Advanced Drainage Systems Provides Outlook for Fiscal Year 2016

Joe Chlapaty, Chairman and Chief Executive Officer of ADS commented, “We experienced strong momentum in our sales trends throughout fiscal year 2016, driven primarily by healthy conversion and favorable weather conditions in the majority of our end markets. Overall, we expect to generate net sales growth between 8.5% – 9.1% in fiscal year 2016, including strong double-digit growth that occurred during the second half of the year.