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American Vanguard issues second-quarter warning

9:35 AM MDT | June 25, 2013 | Rebecca Coons

American Vanguard says it expects second-quarter sales and earnings to fall short of analysts' estimates given the negative impact of the recent wet weather in the US Midwest and southeast. "Because of the delay in planting caused by rain, quarterly sales of ... postemergent herbicide, Impact, while considerably higher than those of the comparable quarter of 2012, are below ... forecasted levels," American Vanguard says. The company expects to see some demand for Impact shift from the second quarter to the third quarter, when weeds become...

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