Advanced Drainage Systems (WMS) Tops Q1 EPS by 15c, Revenues Beat

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Advanced Drainage Systems Announces First Quarter Fiscal 2021 Results

August 6, 2020 6:30 AM EDT

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 first quarter ended June 30, 2020.

First Quarter Fiscal 2021 Results

Net sales increased 22.9% to $508.6 million Net income increased to $70.7 million, compared to a net loss of $227.5 million in the prior year Adjusted EBITDA (Non-GAAP) increased 98.6% to $159.5 million Cash provided by operating activities increased 112.8% to $133.7... More