IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

American Vanguard net income rises 75% on strong ag demand

10:42 AM MDT | November 1, 2012 | Vincent Valk

American Vanguard’s third-quarter net income was up 75%, to $8.1 million, on sales up 23%, to $90.8 million. Strong demand for the company’s agricultural products drove the increases. Earnings totaled 28 cts/share, beating analysts’ consensus of 24 cts/share, as reported by Thomson Reuters.   “This quarter’s results were driven by our participation in cotton and seasonal sales of our soil fumigants for postharvest applications. Our sales also included initial shipments of granular soil insecticides in response to grower...

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