Advanced Drainage Systems Announces First Quarter Fiscal 2021 Results
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Advanced Drainage Systems (WMS) Tops Q1 EPS by 15c, Revenues Beat
August 6, 2020 6:34 AM EDTAdvanced Drainage Systems (NYSE: WMS) reported Q1 EPS of $0.83, $0.15 better than the analyst estimate of $0.68. Revenue for the quarter came in at $508.6 million versus the consensus estimate of $494.94 million.
First Quarter Fiscal 2021 Results
Net sales increased 22.9% to $508.6 millionNet income increased to $70.7 million, compared to a net loss of $227.5 million in the prior yearAdjusted EBITDA (Non-GAAP) increased 98.6% to $159.5 millionCash provided by operating activities increased 112.8% to $133.7 millionFree cash flow (Non-GAAP) increased 132.4% to $123.4 millionScott Barbour, President and Chief Executive Officer of ADS... More
