American Vanguard reported a fourth-quarter net loss of $8.6 million, compared with earnings of $7.9 million in the year-ago period. The 2009 quarter includes a one-time charge of $13.5 million related to an inventory adjustment. Sales fell 29%, to $50.8 million. "Like many of our peers, we were negatively impacted in the quarter and the full year by unfavorable weather and by the continued reluctance of distributor channels to stock inventory for the upcoming 2010 spring planting sea- son," says president and CEO Eric Wintemute.
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