Advanced Drainage reports Q4 adjusted EPS $1.07, consensus 97c

Reports Q4 revenue $676.8M, consensus $652.51M. Scott Barbour, President and Chief Executive Officer of ADS commented, “In the fourth quarter, net sales increased 10% overall, driven by strong growth in Allied products as well as the contribution from the NDS acquisition, which we closed in the quarter. We continue to focus on material conversion, new product introductions, customer programs and acquisitions to drive growth in the challenging demand environment. Adjusted EBITDA also increased 6%, driven by favorable volume and price/cost.”