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Advanced Drainage Systems Inc (WMS.N)

WMS.N on New York Stock Exchange

31.22USD
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Advanced Drainage Systems Files For $500 Mln Mixed Shelf Offering
Thursday, 1 Aug 2019 06:48pm EDT 

Aug 1 (Reuters) - Advanced Drainage Systems Inc ::FILES FOR $500 MILLION MIXED SHELF OFFERING - SEC FILING.SELLING STOCKHOLDERS MAY OFFER AND SELL UP TO AN AGGREGATE OF 8.4 MILLION SHARES COMMON STOCK.  Full Article

Advanced Drainage Systems Acquires Infiltrator Water Technologies From Ontario Teachers’ Pension Plan
Thursday, 1 Aug 2019 06:41am EDT 

Aug 1 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ACQUIRES INFILTRATOR WATER TECHNOLOGIES FROM ONTARIO TEACHERS’ PENSION PLAN.ADVANCED DRAINAGE SYSTEMS - ANNOUNCED ACQUISITION OF INFILTRATOR WATER TECHNOLOGIES FOR A PURCHASE PRICE OF APPROXIMATELY $1.08 BILLION.ADVANCED DRAINAGE SYSTEMS INC - ADS' MANAGEMENT ANTICIPATES THAT THIS ACQUISITION WILL BE ACCRETIVE TO ADJUSTED EBITDA IN YEAR ONE.ADVANCED DRAINAGE SYSTEMS-INITIALLY FUNDED DEAL WITH DRAWINGS UNDER SENIOR SECURED CREDIT FACILITY BY BARCLAYS AND MORGAN STANLEY SENIOR FUNDING,.ADVANCED DRAINAGE SYSTEMS - MANAGEMENT ANTICIPATES THIS ACQUISITION WILL BE ACCRETIVE TO ADJUSTED EBITDA IN YEAR ONE.ADVANCED DRAINAGE SYSTEMS INC - DEAL TO BE ACCRETIVE TO EPS IN FIRST FULL YEAR AND YIELD APPROXIMATELY $20-$25 MILLION IN RUN-RATE SYNERGIES BY YEAR THREE.ADVANCED DRAINAGE SYSTEMS INC - EXPECTS TO REFINANCE SENIOR SECURED CREDIT FACILITY THROUGH A COMBINATION OF OPPORTUNISTIC CAPITAL MARKETS TRANSACTIONS.ADVANCED DRAINAGE SYSTEMS - MANAGEMENT SEES DEAL TO BE ACCRETIVE TO EPS IN FIRST FY AND YIELD ABOUT $20-$25 MILLION IN RUN-RATE SYNERGIES BY YEAR THREE.  Full Article

Advanced Drainage Systems Announces First Quarter Fiscal 2020 Results
Thursday, 1 Aug 2019 06:40am EDT 

Aug 1 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES FIRST QUARTER FISCAL 2020 RESULTS.Q1 SALES ROSE 6.7 PERCENT TO $413.7 MILLION.SEES FY 2020 SALES $1.425 BILLION TO $1.475 BILLION.QTRLY NET LOSS OF $227.5 MILLION AS COMPARED TO NET INCOME OF $33.7 MILLION IN PRIOR YEAR.QTRLY LOSS PER SHARE $4.06.NET SALES ARE EXPECTED TO BE IN RANGE OF $1.425 BILLION TO $1.475 BILLION IN FY 2020.ADJUSTED EBITDA IS EXPECTED TO BE IN RANGE OF $245 TO $265 MILLION IN FY 2020.FY CAPITAL EXPENDITURES ARE EXPECTED TO BE IN RANGE OF $55 MILLION TO $65 MILLION.ADVANCED DRAINAGE SYSTEMS QTRLY INTERNATIONAL NET SALES DECREASED 13.3% TO $39.3 MILLION, DRIVEN PRIMARILY BY A DECREASE IN MEXICO SALES.REMAIN ON TRACK TO DELIVER ON MARGIN EXPANSION GOALS IMBEDDED IN OUR FISCAL 2020 GUIDANCE.  Full Article

Advanced Drainage Announces Special Cash Dividend Of $1/Shr
Thursday, 23 May 2019 06:41am EDT 

May 23 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES SPECIAL CASH DIVIDEND OF $1.00 PER SHARE AND QUARTERLY CASH DIVIDEND INCREASE.ADVANCED DRAINAGE SYSTEMS INC - DECLARED QUARTERLY CASH DIVIDEND ON ADS COMMON STOCK OF $0.09 PER SHARE..ADVANCED DRAINAGE SYSTEMS - SPECIAL DIVIDEND OF $1.00 PER SHARE WILL BE PAID ON JUNE 14 TO SHAREHOLDERS OF RECORD AT CLOSE OF BUSINESS ON JUNE 3.ADVANCED DRAINAGE SYSTEMS - AGGREGATE PAYMENT TO SHAREHOLDERS WILL BE ABOUT $75 MILLION, FUNDED THROUGH EXISTING CASH AND ADDITIONAL BORROWINGS 2019.  Full Article

