American Vanguard Announces Share Repurchase
November 05 2018 - 4:05PM
Business Wire
American Vanguard Corp. (NYSE:AVD) announced its intention to
repurchase up to $20 million worth of its common stock in the open
market, depending upon market conditions over the short- to
mid-term. Eric Wintemute, Chairman and CEO of American Vanguard,
stated, “This share repurchase initiative reflects the confidence
of both our board and management in the company’s enduring value at
a time when our entire sector has been under pressure in the stock
market. With ample borrowing capacity and cash flow to meet working
capital needs and potential acquisition projects, we believe it is
also important to demonstrate support of our equity.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and
agricultural products company that develops and markets products
for crop protection and management, turf and ornamentals management
and public and animal health. American Vanguard is included on the
Russell 2000® & Russell 3000® Indexes and the Standard &
Poors Small Cap 600 Index. To learn more about American Vanguard,
please reference the Company’s web site at
www.american-vanguard.com.
In its public commentary, the Company may discuss
forward-looking information. Except for the historical information
contained in this release, all forward-looking statements are
estimates by the Company’s management subject to various risks and
uncertainties that may cause results to differ from management’s
current expectations. Such factors include weather conditions,
changes in regulatory policy and other risks as detailed in the
Company’s SEC reports and filings. All forward-looking statements,
if any, in this release represent the Company’s judgment as of the
date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20181105005788/en/
American Vanguard CorporationWilliam A. Kuser, Director of
Investor Relations(949) 260-1200williamk@amvac-chemical.comorThe
Equity Group Inc.www.theequitygroup.comLena Cati (212)
836-9611Lcati@equityny.com
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