Advanced Drainage Systems (WMS) Misses Q1 EPS by 39c

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Go back to Advanced Drainage Systems (WMS) Misses Q1 EPS by 39c

Advanced Drainage Systems Announces First Quarter Fiscal 2022 Results

August 5, 2021 6:40 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 fiscal first quarter ended June 30, 2021.

First Quarter Fiscal 2022 Results

Net sales increased 31.6% to $669.3 million Net income increased 9.1% to $77.1 million Adjusted EBITDA (Non-GAAP) increased 4.5% to $166.6 million Cash provided by operating activities of $104.3 million Free cash flow (Non-GAAP) of... More