Advanced Drainage Systems (WMS) Misses Q3 EPS by 7c, Offers FY Guidance
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Advanced Drainage Systems Announces Third Quarter Fiscal 2019 Results
February 7, 2019 6:40 AM ESTHILLIARD, 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 third fiscal quarter ended December 31, 2018.
Third Quarter Fiscal 2019 Results
Net sales decreased 0.8% to $318.1 million Net income decreased 50.2% to $16.6 million Adjusted EBITDA (Non-GAAP) decreased 13.5% to $48.4 millionFiscal Year to Date Results
Net sales increased 3.0% to $1,112.5 million Net income... More