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

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

Advanced Drainage Systems Announces Second Quarter Fiscal 2021 Results

November 5, 2020 6:40 AM EST

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 second quarter ended September 30, 2020.

Second Quarter Fiscal 2021 Results

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

Year-to-Date Fiscal 2021... More