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Amvac sales down 26% in Q3

A halving of agricultural insecticide sales contributed to a 26.3% decline in American Vanguard's revenues to $71.6 million in the third quarter of 2014. High stock levels remaining from the previous year continued to impact Amvac's results. "Over 80% of our diminished sales revenue in the third quarter of 2014 resulted from lower restocking orders for granular soil insecticides, as the distribution channel worked off excess 2013 carryover inventory," says company chairman and CEO Eric Wintemute.

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