Advanced Drainage Systems (WMS) Tops Q1 EPS by 11c, Updates Guidance
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Advanced Drainage Systems Announces First Quarter Fiscal 2019 Results
August 9, 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 first fiscal quarter ended June 30, 2018.
First Quarter Fiscal 2019 Highlights
Net sales increased 8.2% to $387.8 million Net income increased 82.2% to $33.7 million Adjusted EBITDA (Non-GAAP) increased 24.5% to $75.1 million Cash provided by operating activities improved $26.4 million to $9.8 million... More