HILLIARD, Ohio--(BUSINESS WIRE)--
Advanced Drainage Systems, Inc. (“ADS” or the “Company”) (NYSE:WMS), a
leading global manufacturer of water management products and solutions
for commercial, residential, infrastructure and agricultural
applications, today announced that the Company will hold its annual
meeting of stockholders on October 27, 2016 at The Athletic Club of
Columbus, 136 East Broad Street, Columbus, Ohio at 10:00 a.m. ET.
Stockholders of record as of the close of business on September 20, 2016
are entitled to notice of, and to vote at the annual meeting either in
person or by proxy. Information about the meeting and the various
matters on which stockholders will vote will be included in the
Company’s proxy materials and will be accessible through the Company’s
Investor Relations website, www.investors.ads-pipe.com.
About ADS
Advanced Drainage Systems (ADS) is the leading manufacturer of high
performance thermoplastic corrugated pipe, providing a comprehensive
suite of water management products and superior drainage solutions for
use in the construction and infrastructure marketplace. Its innovative
products are used across a broad range of end markets and applications,
including non-residential, residential, agriculture and infrastructure
applications. The Company has established a leading position in many of
these end markets by leveraging its national sales and distribution
platform, its overall product breadth and scale and its manufacturing
excellence. Founded in 1966, the Company operates a global network of 61
manufacturing plants and 31 distribution centers. To learn more about
the ADS, please visit the Company’s website at www.ads-pipe.com.
Forward Looking Statements
Certain statements in this press release may be deemed to be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Such statements include, but are not
limited to, statements regarding matters related to the Company’s annual
meeting of stockholders as well as statements regarding the Company’s
current business outlook for fiscal year 2017. These statements are not
historical facts but rather are based on the Company’s current
expectations, estimates and projections regarding the Company’s
business, operations and other factors relating thereto. Words such as
“may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,”
“potential,” “continue,” “expects,” “intends,” “plans,” “projects,”
“believes,” “estimates,” “confident” and similar expressions are used to
identify these forward-looking statements. Factors that could cause
actual results to differ from those reflected in forward-looking
statements relating to our operations and business include: fluctuations
in the price and availability of resins and other raw materials and our
ability to pass any increased costs of raw materials on to our customers
in a timely manner; volatility in general business and economic
conditions in the markets in which we operate, including, without
limitation, factors relating to availability of credit, interest rates,
fluctuations in capital and business and consumer confidence;
cyclicality and seasonality of the non-residential and residential
construction markets and infrastructure spending; the risks of
increasing competition in our existing and future markets, including
competition from both manufacturers of high performance thermoplastic
corrugated pipe and manufacturers of products using alternative
materials; our ability to continue to convert current demand for
concrete, steel and PVC pipe products into demand for our high
performance thermoplastic corrugated pipe and Allied Products; the
effect of weather or seasonality; the loss of any of our significant
customers; the risks of doing business internationally; the risks of
conducting a portion of our operations through joint ventures; our
ability to expand into new geographic or product markets; our ability to
achieve the acquisition component of our growth strategy; the risk
associated with manufacturing processes; our ability to manage our
assets; the risks associated with our product warranties; our ability to
manage our supply purchasing and customer credit policies; the risks
associated with our self-insured programs; our ability to control labor
costs and to attract, train and retain highly-qualified employees and
key personnel; our ability to protect our intellectual property rights;
changes in laws and regulations, including environmental laws and
regulations; our ability to project product mix; the risks associated
with our current levels of indebtedness; our ability to meet future
capital requirements and fund our liquidity needs; the risk that
additional information may arise that would require the Company to make
additional adjustments or revisions or to restate further the financial
statements and other financial data for certain prior periods and any
future periods, any further delay in the filing of any filings with the
SEC; the review of potential weaknesses or deficiencies in the Company’s
disclosure controls and procedures, and discovering further weaknesses
of which we are not currently aware or which have not been detected;
additional uncertainties related to accounting issues generally and
other risks and uncertainties described in the Company’s filings with
the Securities and Exchange Commission. New risks and uncertainties
emerge from time to time and it is not possible for the Company to
predict all risks and uncertainties that could have an impact on the
forward-looking statements contained in this press release. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information should
not be regarded as a representation by the Company or any other person
that the Company’s expectations, objectives or plans will be achieved in
the timeframe anticipated or at all. Investors are cautioned not to
place undue reliance on the Company’s forward-looking statements and the
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160915006578/en/
Advanced Drainage Systems, Inc.
Michael Higgins, 614-658-0050
Mike.Higgins@ads-pipe.com
Source: Advanced Drainage Systems, Inc.