Key Developments: Advanced Drainage Systems Inc (WMS.N)

WMS.N on New York Stock Exchange

27.15USD
27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Advanced Drainage Systems announces cash dividend
Monday, 9 Feb 2015 10:40am EST 

Advanced Drainage Systems:Approves a quarterly cash dividend to its shareholders in the amount of $0.04 per share.Payable on March 16 to shareholders of record at the close of business on March 2.  Full Article

Advanced Drainage Systems Inc lowers FY 2015 guidance
Thursday, 5 Feb 2015 07:30am EST 

Advanced Drainage Systems Inc:Forecasts FY 2015 net sales to be in the range of $1.185 to $1.2 bln.Says FY 2015 outlook for adjusted EBITDA has been lowered to a range of $156 to $160 mln.FY 2015 revenue of $1.216 bln and EBITDA of $168 mln - Thomson Reuters I/B/E/S.  Full Article

Advanced Drainage Systems Inc acquires Ideal Pipe of Canada
Monday, 2 Feb 2015 04:05pm EST 

Advanced Drainage Systems Inc:Acquires Ideal Pipe of Canada, a manufacturer of HDPE pipe and related accessories for about C$56.8 mln.  Full Article

Advanced Drainage Systems Inc announces pricing of follow-on offering of common stock
Wednesday, 3 Dec 2014 05:50pm EST 

Advanced Drainage Systems Inc:Says pricing of follow-on public offering of 10,000,000 shares of its common stock at price to public of $21.25 per share.All of such shares will be offered and sold by ASP ADS Investco, LLC (selling stockholder), affiliate of American Securities LLC, and selling stockholder will receive all of proceeds from such offering.Underwriters have 30-day option to purchase up to additional 1,500,000 shares of common stock from selling stockholder.Offering is expected to close on or about Dec. 9.Barclays and Deutsche Bank Securities are acting as joint book-running managers and representatives of underwriters for the offering.Additional joint book-running managers for offering are RBC Capital Markets, BofA Merrill Lynch and Baird.Co-managers for offering are Fifth Third Securities and PNC Capital Markets LLC.  Full Article

Advanced Drainage Systems Inc announces proposed follow-on offering of common stock
Monday, 1 Dec 2014 04:29pm EST 

Advanced Drainage Systems Inc:Says launch of proposed follow-on public offering of 10,000,000 shares of its common stock.All of such shares will be offered and sold by ASP ADS Investco, LLC, an affiliate of American Securities LLC, and selling stockholder will receive all of proceeds from such offering.Barclays and Deutsche Bank Securities are acting as joint book-running managers and representatives of the underwriters for the proposed offering.Additional joint book-running managers for the proposed offering are RBC Capital Markets, BofA Merrill Lynch and Baird.Says co-managers for proposed offering are Fifth Third Securities and PNC Capital Markets LLC.  Full Article

Advanced Drainage Systems Inc initiates quarterly cash dividend
Wednesday, 12 Nov 2014 01:05pm EST 

Advanced Drainage Systems Inc:Intimates dividend program pursuant to which the Company intends to pay regular quarterly cash dividends on its common stock.Declares an initial cash dividend of $0.04 per share.Payable on Dec. 10 to stockholders of record on Dec. 01.  Full Article

Advanced Drainage Systems Inc lowers high end of prior FY 2015 revenue guidance to a range in line with analysts' estimates; reaffirms FY 2015 EBITDA guidance
Wednesday, 5 Nov 2014 07:30am EST 

Advanced Drainage Systems Inc:Updates financial targets for FY 2015.Says range for net sales for FY 2015 was tightened to $1.21 to $1.25 bln, while outlook remained unchanged for adjusted EBITDA and is expected to be in the range of $165 to $175 mln.FY 2015 revenue of $1.22 bln and EBITDA of $167 mln - Thomson Reuters I/B/E/S.  Full Article

Advanced Drainage Systems Inc gives FY 2015 guidance
Wednesday, 3 Sep 2014 07:30am EDT 

Advanced Drainage Systems Inc:Expects FY 2015 net sales to be in the range of $1.21 to $1.26 bln.Expects FY 2015 adjusted EBITDA in the range of $165 to $175 mln.  Full Article

Advanced Drainage Systems Inc announces pricing of initial public offering of common stock
Thursday, 24 Jul 2014 07:22pm EDT 

Advanced Drainage Systems Inc:Announces pricing of its initial public offering of 14,500,000 shares of its common stock at a price to the public of $16.00 per share.Says ADS is offering 5,289,474 shares of its common stock and the selling stockholders named in the registration statement are offering 9,210,526 shares of common stock.Says the selling stockholders have granted the underwriters an option to purchase up to an additional 2,175,000 shares of common stock at the initial public offering price less the underwriting discount, within 30 days from the date of the offering.Says the shares are expected to begin trading on the New York Stock Exchange under the symbol "WMS" on July 25, 2014.Says the offering is expected to close on or about July 30, 2014.Says ADS intends to use the net proceeds from this offering to fund repayment of existing indebtedness and general corporate purposes.Says ADS will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders.Says Barclays and Deutsche Bank Securities are acting as representatives of the underwriters and Barclays, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as joint book-running managers.Says BofA Merrill Lynch, Fifth Third Securities and PNC Capital Markets LLC are acting as co-managers.  Full Article

Advanced Drainage Systems announces launch of initial public offering
Monday, 14 Jul 2014 08:15am EDT 

Advanced Drainage Systems Inc:Commences an initial public offering of 14,500,000 shares of common stock pursuant to a registration statement filed with the U.S. Securities and Exchange Commission.Initial public offering price is currently expected to be between $17.00 and $19.00 per share.ADS is offering 5,289,474 shares of its common stock and the selling stockholders named in the registration statement are offering 9,210,526 shares of common stock.ADS intends to use the net proceeds from this proposed offering to fund repayment of existing indebtedness and general corporate purposes.Barclays and Deutsche Bank Securities are acting as representatives of the underwriters and Barclays, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as joint book-running managers for the proposed offering.  Full Article

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