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HP0-J54 - Advanced SAN Solutions - Dump Information

Vendor : HP
Exam Code : HP0-J54
Exam Name : Advanced SAN Solutions
Questions and Answers : 60 Q & A
Updated On : February 15, 2019
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HP0-J54 Advanced SAN Solutions

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HP0-J54 exam Dumps Source : Advanced SAN Solutions

Test Code : HP0-J54
Test Name : Advanced SAN Solutions
Vendor Name : HP
Q&A : 60 Real Questions

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HP Advanced SAN Solutions

superior Drainage systems Inc (WMS) Q3 2019 revenue convention call Transcript | killexams.com Real Questions and Pass4sure dumps

Logo of jester cap with thought bubble.

photo supply: The Motley idiot.

advanced Drainage techniques Inc  (NYSE:WMS)Q3 2019 earnings conference CallFeb. 07, 2019, 10:00 a.m. ET

Contents:
  • prepared Remarks
  • Questions and solutions
  • name individuals
  • organized Remarks:

    Operator

    first rate day. My name is Jack, and i could be your convention operator today. at this time, i want to welcome each person to the superior Drainage techniques Third Quarter Fiscal 2019 salary conference name. All lines have been placed on mute to stay away from any heritage noise. After the audio system' remarks, there can be a query-and-reply session. (Operator directions)

    thanks. Mike Higgins, vp of corporate method and Investor family members, you may additionally start your convention.

    Michael Higgins -- vice president of corporate method and Investor family members

    thanks everyone, and respectable morning. With me these days, I have Scott Barbour, our President and CEO; and Scott Cottrill, our CFO. i might also like to remind you that we'll focus on ahead-looking statements. exact consequences may additionally fluctuate materially from these forward-looking statements as a result of a lot of elements, including those discussed in our press unencumber and the chance elements identified in our form 10-ok filed with the SEC. while we may additionally update forward-looking statements sooner or later, we disclaim any duty to do so. remember to no longer area undue reliance on these ahead-looking statements, all of which talk only as of today.

    lastly, the click liberate we issued past this morning is posted on the Investor relations component of our web site. a duplicate of the unencumber has also been covered in an eight-ok submitted to the SEC. we will make a replay of this convention call obtainable via webcast on the enterprise site.

    With that, i could flip the call over to Scott Barbour.

    Donald Scott Barbour -- President and Chief government Officer

    Thanks, Mike, and good morning everyone. we're on target to meet our financial tips for the 12 months despite unseasonably moist climate circumstances throughout the U.S. and Canada in November and December, which shifted some income quantity out of our third quarter and into our fourth quarter. fortunately, we have been capable of get a great deal of that loss quantity again in January as pastime picked up once bad weather situations subsided. regardless of the wet weather, our core home building market revenue grew 6% within the third quarter and we saw double-digit increase at key products reminiscent of our HP pipe, StormTech retention, detention programs, Nyloplast seize basins and our pockets -- water nice product strains.

    Our development market boom become pushed via energy within the nonresidential and residential conclusion markets, demonstrating the success of our comprehensive answer strategy. Residential earnings were general up 12% this quarter, with new residential housing up a really potent 15% as we proceed to capitalize on the success of our material conversion method, even in the softer housing atmosphere, we are seeing nowadays. in addition, our retail revenue were up 8% within the quarter because of our powerful partnerships with our retail and country wide account shoppers.

    within the infrastructure market, our sales were down 9% this quarter. Our infrastructure revenue are more vectored to the Midwest and Northeast where we have greater public approvals, however sadly funding has not been as strong. besides the fact that children, there are areas where we are seeing very mighty boom. within the West, Colorado and Nevada infrastructure earnings have more than doubled and Utah is additionally doing neatly. North Carolina was additionally up vastly in the quarter as become Florida. In average development, income in key markets, Florida and Texas multiplied through double-digits. In Florida revenue increase changed into led via pipe in the building markets whereas growth in Texas become pushed by means of both pipe and Allied items income in the inner most construction markets.

