2023-08-03 06:53:51 ET
- Advanced Drainage Systems press release ( NYSE: WMS ): FQ1 GAAP EPS of $2.18 beats by $0.65 .
- Revenue of $778M (-14.9% Y/Y) beats by $31.95M .
- Adjusted EBITDA (Non-GAAP) decreased 5.9% to $281.3 million.
- Cash provided by operating activities decreased 2.3% to $244.0 million.
- Free cash flow (Non-GAAP) decreased 5.5% to $201.9 million.
- Based on current visibility, backlog of existing orders and business trends, the Company confirmed its financial targets for fiscal 2024. Net sales are expected to be in the range of $2.600 billion to $2.800 billion vs. consensus of $2.74B. Adjusted EBITDA is expected to be in the range of $725 to $825 million. Capital expenditures are expected to be in the range of $200 million to $225 million.
For further details see:
Advanced Drainage Systems beats FQ1 top and bottom line estimates; reaffirms FY23 outlook