Advanced Drainage Systems (WMS) Declares $0.09 Quarterly Dividend; 0.9% Yield
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Advanced Drainage Systems (WMS) Misses Q2 EPS by 41c, Revenues Miss; Raises FY20 Revenue Guidance Above Consensus
November 7, 2019 6:43 AM ESTAdvanced Drainage Systems (NYSE: WMS) reported Q2 EPS of $0.10, $0.41 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $465.9 million versus the consensus estimate of $475.02 million.
Second Quarter Fiscal 2020 Results
Net sales increased 22.0% to $495.9 millionNet income of $8.5 million as compared to $29.4 million in the prior yearAdjusted EBITDA (Non-GAAP) increased 65.2% to $118.2 millionScott Barbour, President and Chief Executive Officer of ADS commented, We achieved very strong results in the second quarter of fiscal 2020. Our top line increased 22%, driven by 9% organic growth and two months of contribution from... More
