Advanced Drainage Systems Announces First Quarter Fiscal 2020 Results
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Advanced Drainage Systems (WMS) Reports Q1 Loss of $4.06, Revenues Beat; Offers FY20 Revenue Outlook
August 1, 2019 6:49 AM EDTAdvanced Drainage Systems (NYSE: WMS) reported Q1 EPS of ($4.06), versus $0.51 reported last year. Revenue for the quarter came in at $413.7 million versus the consensus estimate of $410.37 million.
First Quarter Fiscal 2020 Results
Net sales increased 6.7% to $413.7 millionNet loss of $227.5 million as compared to net income of $33.7 million in the prior yearIncludes $246.8 million of additional one-time ESOP stock-based compensation expenseAdjusted EBITDA (Non-GAAP) increased 6.9% to $80.3 millionCash provided by operating activities increased $53.0 million to $62.8 millionFree cash flow (Non-GAAP) increased $50.2 million to $53.1 millionScott Barbour, President... More
