Core Viewpoint - American Vanguard Corporation (AVD) reported a significant increase in losses for Q2 2024, with a loss of 42 cents per share compared to a loss of 4 cents per share in the same quarter last year. Adjusted loss was wider than expectations, and revenues fell short of estimates due to unfavorable market conditions [1]. Financial Performance - AVD's revenues for the quarter were $128.2 million, down approximately 3% year over year, missing the Zacks Consensus Estimate of $134.2 million [1]. - The U.S. crop business revenues decreased by roughly 7% year over year to about $52.3 million, while the U.S. non-crop business saw a 13% increase to around $19 million [2]. - International revenues declined by around 5% year over year to approximately $56.9 million, primarily due to lower herbicide sales [2]. - The company ended the quarter with cash and cash equivalents of roughly $17.9 million, a sequential increase of about 31%, while long-term debt rose to around $211.3 million, up approximately 13% sequentially [3]. Outlook - AVD has revised its full-year 2024 guidance for adjusted EBITDA down to $40-$50 million from a previous estimate of $60-$70 million. The company now anticipates net sales to be down 2% to flat, compared to an earlier forecast of 6-9% growth [4]. Price Performance - AVD's shares have experienced a significant decline of 62.8% over the past year, contrasting with a 13.9% decline in the industry [5].

Financial Data and Key Metrics Changes - In Q2 2024, net sales decreased slightly to $128.2 million from $132.8 million in the same period last year, with adjusted EBITDA margin declining to 4.8% from 8.2% year-over-year [11][24] - For the first half of 2024, net sales increased by 2% on a consolidated basis, with non-crop sales up 20% and domestic total sales up 5% compared to the first half of 2023 [11][24] - Gross profit for the first half of the year was approximately equal to that of 2023, despite a decline in Q2 gross profit by about 12% [11][25] Business Line Data and Key Metrics Changes - US crop sales were down 7% in Q2 2024 compared to the same period in 2023, while US non-crop sales grew by 13% [24] - International business net sales declined by 2% year-over-year in Q2 2024 [24] - The Green Solutions portfolio recorded double-digit sales increases, driven by strong demand in Central America [11] Market Data and Key Metrics Changes - The agricultural economy is facing challenges due to low commodity prices, high crop input costs, and elevated interest rates, leading to a just-in-time procurement approach among distributors [10][30] - Net farm income is reported to have dropped by approximately 25% compared to the previous year, impacting farmers' purchasing behavior [40] Company Strategy and Development Direction - The company is undergoing a transformation to improve financial performance, focusing on cost reduction, liquidity improvement, and operational efficiency [12][19] - A new organizational structure is being implemented, consolidating into two global businesses: crop and non-crop, expected to be in place by early 2025 [19] - The company aims for a 15% EBITDA margin by 2026, despite current challenges, by improving efficiency and sales of higher-margin products [30][51] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current results as unacceptable and emphasizes the need for decisive action to improve cost structure and liquidity [12] - The outlook for the second half of 2024 is cautious, with expectations of stable demand in the crop segment but awareness of various market risks [30] - The company has lowered its full-year 2024 targets for adjusted EBITDA and sales due to the challenging agricultural market conditions [30] Other Important Information - The EPA has issued an emergency suspension of the product Dacthal, which the company had already voluntarily suspended sales of in April 2024 [12] - The company is working with the EPA to ensure compliance with the suspension and has removed Dacthal sales from its 2024 forecast [12] Q&A Session Summary Question: What are the steps to accelerate cost savings and when will they reflect in financials? - Cost savings from procurement and logistics are expected to start in Q3 2024, with full savings realized by the end of 2025 [34] Question: What has changed in the North American ag market leading to lowered guidance? - The ag economy is facing challenges, with customers managing cash flow and moving towards just-in-time purchasing [38][40] Question: What is the status of Dacthal and potential litigation risks? - There is minimal product in the channel, and the company is not aware of any litigation risks at present [42][46] Question: How will the transformation impact the Green Solutions segment? - The transformation will allow for more focused strategies and resource allocation to accelerate growth in the Green Solutions portfolio [56][60] Question: What are the expectations for working capital reduction by year-end? - The company expects to reduce working capital by $70 million to $80 million over the remainder of the year [62]

Q2 2024 Earnings Call August 8, 2024 Corporate Representatives in Attendance 2 Tim Donnelly……………………………………….Acting Chief Executive Officer Mark Bassett …………………………………..……………………… Board Member David Johnson ……………………………...……………… Chief Financial Officer Mason Bennett…………………………..Vice President, North American Crop Anthony Young …………………………..………….. Director, Investor Relations Safe Harbor Statement During this presentation, the Company may discuss forward-looking information. Except for the historical information co ...

