|
0.26
+73%
|