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Advanced Drainage Systems Inc (WMS.N)

WMS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Advanced Drainage Systems Q1 adjusted non-GAAP earnings per share $0.37
Thursday, 6 Oct 2016 

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 

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 

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 

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

Advanced Drainage Systems Announces Quarterly Cash Dividend
Monday, 22 Feb 2016 

Advanced Drainage Systems:Board of Directors has approved a quarterly cash dividend to its stockholders in the amount of $0.05 per common share.The quarterly cash dividend of $0.05 per common share will be paid on March 15, 2016 to stockholders of record at the close of business on March 1, 2016.  Full Article

BRIEF-Advanced Drainage Systems names Scott Barbour CEO

* Named Scott Barbour to serve as president and chief executive officer, succeeding Joe Chlapaty‍​