Building And Protecting Capital Markets Reputation
Advanced Drainage Systems (ADS)
Advanced Drainage Systems (NYSE: WMS), a leading manufacturer of high performance thermoplastic corrugated pipe, retained FTI Consulting to provide ongoing strategic communications counsel following the company’s successful initial public offering and listing on the New York Stock Exchange (NYSE). FTI Consulting also advised the company on its IPO.
Our Role With ADS
FTI Consulting initially focused on developing the appropriate disclosures and processes around company announcements, executing a strategic and robust investor targeting program, and developing a best-in-class investor relations program that would drive better understanding of their business. FTI Consulting also provided ongoing counsel on earnings announcements, investor collateral, and other issues, including a financial restatement.
As Advanced Drainage Systems entered its year-end, the company and its auditors determined the need to delay the filing of its fiscal year 10-K. Leveraging expertise in listing advisory resources within the firm, FTI Consulting worked with the NYSE on this delinquency issue. As the need to work through a financial restatement and become current with filings developed, additional expertise within FTI Consulting in the area of accounting and SEC matters joined the effort.
Advanced Drainage Systems continues to be an FTI Consulting client.