Advanced Drainage Systems (WMS) Posts Breakeven Q1 Loss

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Go back to Advanced Drainage Systems (WMS) Posts Breakeven Q1 Loss

Advanced Drainage Systems Announces Fourth Fiscal Quarter and Full Fiscal 2015 Results

May 12, 2015 7:30 AM EDT

HILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced financial results for the fourth fiscal quarter ended March 31, 2015.

Fourth Fiscal Quarter 2015 Highlights

Quarterly net sales increased 14.0% to $207 million Adjusted EBITDA of $16.3 million Adjusted earnings per fully converted share of $0.00

Full Fiscal Year 2015 Highlights

Full year net sales... More