American Vanguard Corp.

The Newport Beach diversified specialty and agricultural products company posted third-quarter net income of $1 million, or 38 cents a share, up from the $679,000, or 25 cents a share, reported a year ago. Sales increased 25% to $21.4 million.

The company also said its board authorized the repurchase of up to 11%, or 300,000 shares, of its outstanding common stock. The shares may be purchased from time to time in open market transactions.

American Vanguard had about 2.7 million common shares outstanding as of Nov. 2.