NYSE$WMS

Advanced Drainage Systems Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

ADS financial results announced for Q4 and Fiscal year ended March 31, 2020.

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.

Headline financials

Total Revenue

$371M

Previous: $272M+36.2%
EPS (adj)

$0.01

Previous: $0.01+0.0%
Adjusted EBITDA

$72.1M

Previous: $36.9M+95.6%
Capital Expenditures

$21.4M

Previous: $12.3M+74.1%
Free Cash Flow

-$11.5M

Previous: -$8.63M-33.5%
Net Income

$3.53M

Previous: $1.01M+249.8%
Operating Income

$6.76M

Previous: $6.71M+0.8%
Gross Profit

$109M

Previous: $59.5M+82.8%
Cash & Equivalents

$174M

Previous: $8.89M+1859.7%
Total Assets

$2.37B

Previous: $1.04B+127.4%
Stock-Based Comp

$5.03M

Previous: $5.69M-11.5%

Revenue & EPS history

ADS · Revenue · Quarterly

$371M

Q4 2020+36.2%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

ADS · $371M total across 5 segments · Q4 2020

  • Domestic Pipe
    $202M+11.6%
  • Domestic Allied Products
    $87.8M+24.8%
  • Wastewater
    $58.1M
  • International
    $16.4M+10.7%
  • International - Allied Products & Other
    $6.63M+6.3%

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+3.7%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+4.2%

Avg return

30 days after

71%

34 / 48 earnings

Positive

+18.1%

Q4 2018

Best reaction

-26.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.4%
Q3 2026+6.1%+9.2%-8.8%
Q2 2026+8.9%+9.7%+10.5%
Q1 2026+17.3%+20.1%+30.3%
Q4 2025-3.4%-2.7%-7.1%
Q3 2025+1.4%+9.5%-1.0%
Q2 2025-14.6%-16.3%-18.3%
Q4 2024-1.2%+1.7%-3.0%
Q3 2024+17.4%+14.4%+17.1%
Q2 2024+4.1%+3.5%+16.0%
Q1 2025+4.2%+7.2%+4.2%
Q4 2023+8.9%+8.3%+24.6%
Q3 2023-10.9%-8.4%-13.8%
Q2 2023-26.7%-25.0%-16.0%
Q1 2023+16.0%+16.0%+10.8%
Q4 2022+5.7%+7.6%-17.6%
Q3 2022+5.7%+1.9%+5.2%
Q2 2022+10.6%+18.4%+11.9%
Q1 2022-5.2%-4.2%-4.6%
Q4 2021+5.9%+8.8%-3.3%
Q3 2021+16.5%+15.0%+19.4%
Q2 2021-5.1%-7.8%+11.5%
Q1 2021+11.2%+11.5%+11.2%
Q4 2020+7.1%+6.1%+17.6%
Q3 2020+6.6%+7.6%+4.2%
Q2 2020+0.0%+1.4%+1.6%
Q1 2020+1.8%+1.7%-4.7%
Q4 2019+9.2%+6.5%+13.7%
Q3 2019-5.9%-3.7%-6.2%
Q2 2019-3.7%-8.4%-11.0%
Q1 2019+7.8%+10.8%+14.0%
Q4 2018+18.1%+15.0%+11.6%
Q3 2018+11.9%+21.7%+21.5%
Q2 2018+10.1%+11.1%+21.4%
Q1 2018+0.3%+13.1%-0.8%
Q4 2017-4.4%-8.3%-7.4%
Q3 2017+1.2%-2.5%-9.8%
Q2 2017+5.1%+1.1%+7.5%
Q1 2017-6.0%-2.5%-18.4%
Q2 2016+9.5%+7.9%+11.1%
Q4 2016+9.5%+7.9%+11.1%
Q1 2016+0.4%-1.6%+11.2%
Q3 2016+3.8%+5.6%+10.7%
Q4 2015+9.4%
Q3 2014-1.5%
Q3 2015-0.0%
Q2 2015+10.8%
Q1 2015+3.2%
Q4 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013

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