Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. It also purchases and distributes construction fabrics, and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage. The company was founded in ...
4640 Trueman Boulevard
Hilliard, OH 43026
Founded in 1966
Advanced Drainage Systems, Inc. Presents at Barclays Select Series: Building and Building Products Symposium, Feb-26-2015 12:00 PM
Feb 20 15
Advanced Drainage Systems, Inc. Presents at Barclays Select Series: Building and Building Products Symposium, Feb-26-2015 12:00 PM. Venue: Barclays, 745 Seventh Avenue, New York, NY 10019, United States. Speakers: Joseph A. Chlapaty, Chairman, Chief Executive Officer, President and Chairman of Executive Committee, Mark B. Sturgeon, Chief Financial Officer, Executive Vice President, Treasurer and Secretary.
Advanced Drainage Systems, Inc. Announces Unaudited Consolidated Financial Results for the Third Fiscal Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year of 2015
Feb 5 15
Advanced Drainage Systems, Inc. announced unaudited consolidated financial results for the third fiscal quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales of $278,176,000 against $261,435,000 a year ago. Income from operations was $8,967,000 against $11,542,000 a year ago. Loss before income taxes was $301,000 against income before income taxes of $8,067,000 a year ago. Net loss available to common stockholders was $674,000 or $0.01 per basic and diluted share against $15,238,000 $0.32 per basic and diluted share a year ago. Adjusted EBITDA was $27,684,000 against $29,458,000 a year ago. Capital expenditures were $5,834,000 against $5,397,000 a year ago. EBITDA was $16,539,000 against $25,517,000 a year ago. Adjusted net income (Non-GAAP) was $2,323,000 or $0.03 per fully converted share against adjusted net loss of $8,007,000 or $0.12 per fully converted share a year ago.
For the nine months, the company reported net sales of $971,197,000 against $887,777,000 a year ago. Income from operations was $79,744,000 against $78,471,000 a year ago. Income before income taxes was $61,516,000 against $66,213,000 a year ago. Net income available to common stockholders was $22,174,000 or $0.43 per diluted share against $12,931,000 $0.27 per diluted share a year ago. Cash flows from operating activities were $85,404,000 against $88,104,000 a year ago. Capital expenditures were $21,477,000 against $27,097,000 a year ago. Adjusted EBITDA was $137,347,000 against $130,567,000 a year ago. EBITDA was $114,638,000 against $119,075,000 a year ago. Adjusted net income (Non-GAAP) was $44,328,000 or $0.62 per fully converted share against $30,637,000 or $0.45 per fully converted share a year ago.
Based on current visibility, backlog of existing orders and business trends, the company updated its financial targets for fiscal year 2015. Net sales for fiscal year 2015 are forecasted to be in the range of $1.185 billion to $1.2 billion, while the outlook for adjusted EBITDA has been lowered to a range of $156 to $160 million. Capital expenditures are expected to be approximately $35 million.
Advanced Drainage Systems, Inc. Declares Cash Dividend, Payable on March 16, 2015
Feb 4 15
On February 4, 2015, the Board of Directors of Advanced Drainage Systems, Inc. approved the declaration of a cash dividend of $0.04 per share, payable on March 16, 2015 to stockholders of record at the close of business on March 2, 2015.