美国先锋 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROMTO Commission file number 001-13795 AMERICAN VANGUARD CORPORATION 95-2588080(I.R.S. EmployerIdentification Number) Delaware(State or other jurisdiction ofIncorporation or organization) 4695 MacArthur Court, Newport Beach, California(Address of principal executive offices) 92660(Zip Code) (949) 260-1200(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Non-Accelerated Filer☐Emerging growthcompany☐ Accelerated Filer☒Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.Common Stock, $0.10 Par Value—28,605,895 shares as of April 27, 2026. AMERICAN VANGUARD CORPORATION INDEX Item 1.Financial Statements (unaudited)Condensed Consolidated Statements of Operations3Condensed Consolidated Statements of Comprehensive Loss4Condensed Consolidated Balance Sheets5Condensed Consolidated Statements of Stockholders’ Equity6Condensed Consolidated Statements of Cash Flows7Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures About Market Risk21Item 4.Controls and Procedures22PART II—OTHER INFORMATIONItem 1.Legal Proceedings23Item 1A.Risks Factors23Item 2.Purchases of Equity Securities by the Issuer23Item 6.Exhibits24SIGNATURES25 AMERICAN VANGUARD CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(In thousands)(Unaudited) For the three monthsended March 3120262025Net loss$(4,145)$(8,462)Other comprehensive income:Foreign currency translation adjustment, net of tax effects9381,825Comprehensive loss$(3,207)$(6,637)See notes to the condensed consolidated financial statements. AMERICAN VANGUARD CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share data)(Unaudited) AMERICAN VANGUARD CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYFor The Three Months Ended March 31, 2026 and March 31, 2025(In thousands, except share data)(Unaudited) AMERICAN VANGUARD CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) AMERICAN VANGUARD CORPORATION AND SUBSIDIARIESNotes to the Condensed Consolidated Financial Statements(In thousands, except share data)(Unaudited) 1.Summary of Significant Accounting Policies— The accompanying unaudited condensed consolidated financial statementsof American Vanguard Corporation and Subsidiaries (“AVD” or “the Company”) have been prepared in accordance with generallyaccepted accounting principles in the United States of America (“US GAAP”) for interim financial information and with theinstructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting ofconsolidating adjustments, eliminations, and normal recurring accruals) considered necessary for a fair presentation have beenincluded. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may beexpected for the year ending December 31, 2026. The condensed consolidated financial statements and related notes do not includeall information and footnotes r