Advanced Drainage Systems Inc
NYSE:WMS
Other Pre-Announcement
Advanced Drainage Systems Announces Third Quarter Fiscal 2023 Results
Published: 02/02/2023 13:04 GMT
Advanced Drainage Systems Inc (WMS) - Advanced Drainage Systems Announces Third Quarter Fiscal 2023 Results.
Qtrly Net Sales Decreased 8.4% to $655.2 Million.
In Fiscal 2023 Net Sales Are Now Expected to Be in Range of $2.975 Billion to $3.050 Billion.
Advanced Drainage Systems - Going Forward, Expect Annual Margin Performance to Be Consistent With What We Communicated at Investor Day in March 2022.
Fiscal 2023 Capital Expenditures Are Expected to Be Approximately $175 Million.
FY2023 Revenue View $3.15 Billion -- Refinitiv Ibes Data (analyst estimates).
Expect Majority of Calendar 2023 to Remain a Challenging Demand Environment.
Adjusted EBITDA in FY 2023 is Now Expected to Be in Range of $850 Million to $890 Million.
Will Work Through This Period of Lower Demand by Managing Our Costs, Including Reducing Headcount, Optimizing Network.
Qtrly EPS $0.99.
Q3 Earnings per Share View $1.16, Revenue View $714.3 Million -- Refinitiv Ibes Data (analyst estimates).
Qtrly Net Sales Decreased 8.4% to $655.2 Million.
In Fiscal 2023 Net Sales Are Now Expected to Be in Range of $2.975 Billion to $3.050 Billion.
Advanced Drainage Systems - Going Forward, Expect Annual Margin Performance to Be Consistent With What We Communicated at Investor Day in March 2022.
Fiscal 2023 Capital Expenditures Are Expected to Be Approximately $175 Million.
FY2023 Revenue View $3.15 Billion -- Refinitiv Ibes Data (analyst estimates).
Expect Majority of Calendar 2023 to Remain a Challenging Demand Environment.
Adjusted EBITDA in FY 2023 is Now Expected to Be in Range of $850 Million to $890 Million.
Will Work Through This Period of Lower Demand by Managing Our Costs, Including Reducing Headcount, Optimizing Network.
Qtrly EPS $0.99.
Q3 Earnings per Share View $1.16, Revenue View $714.3 Million -- Refinitiv Ibes Data (analyst estimates).