American Vanguard is a specialty agricultural chemical company that manufactures and sells crop protection products to farmers, primarily through large national agricultural distributors and buying cooperatives. Its core product portfolio includes soil fumigants (led by Metam, its largest single product, used to sterilize soil before planting), soil insecticides (Aztec, Thimet), herbicides (Impact, Envoke, Folex), and a range of fungicides, growth regulators, and biological inputs sold under the Agrinos brand. American Vanguard also operates a smaller Specialty business serving vector control, turf, ornamental, and golf course markets. U.S. crop is the largest revenue contributor, while international sales — distributed across roughly 41 countries with a focus on Latin America, Australasia, and India — represent around 40% of net sales. American Vanguard earns revenue by selling proprietary formulated chemicals at a markup over manufacturing costs, with profitability driven by planted acreage trends (particularly corn, peanuts, and cotton), pricing dynamics, and product mix. The business is seasonally back-half weighted, with Q4 typically strongest due to fall fumigant applications. American Vanguard's current management team is executing a turnaround focused on cutting operating costs, reducing inventory and debt, and building a new product pipeline that management believes could contribute roughly $100M in incremental net sales beginning around 2028.