Advanced Drainage Systems (WMS) Misses Q3 EPS by 5c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

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Go back to Advanced Drainage Systems (WMS) Misses Q3 EPS by 5c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

Advanced Drainage Systems Announces Third Quarter Fiscal 2020 Results

February 6, 2020 6:40 AM EST

HILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced financial results for the third quarter ended December 31, 2019.

Third Quarter Fiscal 2020 Results

Net sales increased 23.7% to $393.4 million Net income of $23.7 million as compared to $16.6 million in the prior year Adjusted EBITDA (Non-GAAP) increased 88.5% to $91.3 million

Fiscal 2020 Year-to-Date... More