    The agriculture market remained challenged this quarter, heavy precipitation and cooler normal temperatures impacted the fall selling season within the Midwest and Ontario and sales have been down once again this quarter. As we mentioned at our Investor Day in November, we're dedicated to serving this market and we trust there are avenues for increase. Internally, we are working to increase our communication and visibility into this phase while making organizational alterations and indispensable investments to support this company. we are additionally working on new products, some product improvements and in quest of out new valued clientele. we will continue to focus on execution as we work to stabilizing our revenue in this market and assist our market leading position.

    in case you movement to slip five, we charted the yr-over-year exchange in precipitation and regular temperature for October via December. We agree with the enhance in precipitation and reduce in usual temperatures impacted our sales in each the development and agriculture markets. As i mentioned, volume rebounded properly in January as pastime picks up when weather conditions more advantageous. according to our preliminary January profits consequences, internet revenue expanded $13 million compared to the prior 12 months and we estimate about $7 million to $10 million of that increase have been income that shifted into January on account of the climate.

    On the foreign facet of the business, the Canadian agriculture market which is based in Ontario, confronted the identical weather challenges as in the u.s.. however, the cost dislocation we had been up to now considered during this market has begun to stabilize. moreover, Canadian construction market sales have been up mid single digits within the quarter and we proceed to focus on increasing our presence because of the execution of our market share mannequin.

    finally, our Mexico enterprise become on plan and our Export business was up nicely this quarter. regardless of the decrease than expected revenue extent, our third quarter adjusted EBITDA margin became in accordance with our plan. As discussed prior to now, our prior yr fiscal third quarter adjusted EBITDA margin became a excessive watermark taking advantage of the pricing moves we took in September of 2017 to get forward of inflationary drive on the resin because of the hurricanes. We knew the year-over-yr margin would compress this quarter as we reached the anniversary of our prior yr price increase.

    additionally, we took action to align our fees with a lighter volume and hold our margin on target to our plan within the third quarter. average, we continue to consider first rate about the fitness of our core building end markets and have a transparent line of sight to execute on the guidance, we are reaffirming these days. in the fourth quarter, we are expecting to look a quantity benefit from the demand shifted into January and February. Margin growth might be driven with the aid of effectivity and manufacturing and transportation, while we also preserve price to offset fabric inflation.

    along with a lot of you, we're intently staring at the market for indications of a transformation admired. but as we sit down here today, client outlook in conclusion markets remain a whole lot the identical as they were when we spoke to you in November. Importantly, we're starting to see some inflationary can charge drive abatement in diesel, standard service and resin fees whereas different expenses similar to wage inflation and employee retention stay a headwind. We proceed to focus on driving above market boom, reducing cost and riding effectivity all through the business and executing on the basics to be certain we are providing on our commitments.

    With that, i will turn the call over to Scott Cottrill for a evaluation of the financials.

    Scott A. Cottrill -- government vp, Chief fiscal Officer and Secretary

    thank you, Scott. standard, domestic internet sales increased 1% this quarter pushed with the aid of the decline within the agricultural market sales as Scott certain. Our core domestic construction markets accelerated 6% led by using boom in each Pipe and Allied items. foreign net earnings reduced eleven% basically as a result of weak spot within the Canadian agricultural market as the Ontario fall selling season became impacted with the aid of heavy precipitation. Adjusted EBITDA reduced 14% to $forty eight.four million and our adjusted EBITDA margin decreased 230 basis elements to fifteen.2%.

    youngsters volume this quarter became now not as potent as at the beginning expected, we were able to make a portion of that returned through the expense increase that took impact November 1st to offset fabric and transportation cost inflation. Manufacturing and transportation prices have been $3 million damaging in comparison to the prior year, pushed via higher gas expenses and other inflationary can charge pressures, in addition to under-absorption of our mounted charges because of the lessen earnings extent we noticed in the quarter.

    moving to slip seven. Our cash movement from operating activities increased $9 million 12 months-over-12 months to $148 million and free cash movement extended by $13 million to $117 million. usual, our free cash circulation is in keeping with our expectations, which we anticipate may be in extra of $a hundred million for the whole year. additionally, we at the moment expect capital expenses to be between $forty million and $50 million for the total 12 months.

    On slide eight, we reaffirm our fiscal goals for fiscal 2019, according to order endeavor latest market traits. We proceed to anticipate web revenue to be within the latitude of $1,375 million to $1,425 million, representing 12 months-over-12 months increase of between 3% and seven%. we are additionally reaffirming our adjusted EBITDA assistance of $225 million to $240 million, representing boom of 7% to 14%. These stages signify an adjusted EBITDA margin of 16.4% to 16.8% while margin growth of 60 foundation features to a hundred groundwork facets.

