Advanced Drainage Systems (WMS) Reports Q1 EPS of $0.37; Updates FY17 Outlook

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Go back to Advanced Drainage Systems (WMS) Reports Q1 EPS of $0.37; Updates FY17 Outlook

Advanced Drainage Systems Announces First Fiscal Quarter 2017 Results

October 6, 2016 6:45 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 fiscal first quarter ended June 30, 2016.

First Fiscal Quarter 2017 Highlights

Quarterly net sales increased 2.4% to $358 million Net income increased 96% to $25 million Adjusted EBITDA (Non-GAAP) increased 34% to $72 million Cash flow from operating activities went... More