Business Context and Reporting Period
Company: Advanced Drainage Systems, Inc. (NYSE: WMS)
Filing Type: Form 8-K (Current Report)
Date of Report: November 7, 2019
Reporting Period: Second fiscal quarter ended September 30, 2019
This filing serves as a notification of the Company's unaudited financial results for the second fiscal quarter, the declaration of a cash dividend, and upcoming management communications regarding these results.
Key Financial Metrics
The provided text references the issuance of a press release containing unaudited results for the second fiscal quarter ended September 30, 2019, but does not contain the specific numerical data within the body of this 8-K filing.
- Revenue, Profit, Cash Flow, Margins: Not provided in this text; referenced in Exhibit 99.1.
- Debt and Liquidity: Not provided in this text.
- Dividend Declaration: $0.09 per share.
- Dividend Payment Date: December 13, 2019.
- Record Date: November 29, 2019.
Material Changes
The filing text does not provide specific comparative financial data or material changes versus the prior period. It only confirms that results for the quarter ended September 30, 2019, have been issued.
Guidance, Outlook, and Management Commentary
Management Conference Call: Scheduled for November 7, 2019, at 9:00 a.m. Eastern time. CEO Scott Barbour and CFO Scott Cottrill will discuss the unaudited second-quarter results. Presentation slides are included as Exhibit 99.2.
Conference Presentation: The Company attended the Baird 2019 Global Industrial Conference in Chicago, IL, on November 7, 2019. Presentation slides are included as Exhibit 99.3.
Legal Disclaimer: Information furnished under Items 2.02 and 7.01, including exhibits, is not deemed "filed" under the Exchange Act and is not incorporated by reference into other filings.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings per share, and margin figures for the quarter ended September 30, 2019.
- Verify the dividend details: $0.09 per share, payable December 13, 2019, to shareholders of record as of November 29, 2019.
- Access the management conference call or archived webcast via the Investor Relations website for detailed commentary on operational performance.
- Examine Exhibit 99.2 and Exhibit 99.3 for management's outlook and strategic updates presented at the Baird conference.