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Advanced Drainage Systems Inc (WMS.N)

WMS.N on New York Stock Exchange

21.05USD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Advanced Drainage Systems sees Q4 net sales about 7 percent lower than Q4 of last year
Monday, 13 Mar 2017 06:48am EDT 

Advanced Drainage Systems Inc : Sees Q4 net sales about 7 percent lower than Q4 of last year - SEC filing .Potential poor weather conditions could impact final results in Q4.  Full Article

Advanced drainage systems announces stock repurchase program
Thursday, 9 Feb 2017 06:32am EST 

Advanced Drainage Systems Inc : Advanced drainage systems announces stock repurchase program .Says board has authorized a stock repurchase program for repurchase of up to $50 million in shares of company's common stock.  Full Article

Advanced Drainage Systems posts Q3 adj. earnings $0.16/shr
Thursday, 9 Feb 2017 06:30am EST 

Advanced Drainage Systems Inc : Advanced Drainage Systems announces third fiscal quarter 2017 results . Advanced Drainage Systems Inc - adjusted EBITDA between $190 and $210 million for fiscal year 2017 . FY2017 revenue view $1.24 billion -- Thomson Reuters I/B/E/S . Sees FY 2017 sales $1.225 billion to $1.25 billion . Q3 adjusted non-GAAP earnings per share $0.16 . Sees adjusted EBITDA between $190 and $210 million for fiscal year 2017 .Q3 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.  Full Article

Advanced Drainage Systems Inc has acquired assets of Plastic Tubing Industries
Monday, 6 Feb 2017 05:39pm EST 

Advanced Drainage Systems Inc :Advanced Drainage Systems Inc - it has acquired assets of Plastic Tubing Industries a manufacturer of HDPE pipe and related accessories, for $9.5 million.  Full Article

Advanced Drainage Systems posts Q2 adj. earnings $0.35/shr
Thursday, 12 Jan 2017 06:42am EST 

Advanced Drainage Systems Inc : Advanced Drainage Systems announces second fiscal quarter 2017 results . Q2 sales $361 million versus I/B/E/S view $359.7 million . Sees FY 2017 sales $1.225 billion to $1.25 billion . Q2 adjusted non-GAAP earnings per share $0.35 . Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S . Sees adjusted EBITDA between $190 and $210 million for fiscal year 2017 . Anticipate that market headwinds will persist for remainder of fiscal year 2017 .Qtrly earnings per share $0.38.  Full Article

Advanced Drainage Systems to restate prior period financial statements
Tuesday, 29 Nov 2016 05:15pm EST 

Advanced Drainage Systems Inc : Advanced Drainage Systems to restate prior period financial statements . Restated financial information will include consolidated statements for annual periods ended March 31, 2016, 2015, 2014 . Due to nature of adjustments, co does not anticipate that restatement will impact revenue or adjusted EBITDA . Restated financial information will also include selected annual financial information for annual periods ended 2013, 2012 .Restated information will also include associated consolidated financial statements for quarterly periods for fiscal years 2016, 2015.  Full Article

Advanced Drainage Systems Q1 adjusted non-GAAP earnings per share $0.37
Thursday, 6 Oct 2016 07:23am EDT 

Advanced Drainage Systems Inc : Advanced Drainage Systems announces first fiscal quarter 2017 results . Q1 adjusted non-GAAP earnings per share $0.37 . Net sales for fiscal year 2017 are now forecast to be in range of $1.270 billion to $1.310 billion . Revised guidance on belief end market performance to be slightly lower than previously expected for rest of fiscal year 2017 . "we believe we will generate growth of mid-single digits in our core domestic construction markets for fy 2017" . Q1 sales $358 million versus I/B/E/S view $378.9 million . Q1 earnings per share view $0.24 -- Thomson Reuters I/B/E/S . Company has revised its net sales target for fiscal year 2017 . Sees Adjusted EBITDA (non-GAAP) $200 million to $225 million for full fiscal year . For FY2017, will continue to face headwinds in our agriculture end market and in Mexico .FY2017 revenue view $1.37 billion -- Thomson Reuters I/B/E/S.  Full Article

Advanced Drainage Systems files for non-timely 10-Q - SEC filing
Wednesday, 10 Aug 2016 06:01pm EDT 

Advanced Drainage Systems Inc : Says files for non-timely 10-Q - SEC filing . Significant management time and resources have been focused on the completion of the fiscal year 2016 audit . Anticipates will not be able be able to file quarterly report within extension period of 5 calendar days provided Source: (http://bit.ly/2aHnmEp ) Further company coverage: [WMS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Advanced Drainage Systems announces an increase in quarterly cash dividend
Tuesday, 7 Jun 2016 06:35am EDT 

Advanced Drainage Systems Inc : Advanced Drainage Systems announces an increase in quarterly cash dividend . Sets quarterly cash dividend of $0.06 per share . Board of directors has approved a 20% increase in quarterly cash dividend .Advanced Drainage Systems announces an increase in quarterly cash dividend.  Full Article

Advanced Drainage Systems sees 2017 sales of $1.33 bln to $1.38 bln
Tuesday, 7 Jun 2016 06:30am EDT 

Advanced Drainage Systems Inc : Outlook for adjusted ebitda (non-gaap) is expected to be in range of $205 million to $230 million for fy 2017 . Capital expenditures are expected to be approximately $50-55 million for 2017 . Guidance for fiscal year 2017 reflects anticipated overall domestic end market growth of 4% to 7% in construction related end markets . 2017 international net sales are expected to be relatively soft, driven by weakness in mexican economy and flat sales in canada . "currently expect momentum that we experienced in second half of year to continue into fiscal year 2017" . Fy2017 revenue view $1.38 billion -- Thomson Reuters I/B/E/S . Advanced drainage systems announces fiscal year 2016 unaudited results .Sees fy 2017 sales $1.33 billion to $1.38 billion.  Full Article

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