India, June 6 -- American Vanguard Corp. (AVD), a specialty and agricultural products company, reported Friday that its first-quarter net loss was $8.46 million, compared to profit of $1.55 million last year. Loss per share was $0.30, compared to profit of $0.06 a year earlier.
Adjusted EBITDA fell to $3.0 million from $15.5 million last year.
Net sales also declined to $115.80 million from prior year's $135.14 million.
CEO Douglas Kaye III stated, "The first quarter of 2025 presented a challenging environment for suppliers to the global agricultural sector, continuing trends that we have experienced over the past 18-24 months.... The environment is beginning to improve in the second quarter, and, like most industry participants in the a...