Advanced Drainage Systems Announces Fourth Quarter Fiscal 2020 Results
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Advanced Drainage Systems (WMS) Reports In-Line Q4 EPS, Revenues Beat
May 21, 2020 6:42 AM EDTAdvanced Drainage Systems (NYSE: WMS) reported Q4 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $370.8 million versus the consensus estimate of $356.4 million.
Fourth Quarter Fiscal 2020 Results
Net sales increased 36.2% to $370.8 millionNet income increased 86.6% to of $3.5 millionAdjusted EBITDA (Non-GAAP) increased 95.6% to $72.1 millionScott Barbour, President and Chief Executive Officer of ADS commented, As the COVID-19 pandemic unfolds across the world, the health and safety of our employees remains our highest priority. During the fourth quarter, we implemented appropriate health protocols across our facilities,... More

