ADS Q1 2021 Earnings Report
Key Takeaways
Advanced Drainage Systems announced a strong start to fiscal year 2021. Net sales increased by 22.9% to $508.6 million, and net income increased to $70.7 million compared to a net loss of $227.5 million in the prior year. Adjusted EBITDA also saw a significant increase of 98.6% to $159.5 million.
Net sales increased by 22.9% to $508.6 million.
Net income increased to $70.7 million, compared to a net loss of $227.5 million in the prior year.
Adjusted EBITDA increased by 98.6% to $159.5 million.
Free cash flow increased by 132.4% to $123.4 million.
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Forward Guidance
Due to market uncertainty, the Company is currently unable to predict the extent to which the pandemic will impact future operations and financial results and therefore is not issuing financial guidance at this time. In fiscal 2021, capital expenditures are expected to be in the range of $60 million to $65 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income