Advanced Drainage Systems Announces Second Quarter Fiscal 2021 Results

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Go back to Advanced Drainage Systems Announces Second Quarter Fiscal 2021 Results

Advanced Drainage Systems (WMS) Misses Q2 EPS by 12c, Revenues beat; Offers FY21 Revenue Guidance

November 5, 2020 6:45 AM EST

Advanced Drainage Systems (NYSE: WMS) reported Q2 EPS of $0.93, $0.12 worse than the analyst estimate of $1.05. Revenue for the quarter came in at $544.2 million versus the consensus estimate of $533.94 million.

Second Quarter Fiscal 2021 Results

Net sales increased 9.7% to $544.2 millionNet income increased to $80.6 million, compared to $8.5 million in the prior yearAdjusted EBITDA (Non-GAAP) increased 47.3% to $174.1 million

Scott Barbour, President and Chief Executive Officer of ADS commented, We had a strong second quarter of fiscal 2021, with 10% net sales growth as demand and business activity remained favorable. We generated strong performance... More