Advanced Drainage Systems (WMS) Reports In-Line Q4 EPS, Revenues Beat

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Advanced Drainage Systems Announces Fourth Quarter Fiscal 2020 Results

May 21, 2020 6:40 AM EDT

HILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), is a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries today announced financial results for the fourth quarter and fiscal year ended March 31, 2020.

Fourth Quarter Fiscal 2020 Results

Net sales increased 36.2% to $370.8 million Net income increased 86.6% to of $3.5 million Adjusted EBITDA (Non-GAAP) increased 95.6% to $72.1 million

Fiscal Year 2020 Results

Net sales... More