first quarter Thank you, call. our everyone earnings to Hello, Bill. welcome and
you thank always continued in As your interest Vanguard. American for
XXXX. start We’re off to a in strong
via XXXX four the net the $XX income up that in As OHP, came Mexico of lighter a largely through sales were quarter Parazone, XX% quarter domestic the up acquisitions to divestment FTC a products and net sales you’ve government increase the arouse products $XX came half was release, AgriCenter, include of in three or in to over ordered that million same second [ph] we from first compared read million significant to first larger of XX% Equus in period. extend Abba to of divestment. These that earnings our and mandated us XXXX. competed and us
to the our believe points. Given of quarterly three it's acquired financial I to important our make newly performance, significance businesses
annual these $XXX of forecasted acquisitions had excess we generate we sales in First, million.
seven last we these in assets the the months of During still sales. completing when $XX were XXXX, generated acquisitions, million
Now in matched amount. our quarter, first we’ve nearly that
and our towards annual the or greater to We as target. way we obtain expect of course sales that on the and add are efficiencies integrate exceeding [Indiscernible] over grow well meeting we time. continue to businesses, to improved
able without are a assets Second, to cost purchase to we reasonable ability and make at acquisitions. these diminishing further our
In year-over-year. fact, our deals, despite completing improved actually capacity borrowing has four these
we million at are XXXX. end We to In to merger XXXX. consolidation, the in made million end today divestments. versus aftermath acquisitions QX, continue XXXX of at the industry presume the of in post new QX, were see we we before the short, $XXX position are at better $XXX than we And of a opportunities
quickly from take businesses. additional matters so give selling I Panama and the Costa a fail to Nicaragua, initiative that times Caribbean. to one on Honduras, in into color headquartered is Third, regional you deserve. also start not they but some distribution Central these AgriCenter I we with Erica, to we Rica, new to serves want company Costa wanted America, the AgriCenter, only attention to Often that time next move the give some
to over TicoFrut region. customers years, AgriCenter become has [indiscernible]. markets like distributors and past Over and the a in the of under to course one citrus, of its Dole, own the rice, into products XXX the largest brands it pineapples, XX grown bananas
line our XXXX, player are the we becoming and AgriCenter pineapple which the market. note, side a in we major in a bromacil As product acquired
pineapples. more eat please So
under plants. the formulations addition, In micro AgriCenter a name offers of green nutrient complete line
feet into a the of for relationships in growers among and the tailors which customer bringing operates a ground XXX the to particularly the research presence into known innovative solutions technology ensure Life also its other region. own to field With on countries, El mark persons thereby six only long-term from intend none. service necessary We time export to we’ve as -- throughout fostering distributors, As the be products, and expand Ecuador, distinction will AgriCenter our center regions. at biological but and same micronutrients that to our LATAM, including in not AgriCenter's Guatemala second Salvador,
necessary sold non-crop of insecticides, complex products greenhouse under a [ph] practices AgriCenter, The In ADCHEM all infrastructure brands ADCHEM nursery own management shrubs herbicides, towards tropical us OHP effectively level herbs eight works to service now perennials, market. addition XX the woody our companies a this up are Unlike Nearly plants. cycles domestic increase has and OHP per growers provides growers require OHP's business varieties of million. within [ph] by products applications grow commonly on regulators. OHP $XXX space. to many markets, greenhouses, solution flowers, of greenhouse skilled about to crop XX%. the are targeted of increasingly of with the may growth to develop our gives and trees, OHP penetrate highly the approach with managing And include served we their and the inputs. have as greenhouses which to many crop Within include XX and program Nursery plants, year. business fungicides, plant can turnkey OHP, non-crop address to distributor full operating largest domestic used and addition addition and are which vegetables. is by employees,
that in used the number herbicide these conjunction grow companies, in a In crops corn, [indiscernible] primarily almonds, much in such soybeans, a through divestments used which addition managing were into southern crops insecticide product bananas, Abba, used region served that products and In on herbicides supply as and and cotton, vegetables, be three to to a of ample to distribution these measures of cotton. for crops, production. GESAPAX selling constraints multiple multiple required access for we and In greater lines and products taking of we Mexico we’ve is particularly we on XXXX assigned fungicide two expand Mexico. industry and and on primarily citrus two the of ensure acquired both with and experience; and tool have Knowing find KRISMAT by mergers. to continuous to Mexico, season but are as on these popular are which line domestically supply. our thereby for largely we Parazone, addition the U.S., other in a are would sources products, as weeds. used fungicide and glyphosate-resistant peanuts cotton also plan are well as fruits primarily Bravo The Equus, market a biological sugarcane on portfolio which obtain which the there
our the of was of performance strong the acquired business. from newly at start addition mentioned remarks, in to growth sales my I As products our traditional
During a recorded net to This the compared of quarter, improvement as business the the for XXXX. quarter X% our base the is first sales industry to quarter. in average comparable
base should years. be not market our something upward was we can continue time. By much business years, contrast, past multiple has and we've consistently base [indiscernible] mid from back demand you that overlooked. us growing traditional of our business in In during our been Looking industry for been strong the digits driven a an that experienced soil factors. for for stable cycle. by trajectory maintain many single business of results short, our and this that see of for however, fumigants, to down three Growth been over has our our large by We potatoes a quarterly
addition, during Thimet season. districts product beets and soil sales increased Aztec corn, the adulticide Counter XXXX hurricane sugar have for peanuts our In for Also sugarcane. of vector to granular as depleted of ordered and inventories such corn Dibrom replenish that been we insecticides sales and as mosquito for control
We of and insecticides the that IMPACT markets the competitive states. during their all to in our one products Mocap were product in our period. corn the gains also posted of Further, the international enjoyed value most up Nemacur, our continue sales Not which broad-spectrum I’m are retain pleased herbicide in segments united brands and markets. quarter. improved during
planting declined in Nemacur part for Korea and to weather-related Mexico. both Aztec changes example, to technology Southern delays in -- declined competing [indiscernible] for international and due base distribution the in sales business Europe and For with both
more continue decreases to were growth. our of gains However, offset our trend by able than and virtue these positive by we are the of diversification
a the mention for I Before to our within organization. changes financial turning few want to analysis structural David his on performance,
five has years of in the international As DuPont of Managing Development and John Business as Ad served at De XXXX. business [ph] was of Peter's who May assumed Puente responsibility the had Jong, of positions retirement who of at of our AMVAC Development to and increasing into has VP who transitions X years, of our role over Netherlands BV past Marketing. as position of the the have Marketing for of light served In run XX Business Director promoted promotion, Eilers, Peter end VP for
In his will for Scott only Application US his who he VP also past that, role, Canadian addition, be for Hendrix of of In has Technology. Senior not to promoted commercialization. but SIMPAS will new three been David? I and has With additional overseeing been David Crop the turn responsibilities assuming Crop US years to sales VP comments.
