American Vanguard Corp. (AVD) Announces $20M Share Repurchase

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.”

You May Also Be Interested In

• Vistance Networks adds $150M to share repurchase program
• Dycom authorizes $150M stock repurchase program over 18 months
• Ford names Dave Carroll president of Ford Energy as Lisa Drake retires