Advanced Drainage Systems (WMS) Tops Q3 EPS by 15c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus

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Advanced Drainage Systems Announces Third Quarter Fiscal 2021 Results

February 4, 2021 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 third quarter ended December 31, 2020.

Third Quarter Fiscal 2021 Results

Net sales increased 23.6% to $486.1 million Net income increased 128.4% to $54.0 million Adjusted EBITDA (Non-GAAP) increased 52.1% to $138.9 million

Year-to-Date Fiscal 2021 Results

Net sales increased 18.1% to $1.5... More