Exhibit 99.2 C Corrected Transcript 08-Aug-2024 American Vanguard Corp. (AVD) Q2 2024 Earnings Call Total Pages: 19 1-877-FACTSET www.callstreet.com Copyright © 2001-2024 FactSet CallStreet, LLC American Vanguard Corp. (AVD) Q2 2024 Earnings Call Corrected Transcript 08-Aug-2024 CORPORATE PARTICIPANTS Anthony Young David T. Johnson Director-Investor Relations, American Vanguard Corp. Vice President, Chief Financial Of icer & Treasurer, American Vanguard Corp. Timothy J. Donnelly Acting Chief Executive Of ic ...

Financial Performance - Net sales for the three months ended June 30, 2024, were $128,209 thousand, a decrease of 3.9% compared to $132,790 thousand for the same period in 2023[15] - Gross profit for the three months ended June 30, 2024, was $37,763 thousand, down 12.1% from $42,909 thousand in the prior year[15] - Net loss for the three months ended June 30, 2024, was $(11,721) thousand, compared to a net loss of $(1,053) thousand for the same period in 2023[18] - Operating loss for the three months ended June 30, 2024, was $(9,232) thousand, a significant decline from operating income of $3,754 thousand in the same quarter last year[15] - Total net sales for the three months ended June 30, 2024, were $128,209 million, a decrease of 4.4% compared to $132,790 million for the same period in 2023[38] - The company recorded a net loss of $11,721 million for the three months ended June 30, 2024, compared to a net loss of $1,053 million for the same period in 2023[47] - The company recorded a net loss of $10,169 or ($0.36) per share for the first half of 2024, compared to a net income of $865 or $0.03 per share in the same period of 2023[97] Assets and Liabilities - Total current assets increased to $477,581 thousand as of June 30, 2024, from $432,021 thousand at December 31, 2023, reflecting a growth of 10.5%[21] - Total liabilities rose to $454,230 thousand as of June 30, 2024, compared to $397,538 thousand at the end of 2023, marking an increase of 14.3%[21] - Cash and cash equivalents increased to $17,949 thousand as of June 30, 2024, up from $11,416 thousand at December 31, 2023[21] - Total inventories increased to $244,935 million as of June 30, 2024, from $219,551 million as of December 31, 2023, reflecting a rise of 11.6%[43] - Long-term indebtedness from the revolving line of credit increased to $211,254 million as of June 30, 2024, compared to $138,900 million as of December 31, 2023[49] - As of June 30, 2024, the Company had long-term indebtedness of $210,218, an increase from $137,682 as of December 31, 2023[114] Sales Performance - U.S. crop sales for the three months ended June 30, 2024, were $52,289 million, down 6.8% from $56,212 million in the prior year[38] - International sales for the three months ended June 30, 2024, were $56,909 million, a decrease of 4.7% compared to $59,700 million in the same period last year[38] - U.S. crop net sales decreased by 7% to $52,289 in the second quarter of 2024, while U.S. non-crop sales increased by 13% to $19,011[83] - International net sales declined by 5% to $56,909, with herbicide sales down 27% due to competition from low-cost generics[85] Expenses - Research, product development, and regulatory expenses for the three months ended June 30, 2024, were $8,599 thousand, a decrease of 8.6% from $9,413 thousand in the same period last year[15] - Operating lease expenses for the three months ended June 30, 2024, were $1,955 thousand, an increase from $1,674 thousand in the same period of 2023[33] - Operating expenses increased by 20% to $46,995 for the three-month period ended June 30, 2024, primarily due to non-recurring charges related to business transformation[86] - Operating expenses increased by approximately 12% to $83,322, driven by one-time business transformation costs and other administrative expenses[96][101] Cash Flow and Financing - Operating activities utilized net cash of $56,452 during the six-month period ended June 30, 2024, a decrease of 41.6% from $96,602 in the same period of 2023[107] - Financing activities provided $70,285 during the six-month period ended June 30, 2024, compared to $98,086 in the same period of the prior year[112] - Cash used for investing activities was $6,398 for the six-month period ended June 30, 2024, compared to $7,172 in the same period of 2023[111] Taxation - The company recorded an income tax benefit of $1,553 for the three months ended June 30, 2024, compared to an income tax expense of $1,541 in the same period of 2023[82] - The effective income tax rate for the six months ended June 30, 2024, was 0.7%, a significant decrease from an income tax expense of $1,181 in the same period of 2023[105] Stock and Compensation - The weighted average shares outstanding for basic earnings per share were 28,024 thousand for the three months ended June 30, 2024, compared to 28,428 thousand for the same period in 2023[15] - The company recognized stock-based compensation of $2,752 thousand for the six months ended June 30, 2024[30] - For the three months ended June 30, 2024, stock-based compensation expense was $747, down from $1,067 in the same period of 2023, representing a decrease of approximately 30%[54] - The total unrecognized stock-based compensation expense related to RSUs outstanding was $5,989, expected to be recognized over a weighted-average period of 1.6 years[55] Regulatory and Legal Matters - The company recorded a liability related to a plea agreement with the Department of Justice, which includes a fine and a three-year probation period[59] - The company is currently evaluating the impact of adopting new accounting standards issued by the FASB, effective for fiscal years beginning after December 15, 2023[65][66] - The company has recorded a loss contingency related to a wage and hour violation lawsuit, with mediation scheduled for September 2024[60] - The USEPA issued an emergency suspension of DCPA products on August 6, 2024, prohibiting their distribution, sale, and use, which could adversely affect financial performance[128] - The Company is engaged in a registration review process with the USEPA that could impair the commercial viability of its products, particularly DCPA[128] Transformation Initiatives - The Company has invested in transformation initiatives aimed at improving efficiencies and operating leverage during Q4 2023 and the first two quarters of 2024, but there is no guarantee of achieving targeted results[129] - Transformation costs related to the company's digital and structural initiatives amounted to $7,345 during the three months ended June 30, 2024[88] - The Company is taking measures to ensure the success of its transformation initiatives, but the return on these initiatives may not exceed the investment[129]

