8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): August 8, 2005

AMERICAN VANGUARD CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-13795	95-2588080
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4695 MacArthur Court

Newport Beach, California 92660

(Address of principal executive offices)

Registrant’s telephone number: (949) 260-1200

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On August 8, 2005, American Vanguard Corporation issued a press release announcing its financial results for the period ended June 30, 2005. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this Current Report on Form 8-K, including the Exhibit attached hereto, is being furnished under Item 2.02 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 Press release dated August 8, 2005 of American Vanguard Corporation.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERICAN VANGUARD CORPORATION (Registrant)
By:	/s/ James A. Barry
	James A. Barry
	Senior Vice President
	Chief Financial Officer

Date: August 8, 2005

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INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press release dated August 8, 2005 of American Vanguard Corporation announcing its financial results for the period ended June 30, 2005.

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EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

AMERICAN VANGUARD POSTS 25^th CONSECUTIVE QUARTER OF COMPARABLE PERIOD GROWTH

Newport Beach, CA – August 8, 2005 – American Vanguard Corporation (AMEX:AVD), today announced financial results for the second quarter and six-month period ended June 30, 2005.

Second Quarter Financial Highlights – versus fiscal 2004 second quarter

• Net sales increased 19% to $37.3 million.

• Operating income rose 12% to $4.8 million.

• Net income grew 14% to $2.7 million or $0.14 per diluted share.

First Half Financial Highlights – versus fiscal 2004 first half

• Net sales rose 20% to $78.6 million.

• Operating income grew 25% to $10.2 million.

• Net income increased 28% to $5.9 million or $0.31 per diluted share.

Eric Wintemute, President and CEO of American Vanguard, stated, “We are pleased to announce our 25^th consecutive quarter of comparable sales and earnings growth, a great achievement for the Company. Strong performance from our cotton defoliant, cotton insecticide and soil fumigants contributed to the record results.”

Mr. Wintemute continued, “During the quarter, we were proud to report that for the third year in a row, American Vanguard was recognized as one of BusinessWeek’s Hot Growth Companies (#72) and FORTUNE Small Business’ America’s 100 Fastest Growing Small Companies (#40). We also were included on the new Russell Microcap^™ Index, which supplements our inclusion on the Russell 2000^® and Russell 3000^® Indexes.”

Mr. Wintemute concluded, “We are optimistic about American Vanguard’s prospects for the balance of the year and maintain our previously announced expectations for fiscal 2005 of double-digit growth in sales and net income. Our growth strategy remains focused on further expansion via product line acquisitions and licensing opportunities. We believe the current market environment, combined with our strengths in manufacturing, extensive experience with product acquisitions and strong financial position will enable us to continue to pursue our long-term growth objectives. We look forward to updating you on the Company’s performance.”

Conference Call

Eric Wintemute, President and CEO, and James Barry, Senior Vice President and CFO, will conduct a conference call focusing on the financial results at 12:00 noon ET on Monday, August 8, 2005. Interested parties may participate in the call by dialing 706-679-3155. Please call in 10 minutes before the call is scheduled to begin, and ask for the American Vanguard call. The conference call will also be broadcast live over the Internet via the Investors section of the Company’s web site at www.american-vanguard.com. To listen to the live webcast, go to the web site at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Company’s web site.

American Vanguard Corporation News Release August 8, 2005 Page 2

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. The Company’s basic strategy is to acquire brand name, niche product lines from larger companies that divest mature products to focus on newly discovered molecules. During 2005, American Vanguard was recognized as one of BusinessWeek’s Hot Growth Companies (#72) and FORTUNE Small Business’ America’s 100 Fastest Growing Small Companies (#40). American Vanguard is included on the Russell 2000^® and Russell^® 3000 Indexes. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.

The Company, from time to time, 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 and are 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 from time-to-time 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.