Advanced Drainage Systems Qtrly Earnings Per Share $0.01
Thursday, 23 May 2019 06:40am EDT 

May 23 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES FOURTH QUARTER AND FISCAL 2019 RESULTS.SEES FY 2020 SALES $1.425 BILLION TO $1.475 BILLION.QTRLY NET SALES INCREASED 8.8% TO $272.2 MILLION.QTRLY EARNINGS PER SHARE $0.01.SEES FY2020 CAPITAL EXPENDITURES ARE EXPECTED TO BE IN RANGE OF $55 MILLION TO $65 MILLION.ADVANCED DRAINAGE SYSTEMS SEES FY2020 ADJUSTED EBITDA TO BE IN RANGE OF $245 TO $265 MILLION.Q4 EARNINGS PER SHARE VIEW $0.01 -- REFINITIV IBES DATA.  Full Article

Advanced Drainage Systems Announces Third Quarter Fiscal 2019 Results
Thursday, 7 Feb 2019 06:40am EST 

Feb 7 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES THIRD QUARTER FISCAL 2019 RESULTS.Q3 SALES $318.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $341.6 MILLION.SEES FY 2019 SALES $1.375 BILLION TO $1.425 BILLION.REAFFIRMED NET SALES AND ADJUSTED EBITDA TARGETS FOR FISCAL 2019.QTRLY EARNINGS PER SHARE $0.25.SEES FISCAL YEAR 2019 CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $40 TO $50 MILLION.  Full Article

Advanced Drainage Systems Reports Q2 Earnings Per Share Of $0.45
Thursday, 8 Nov 2018 06:30am EST 

Nov 8 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES SECOND QUARTER FISCAL 2019 RESULTS.Q2 SALES $406.6 MILLION VERSUS I/B/E/S VIEW $417.1 MILLION.SEES FY 2019 SALES $1.375 BILLION TO $1.425 BILLION.Q2 EARNINGS PER SHARE $0.45.Q2 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.FY2019 REVENUE VIEW $1.40 BILLION -- THOMSON REUTERS I/B/E/S.ADVANCED DRAINAGE SYSTEMS - Q2 NET SALES GROWTH HURT BY RECORD RAINFALL IN SEPTEMBER THROUGHOUT MANY OF CO'S KEY MARKETS.ADVANCED DRAINAGE SYSTEMS - REAFFIRMED ITS NET SALES AND ADJUSTED EBITDA TARGETS FOR FISCAL 2019.  Full Article

Advanced Drainage Systems Reports Qtrly Net Loss Per Share Of $0.11
Tuesday, 29 May 2018 06:40am EDT 

May 29 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES FOURTH QUARTER AND FISCAL 2018 RESULTS.Q4 SALES ROSE 2.4 PERCENT TO $250.1 MILLION.QTRLY NET LOSS PER SHARE $0.11.SEES FY 2019 SALES $1.375 BILLION TO $1.425 BILLION.SEES 2019 ADJUSTED EBITDA TO BE IN RANGE OF $220 TO $240 MILLION.2019 CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $60 TO $70 MILLION.FY2019 REVENUE VIEW $1.39 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Advanced Drainage Systems Posts Q3 EPS ‍$0.51​
Thursday, 8 Feb 2018 06:40am EST 

Feb 8 (Reuters) - Advanced Drainage Systems Inc ::ADVANCED DRAINAGE SYSTEMS ANNOUNCES THIRD QUARTER FISCAL 2018 RESULTS.Q3 SALES ROSE 8.9 PERCENT TO $320.8 MILLION.SEES FY 2018 SALES $1.275 BILLION TO $1.325 BILLION.QTRLY EARNINGS PER SHARE $0.51.QTRLY ADJUSTED EARNINGS PER FULLY CONVERTED SHARE WAS $0.47.QTRLY EPS ‍$0.51​.CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $50 MILLION TO $55 MILLION FOR 2018.2018 ADJUSTED EBITDA IS EXPECTED TO BE IN RANGE OF $195 AND $210 MILLION.‍HAS CONFIRMED ITS NET SALES AND ADJUSTED EBITDA TARGETS FOR FISCAL 2018​.SEES FISCAL YEAR 2018 ADJUSTED EBITDA TO BE IN RANGE OF $195 AND $210 MILLION.Q3 REVENUE VIEW $311.2 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $1.32 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article