ADS Q4 2020 Earnings Report
Key Takeaways
Advanced Drainage Systems (ADS) reported a strong fourth quarter in fiscal year 2020, with net sales increasing by 36.2% to $370.8 million and net income increasing by 86.6% to $3.5 million.
Net sales increased 36.2% to $370.8 million.
Net income increased 86.6% to $3.5 million.
Adjusted EBITDA (Non-GAAP) increased 95.6% to $72.1 million.
Operations remained up and running as the company worked to meet steady customer demand throughout the quarter.
ADS
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ADS Revenue by Segment
Forward Guidance
ADS continues to carefully monitor the pandemic and the impact on its business. However, given the 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