Financial Performance - American Vanguard reported diluted earnings per share of -9 cents for Q2 2024, missing Wall Street's expectation of 12 cents per share and worse than the -4 cents per share reported in the same period last year [1][2] - The company's revenue for Q2 was $128.21 million, falling short of analysts' estimate of $133.6 million and down 3.5% year-over-year from $132.8 million [1][3] Management Commentary - Acting CEO Timothy Donnelly attributed the reduced profitability to non-recurring charges, including severance compensation for the former CEO and one-time costs related to business transformation activities, emphasizing that the results are not acceptable and the company is focused on urgent changes [2][3] Outlook and Market Reaction - American Vanguard has lowered its revenue outlook for 2024 to a range of $565 million to $580 million, which is below Wall Street's estimate of $596.75 million [3] - Following the earnings announcement and outlook cut, AVD stock experienced a decline of 28.1% [3]

American Vanguard (AVD) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -800%. A quarter ago, it was expected that this agricultural products company would post earnings of $0.08 per share when it actually produced earnings of $0.09, delivering a surprise of 12.50%.Over the last four quarters ...

American Vanguard (AVD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock ...

How's your 401(k) looking? A new report shows Americans are saving more, but probably need to do even more. Vanguard has released its annual report, How America Saves 2024. Vanguard and Fidelity are the two biggest sponsors of 401(k) plans, and this is a snapshot of what nearly five million participants are doing with their money. The good news: stock market returns are up and, thanks largely to automatic enrollment plans, investors are saving more than they did in the past. The bad news: account balances f ...

American Vanguard Corporation (AVD) logged earnings of 6 cents per share in the first quarter of 2024 compared with earnings of 7 cents a year ago.Barring one-time items, adjusted earnings came in at 9 cents for the quarter. It beat the Zacks Consensus Estimate of 8 cents.Revenues were $135.1 million for the reported quarter, up around 8% year over year. It missed the Zacks Consensus Estimate of $141.2 million.  The company saw growth in all three businesses, U.S. Crop, U.S. Non-crop and International, in t ...