Advanced Drainage Systems, Inc. (NYSE:WMS) Q4 2020 Earnings Conference Call - Final Transcript

May 21, 2020 • 10:00 am ET


Advanced Drainage Systems, Inc. (NYSE:WMS) Q4 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to ADS's Fourth Quarter Fiscal Year 2020 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the conference over to your first speaker today, Michael Higgins, Vice President of Corporate Strategy and Investor Relations. Thank you. Please go ahead, sir.

Michael Higgins

Thank you and good morning. With me today, I have Scott Barbour, our President and CEO; and Scott Cottrill, our CFO. I would also like to remind you that we will discuss forward-looking statements. Actual results may differ materially from those forward-looking statements because of various factors, including those discussed in our press release and the risk factors identified in our Form 10-K filed with the SEC. While we may update forward-looking statements in the future, we disclaim any obligation to do so. You should not place undue reliance on these forward-looking statements, all of which speak only as of today.

Lastly, the press release we issued earlier this morning is posted on the Investor Relations section of our website, a copy of the release has also been included in the 8-K submitted to the SEC. We will make a replay of this conference call available via webcast on the Company website.

With that, I'll turn the call over to Scott Barbour.

D. Scott Barbour

Thanks, Mike, and good morning everyone. Thank you for joining us on today's call. I hope you and your families are healthy and safe during these difficult circumstances. Both ADS and Infiltrator are essential businesses as part of the construction supply chain. So in that sense, we are very fortunate to have demand for our products and services. To be able to deliver to our customers, we must be able to provide a healthy and safe environment that our employees are able to work and want to come to work in.

The people in our factories and distribution points, the drivers and loading personnel and the transportation and logistics network, our customer service, financial and engineering personnel all have done an extraordinary job in adapting to the new health and safety protocols and changes in the location and processes they use to execute their responsibilities each day. So I connect the dots with our organization all the time in this way.

We're fortunate to have a stable demand environment right now. We are providing a safe and healthy work environment for our employees to execute their jobs. We must deliver products to our customer sites in a healthy, safe and on-time manner. And by doing these things well, we are navigating our way through this very unusual set of circumstances.

As Scott C and I will discuss in more detail, we've been able to execute pretty well and deliver good performance in a very strong fourth quarter in fiscal 2020. Despite the regional differences in state or provincial directives and pace, demand for our products has been relatively stable through April and May, allowing us to continue executing on our long-term strategic initiatives to drive sales,