Advanced Drainage Systems (WMS) Misses Q4 EPS by 5c, Beats on Revenues; Offers FY19 Revenue Mid-Point Outlook Above Consensus
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Advanced Drainage Systems Announces Fourth Quarter and Fiscal 2018 Results
May 29, 2018 6:40 AM EDTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of water management products and solutions for non-residential, residential, infrastructure and agricultural applications, today announced financial results for the fourth quarter and fiscal year ended March 31, 2018.
Fourth Quarter Fiscal 2018 Highlights
Net sales increased 2.4% to $250.1 million Net income increased 73.1% to $4.9 million Adjusted EBITDA (Non-GAAP) increased 114.8% to $27.0 millionFiscal Year 2018 Highlights
Net sales increased 5.8% to $1,330.4 million Net income... More