American Vanguard Corporation (AVD) Appoints Matt Horwath as CFO

American Vanguard (AVD) appointed Matthew Horwath as CFO on October 1, 2026, replacing David Johnson, who became Chief Accounting Officer. Horwath previously held CFO roles at Kustom US and FARO Technologies. Johnson will serve as Chief Accounting Officer until March 2027 and remain employed until September 2027.

American Vanguard reported a 10% quarterly revenue decline, driven by an 18% drop in international sales tied to Super El Nino weather and inflation in Central America and Mexico. Management cited improved gross margins (+100 bps in 1H 2026) and expects Los Angeles facility rationalization savings of at least $4M. 2026 guidance: $44M-$48M adjusted EBITDA on $530M-$550M sales.

AMERICAN VANGUARD CORP (AVD) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FOR IMMEDIATE RELEASE American Vanguard Reports Second Quarter 2026 Results First-Half Gross Profit Increased 3%, and EBITDA Increased 21% on Mostly Flat Sales Reaffirm Full-Year Outlook; Adjusted EBITDA $44 million to $48 million on Sales of $530 million to $550 mil

American Vanguard (AVD) reported Q2 2026 net sales of $117 million, down from $129 million in Q2 2025. International sales fell 18% in the quarter, while specialty revenue rose 11%. Adjusted EBITDA was $0.6 million versus $11 million a year earlier. 2026 guidance calls for revenue of $530 million to $550 million and adjusted EBITDA of $44 million to $48 million.

American Vanguard Corporation reported Q2 2026 net sales of $117 million versus $129 million in Q2 2025, with gross margin at 30% versus 31%. The company posted an operating loss of $0.30 million and net loss of $9.9 million. Adjusted EBITDA was $6.6 million. For 2026, it reaffirmed guidance of adjusted EBITDA $44 million to $48 million on sales of $530 million to $550 million.

Comcast plans to cut jobs in its cable, broadband, and wireless business, taking a $1B+ charge in Q4. It lost 144K broadband customers in Q3, with revenue in the connectivity business falling 2.7%. The company is preparing to spin off NBCUniversal next year. Shares rose 3% to $22.84.