CONTACT:	-OR-	AVD’S INVESTOR RELATIONS FIRM
American Vanguard Corporation		The Equity Group Inc.
Eric G. Wintemute, President & CEO		www.theequitygroup.com
(949) 260-1200		Lauren Barbera
		lbarbera@equityny.com
		(212) 836-9610

American Vanguard Corporation News Release August 8, 2005 Page 3

American Vanguard Corporation and Subsidiaries

Consolidated Statements of Income

(Unaudited)

	For the three months ended June 30						For the six months ended June 30
	2005			2004			2005			2004
Net sales	$	37,325,000		$	31,492,000		$	78,555,000		$	65,711,000
Cost of sales		21,529,000			17,744,000			45,214,000			36,773,000
Gross profit		15,796,000			13,748,000			33,341,000			28,938,000
Operating expenses		11,038,000			9,497,000			23,170,000			20,778,000
Operating income		4,758,000			4,251,000			10,171,000			8,160,000
Interest expense		380,000			328,000			719,000			642,000
Interest income		(9,000	)		—			(11,000	)		(1,000	)
Interest capitalized		(81,000	)		(20,000	)		(144,000	)		(35,000	)
Income before income taxes		4,468,000			3,943,000			9,607,000			7,554,000
Income tax expense		1,720,000			1,538,000			3,724,000			2,946,000
Net income	$	2,748,000		$	2,405,000		$	5,883,000		$	4,608,000
Earnings per common share – basic (1)	$	.15		$	.13		$	.32		$	.26
Earnings per common share - assuming dilution (1)	$	.14		$	.13		$	.31		$	.24
Weighted average shares outstanding – basic (1)		18,240,000			17,945,000			18,231,000			17,936,000
Weighted average shares outstanding - assuming dilution (1)		19,281,000			19,205,000			19,275,000			19,137,000

(1) Retroactively restated to reflect a 2-for-1 stock split distributed on April 15, 2005 to common stockholders of record as of March 29, 2005.

American Vanguard Corporation News Release August 8, 2005 Page 4

American Vanguard Corporation and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

	June 30, 2005 (Unaudited)		December 31, 2004
Assets
Current assets:
Cash	$	1,232,000	$	457,000
Receivables		41,750,000		28,305,000
Inventories		48,290,000		43,635,000
Other current assets		1,049,000		1,619,000
Total current assets		92,321,000		74,016,000
Property, plant, equipment, net		29,696,000		26,118,000
Other assets		21,545,000		22,212,000
Total assets	$	143,562,000	$	122,346,000
Liabilities
Current liabilities:
Current installments of long-term debt	$	5,107,000	$	5,107,000
Accounts payable		14,352,000		12,984,000
Other current liabilities		24,581,000		19,650,000
Total current liabilities		44,040,000		37,741,000
Long-term debt, excluding current installments		29,421,000		19,474,000
Other long-term liabilities		1,159,000		1,159,000
Total liabilities		74,620,000		58,374,000
Total stockholders’ equity		68,942,000		63,972,000
Total liabilities and stockholders’ equity	$	143,562,000	$	122,346,000

American Vanguard Corporation News Release August 8, 2005 Page 5

2005 Summary Results of Operations

(Unaudited)

	Three months ended March 31		Three months ended June 30
Net sales	$	41,230,000	$	37,325,000
Gross profit		17,545,000		15,796,000
Operating income		5,413,000		4,758,000
Net income	$	3,135,000	$	2,748,000
EPS – basic	$	0.17	$	0.15
EPS – diluted	$	0.16	$	0.14
Weighted average shares outstanding		18,222,000		18,240,000
Weighted average shares outstanding – assuming dilution		19,279,000		19,281,000

2004 Summary Results of Operations

(Unaudited)

	Three months ended March 31		Three months ended June 30		Three months ended September 30		Three months ended December 31		Fiscal 2004
Net sales	$	34,219,000	$	31,492,000	$	39,624,000	$	45,520,000	$	150,855,000
Gross profit		15,190,000		13,748,000		18,446,000		24,874,000		72,258,000
Operating income		3,909,000		4,251,000		6,889,000		9,909,000		24,958,000
Net income	$	2,203,000	$	2,405,000	$	3,988,000	$	5,881,000	$	14,477,000
EPS – basic (1)	$	0.12	$	0.14	$	0.22	$	0.33	$	0.81
EPS – diluted (1)	$	0.12	$	0.13	$	0.21	$	0.30	$	0.76
Weighted average shares outstanding (1)		17,925,000		17,945,000		17,960,000		18,022,000		17,963,000
Weighted average shares outstanding – assuming dilution (1)		19,038,000		19,205,000		19,159,000		19,231,000		19,167,000

(1) Retroactively restated to reflect a 2-for-1 stock split distributed on April 15, 2005 to common stockholders of record as of March 29, 2005.

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