Advanced Drainage Systems Announces Third Quarter Fiscal 2020 Results
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Advanced Drainage Systems (WMS) Misses Q3 EPS by 5c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus
February 6, 2020 6:43 AM ESTAdvanced Drainage Systems (NYSE: WMS) reported Q3 EPS of $0.28, $0.05 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $393.42 million versus the consensus estimate of $392.07 million.
Third Quarter Fiscal 2020 Results
Net sales increased 23.7% to $393.4 millionNet income of $23.7 million as compared to $16.6 million in the prior yearAdjusted EBITDA (Non-GAAP) increased 88.5% to $91.3 millionScott Barbour, President and Chief Executive Officer of ADS commented, We generated very strong results for the third quarter with sales growth of 24%, reflecting strong organic* growth of 5% as well higher than expected contributions from Infiltrator Water... More
