Advanced Drainage Systems, Inc. (NYSE:WMS) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition.
On August 3, 2017, Advanced Drainage Systems, Inc. (the “Company”) issued a press release setting forth the Company’s unaudited results for the first quarter of fiscal year 2018. A copy of the Company’s press release is being furnished as Exhibit 99.1 and hereby incorporated by reference.
The information furnished to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under Section18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 2.02Regulation FD Disclosure.
As previously announced, at 10:00 a.m. (Eastern time) on August 3, 2017, the Company’s Chairman and Chief Executive Officer, Joe Chlapaty, and Chief Financial Officer, Scott Cottrill, will host a conference call and webcast to discuss the Company’s unaudited results for the first quarter of fiscal year 2018. A copy of the Company’s slides forming the basis of the presentation is being furnished as Exhibit 99.2 and hereby incorporated by reference.
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 An archived version of the webcast will be available for 90 days following the call.
The information furnished to this Item 2.02, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under Section18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 2.02Other Events.
On August 3, 2017, the Company issued a press release announcing the approval by the Board of Directors of the Company of the declaration of a cash dividend of $0.07 per share, payable on September15, 2017 to stockholders of record at the close of business on September1, 2017. A copy of the Company’s press release is attached hereto as Exhibit 99.3 and hereby incorporated by reference.
On August 3, 2017, the Company issued a press release announcing the acquisition of DURASLOT, Inc. A copy of the Company’s press release is attached hereto as Exhibit 99.4 and hereby incorporated by reference.
Item 2.02Financial Statements and Exhibits.
The following exhibits are being furnished as part of this report:
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99.1 |
Press release, dated August 3, 2017, issued by Advanced Drainage Systems, Inc. regarding earnings |
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99.2 |
Presentation slides, dated August 3, 2017 |
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99.3 |
Press release, dated August 3, 2017, issued by Advanced Drainage Systems, Inc. regarding dividend |
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99.4 |
Press release, dated August 3, 2017, issued by Advanced Drainage Systems, Inc. regarding acquisition |
ADVANCED DRAINAGE SYSTEMS, INC. ExhibitEX-99.1 2 wms-ex991_7.htm EX-99.1 EARNINGS RELEASE wms-ex991_7.htm Exhibit 99.1 ADVANCED DRAINAGE SYSTEMS ANNOUNCES FIRST QUARTER FISCAL 2018 RESULTS HILLIARD,…To view the full exhibit click here
About Advanced Drainage Systems, Inc. (NYSE:WMS)
Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States. The International segment manufactures and markets products in certain regions outside of the United States, with a focus on its owned facilities in Canada and through its joint ventures with local partners in Mexico, Central America and South America. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. Its products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications.