Advanced Drainage Systems Announces Fourth Quarter and Fiscal 2018 Results
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Advanced Drainage Systems (WMS) Misses Q4 EPS by 5c, Beats on Revenues; Offers FY19 Revenue Mid-Point Outlook Above Consensus
May 29, 2018 6:44 AM EDTAdvanced Drainage Systems (NYSE: WMS) reported Q4 EPS of ($0.11), $0.05 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $250.1 million versus the consensus estimate of $249.44 million.
Fourth Quarter Fiscal 2018 Highlights
Net sales increased 2.4% to $250.1 millionNet income increased 73.1% to $4.9 millionAdjusted EBITDA (Non-GAAP) increased 114.8% to $27.0 millionScott Barbour, President and Chief Executive Officer of ADS commented, We had a... More
