HILLIARD, Ohio–(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 fourth quarter and fiscal year ended March 31,
2019, before the market opens on May 23, 2019.
President and Chief Executive Officer, Scott Barbour, and Chief
Financial Officer, Scott Cottrill will host a conference call and
webcast on May 23, 2019 at 10:00 a.m. ET to discuss the unaudited
results for the fourth quarter and fiscal year ended March 31, 2019.
The live call can be accessed by dialing 1-844-484-0244 (US toll-free)
or 1-647-689-5142 (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An archived version of the webcast will be available for 90 days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.
Contacts
Michael Higgins
VP, Corporate Strategy & Investor Relations
(614)
658-0050
[email protected]
