Advanced Drainage Systems to Announce Fourth Quarter and Fiscal Year 2017 Results on May 25, 2017
May 18 2017 - 4:20PM
Business Wire
Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the
“Company”), a leading global manufacturer of water management
products and solutions for commercial, residential, infrastructure
and agricultural applications, today announced that it will release
its unaudited fourth quarter and fiscal year 2017 financial results
before the market opens on May 25, 2017.
Chairman and Chief Executive Officer, Joe Chlapaty, and Chief
Financial Officer, Scott Cottrill will host a conference call and
webcast on May 25, 2017 at 10:00 a.m. ET to discuss the unaudited
results for the fourth quarter and fiscal year 2017.
The live call can be accessed by dialing 1-866-450-8367 (US
toll-free) or 1-412-317-5465 (international) and asking to be
connected to the Advanced Drainage Systems, Inc. call. The live
webcast will also be accessible via the “Events Calendar” section
of the Company’s Investor Relations website,
www.investors.ads-pipe.com. An archived version of the webcast will
be available for 90 days following the call.
About ADS
Advanced Drainage Systems (ADS) is the leading manufacturer of
high performance thermoplastic corrugated pipe, providing a
comprehensive suite of water management products and superior
drainage solutions for use in the construction and infrastructure
marketplace. Its innovative products are used across a broad range
of end markets and applications, including non-residential,
residential, agriculture and infrastructure applications. The
Company has established a leading position in many of these end
markets by leveraging its national sales and distribution platform,
its overall product breadth and scale and its manufacturing
excellence. Founded in 1966, the Company operates a global network
of approximately 60 manufacturing plants and over 30 distribution
centers. To learn more about the ADS, please visit the Company’s
website at www.ads-pipe.com.
Forward Looking
Statements
Certain statements in this press release may be deemed to be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements
include, but are not limited to, statements regarding the timing
for the Company’s issuance of its unaudited fourth quarter and
fiscal year 2017 financial results. These statements are not
historical facts but rather are based on the Company’s current
expectations, estimates and projections regarding the Company’s
business, operations and other factors relating thereto. Words such
as “may,” “will,” “could,” “would,” “should,” “anticipate,”
“predict,” “potential,” “continue,” “expects,” “intends,” “plans,”
“projects,” “believes,” “estimates,” “confident” and similar
expressions are used to identify these forward-looking statements.
Factors that could cause actual results to differ from those
reflected in forward-looking statements relating to our operations
and business include: fluctuations in the price and availability of
resins and other raw materials and our ability to pass any
increased costs of raw materials on to our customers in a timely
manner; volatility in general business and economic conditions in
the markets in which we operate, including, without limitation,
factors relating to availability of credit, interest rates,
fluctuations in capital and business and consumer confidence;
cyclicality and seasonality of the non-residential and residential
construction markets and infrastructure spending; the risks of
increasing competition in our existing and future markets,
including competition from both manufacturers of high performance
thermoplastic corrugated pipe and manufacturers of products using
alternative materials; our ability to continue to convert current
demand for concrete, steel and PVC pipe products into demand for
our high performance thermoplastic corrugated pipe and Allied
Products; the effect of weather or seasonality; the loss of any of
our significant customers; the risks of doing business
internationally; the risks of conducting a portion of our
operations through joint ventures; our ability to expand into new
geographic or product markets; our ability to achieve the
acquisition component of our growth strategy; the risk associated
with manufacturing processes; our ability to manage our assets; the
risks associated with our product warranties; our ability to manage
our supply purchasing and customer credit policies; the risks
associated with our self-insured programs; our ability to control
labor costs and to attract, train and retain highly-qualified
employees and key personnel; our ability to protect our
intellectual property rights; changes in laws and regulations,
including environmental laws and regulations; our ability to
project product mix; the risks associated with our current levels
of indebtedness; our ability to meet future capital requirements
and fund our liquidity needs; the risk that additional information
may arise that would require the Company to make additional
adjustments or revisions or to restate further the financial
statements and other financial data for certain prior periods and
any future periods, any further delay in the filing of any filings
with the SEC; the review of potential weaknesses or deficiencies in
the Company’s disclosure controls and procedures, and discovering
further weaknesses of which we are not currently aware or which
have not been detected; additional uncertainties related to
accounting issues generally and other risks and uncertainties
described in the Company’s filings with the Securities and Exchange
Commission. New risks and uncertainties emerge from time to time
and it is not possible for the Company to predict all risks and
uncertainties that could have an impact on the forward-looking
statements contained in this press release. In light of the
significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by the Company or any
other person that the Company’s expectations, objectives or plans
will be achieved in the timeframe anticipated or at all. Investors
are cautioned not to place undue reliance on the Company’s
forward-looking statements and the Company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170518005888/en/
Advanced Drainage Systems, Inc.Michael Higgins,
614-658-0050Mike.Higgins@ads-pipe.com
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