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TheStreet Open House

American Vanguard Corporation Q1 2010 Earnings Call Transcript

American Vanguard Corporation (AVD)

Q1 2010 Earnings Call

May 6, 2010 12:00 p.m. ET

Executives

Bill Kuser - Director, Investor Relations

Eric Wintemute - President & CEO

Trevor Thorley - COO

David Johnson - CFO

Analysts

Jim Bartlett - Bartlett Investors

Brad Evans - Heartland Advisors

Ian Corydon - B. Riley and Company

Jay Harris - Goldsmith & Harris

Frank Bisk - Pilot

Presentation

Operator

Good day, everyone, and welcome to the American Vanguard Q1 2010 conference call. (Operator Instructions) I will now turn the call over to Mr. Bill Kuser, Director of Investor Relations.

Bill Kuser

Welcome everyone to American Vanguard's first quarter 2010 earnings review. Our speakers today will be Mr. Eric Wintemute, President and CEO of American Vanguard; Mr. Trevor Thorley, AMVAC's Chief Operating Officer; and Mr. David Johnson, the company's Chief Financial Officer.

Before beginning, let's take a moment for our usual cautionary reminder. In today's call, the company may discuss forward-looking information. Such information and statements are based on estimates and assumptions by the company's management and are subject to various risks and uncertainties that may cause actual results to differ from management's current expectations. Such factors can include weather conditions, changes in regulatory policy, competitive pressures and various other risks as they are detailed in the company's SEC reports and filings. All forward-looking statements represent the company's best judgment as of the date of this call and such information will not necessarily be updated by the company.

With that said, I will turn the call over to Eric.

Eric Wintemute

Good morning, everyone, and thank you for joining us today to review the first quarter performance of American Vanguard. Although a number of agriculture and chemical companies have reported first quarter performance declines, I am pleased to report that American Vanguard has achieved increases in both revenues and earnings for the first quarter of 2010.

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