Advanced Drainage Systems (WMS) Tops Q2 EPS by 7c

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Go back to Advanced Drainage Systems (WMS) Tops Q2 EPS by 7c

Advanced Drainage Systems Announces Second Fiscal Quarter 2017 Results

January 12, 2017 6:30 AM EST

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 second quarter ended September 30, 2016.

Second Fiscal Quarter 2017 Highlights

Net sales decreased 6% to $361 million Net income increased 52% to $24 million Adjusted EBITDA (Non-GAAP) increased 3% to $66 million

Year-to-Date 2017 Highlights

Net sales decreased 2% to $718 million... More