Preliminary Q4 2022 American Vanguard Corp Earnings Call Transcript
Hello, and welcome to the American Vanguard business update conference call and webcast. (Operator Instructions) As a reminder, this conference is being recorded.
It's now my pleasure to turn the call over to your host, Chairman and CEO, Eric Wintemute. Please go ahead, sir.
Thank you, Kevin. Good morning, everyone, and thank you for joining this call. Let me start by putting a point on what we had outlined in the press release that we issued on Friday.
We expect our full year 2022 financial performance will exceed that of 2021 in all material respects. Furthermore, we expect to achieve significant growth and profitability in 2023 over 2022. And we will be giving you specific performance targets for the '23 year in about 6 weeks on our March earnings call.
In the fourth quarter, we were forced to delay roughly $15 million of high-margin sales due to a supply chain disruption. Now that we have fixed the supply disruption, we expect to largely recoup the sales that
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