Advanced Drainage Systems, Inc. (NYSE:WMS) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operations and Financial Condition.
On May 25, 2017, Advanced Drainage Systems, Inc. (the Company)
issued a press release setting forth the Companys unaudited
results for the fourth quarter and full year of fiscal year 2017.
A copy of the Companys 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 Section 18 of the
Securities Exchange Act of 1934 (the Exchange Act) or otherwise
subject to the liabilities under Section 18 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 7.01Regulation FD Disclosure.
As previously announced, at 10:00 a.m. (Eastern time) on May 25,
2017, the Companys Chairman and Chief Executive Officer, Joe
Chlapaty, and Chief Financial Officer, Scott Cottrill, will host
a conference call and webcast to discuss the Companys unaudited
results for the fourth quarter and full year of fiscal year 2017.
A copy of the Companys 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 Companys 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 An archived version of the webcast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 7.01, including Exhibit
99.2, shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934 (the Exchange Act) or otherwise
subject to the liabilities under Section 18 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 8.01Other Events.
On May 25, 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
June 15, 2017 to stockholders of record at the close of business
on June 5, 2017. A copy of the Companys press release is attached
hereto as Exhibit 99.3 and hereby incorporated by reference.
Item 9.01Financial Statements and Exhibits.
|
(d) |
Exhibits |
The following exhibits are being furnished as part of this
report:
|
99.1 |
Press release, dated May 25, 2017, issued by Advanced |
|
99.2 |
Presentation slides, dated May 25, 2017 |
|
99.3 |
Press release, dated May 25, 2017, issued by Advanced |
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. Advanced Drainage Systems, Inc. (NYSE:WMS) Recent Trading Information
Advanced Drainage Systems, Inc. (NYSE:WMS) closed its last trading session down -0.30 at 21.60 with 249,707 shares trading hands.