Advanced Drainage Systems to Announce First Quarter Fiscal 2020 Results on August 1, 2019
July 18 2019 - 4:10PM
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 financial results for the first quarter ended June
30, 2019, before the market opens on August 1, 2019.
President and Chief Executive Officer, Scott Barbour, and Chief
Financial Officer, Scott Cottrill will host a conference call and
webcast on August 1, 2019 at 10:00 a.m. ET to discuss the unaudited
results for the first quarter ended June 30, 2019.
The live call can be accessed by dialing 1-866-393-4306 (US
toll-free) or 1-734-385-2616 (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 An archived version of the webcast will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 The Company
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 55
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. Such statements include, but are not
limited to, statements regarding the timing for the Company’s
issuance of its unaudited 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 polyvinyl chloride (“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
information may arise that would require the Company to make
adjustments or revisions or to restate the financial statements and
other financial data for certain prior periods and any future
periods, any delay in the filing of any filings with the Securities
and Exchange Commission (“SEC”); the review of potential weaknesses
or deficiencies in the Company’s disclosure controls and
procedures, and discovering 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
SEC. 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: https://www.businesswire.com/news/home/20190718005672/en/
For more information, please contact: Michael Higgins VP,
Corporate Strategy & Investor Relations (614) 658-0050
Mike.Higgins@ads-pipe.com
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