    Our advice is in keeping with our year-to-date results, current order fees and backlog as neatly because the strong results we noticed in January. in the fourth quarter, we expect our salary to reveal a benefit from extent increase in each Pipe and Allied products as smartly as the extent that shifted into January. We expect our margin to benefit from reduce manufacturing prices due to our operational effectivity initiatives as well as increased utilization of our transportation property.

    On slide 9, we provide our market outlook, which has no significant changes seeing that we remaining spoke to you in November. We predict domestic building markets to grow at low to mid single digits in fiscal 2019 supported with the aid of suit demand within the nonresidential and residential end markets. The agriculture market in fiscal 2019 remains a problem. but as Scott mentioned, we're taking actions to stabilize this market and more suitable position ourselves to grow long run. Getting this correct is a high precedence for the management group going ahead. We also expect mid single-digit boom internationally, supported by using the power of our Canadian development markets, our Mexican operations and our Exports enterprise.

    In summary, we remain assured in our outlook for the balance of the yr and appear forward to building on our mighty year-to-date performance.

    With that, we are going to be chuffed to take questions. Operator, please open the line.

    Questions and answers:

    Operator

    certainly. (Operator guidelines) Your first query comes from the line of Mike Halloran with Baird. Your line is open.

    Mike Halloran -- Robert W. Baird -- Analyst

    hello, good morning, every person.

    Donald Scott Barbour -- President and Chief govt Officer

    hello, Mike.

    Scott A. Cottrill -- executive vice chairman, Chief economic Officer and Secretary

    respectable morning.

    Mike Halloran -- Robert W. Baird -- Analyst

    So, just a couple of bridging questions right here. First question, it appears like $7 million to $10 million is what your gold standard wager is for lost revenue it really is shifted within the quarter, just wanted to verify that. And also on that facet, probably talk a bit bit in regards to the margin progression, obviously, you say according to your expectations, we study probably the most manufacturing transportation, et cetera category headwinds. might be you might simply frame that up in terms of sequentials or the place that pressures are? And why you're so comfortable with that margin latitude as we seem to be ahead?

    Scott A. Cottrill -- govt vp, Chief financial Officer and Secretary

    So i may take the latter question first. once more, we have line of sight to our inventory here for the next three to four months. so as we appear ahead to that margin progression and what we saw in the third quarter, largely in line and once more i could speak our pricing versus material can charge first and as we appear forward there now we have maintained on a 12 months-over-year basis, sort of that excessive level of pricing that we noticed -- that we entered into in Q3 and q4 of closing year. What we've considered is compression on the resin charge facet of the condominium on a 12 months-to-date and within the quarter. So an illustration of that would be polypropylene has been up 30% 12 months-to-date.

    in order we study that, although, and we examine this fall, we're starting to hit that inflection point the place some of these inflationary can charge pressures, as Scott observed in our organized remarks are beginning to go the opposite direction. We see polyethylene has all started to come back down, polypropylene which is via far the extra unstable, is beginning to come down as smartly. if you want to take a little bit of time to run via and hit our revenue statement, as we sell -- and promote that inventory. however we've got obtained line of sight to that. So we do not see -- we see that flat in case you will as we go into this fall.

    The manufacturing and transportation pressures we noticed in Q3 as neatly yr-to-date. Diesel is another a type of now that on a -- as of right now is reduce than the place we had viewed it final 12 months. so that year-to-date is a $four million to $5 million headwind that the corporations needed to take care of, that as we appear to this fall, we won't ought to contend with. As we seem to be on the quantity that we're projecting and is in our forecast, the utilization of our transportation belongings, the absorption of the fastened-cost ambiance that we are going to get is a further a kind of decent guys that we have acquired layered in and then now we have obtained line of sight to.

    So, as you look at that sort of cost resident atmosphere very essential to remember that dynamic and we have line of sight to that. if you happen to analyze our transportation costs that we have viewed 12 months-to-date, decent line of sight to that on the diesel side of the condominium and on the utilization side. And on the manufacturing conversion cost or manufacturing fees, once more, good line of sight to what we've considered there over the closing two to three months and we task that to be favorable due to the efficiencies that we've got gotten this year and some of the initiatives that we've got taken and we now have talked to.

    Mike Halloran -- Robert W. Baird -- Analyst

    so that makes lot of feel. So, truly you might be highlighting loads of it is only comes all the way down to quantity and timing?

    Donald Scott Barbour -- President and Chief govt Officer

    yes. So, I consider as we look on the fourth quarter, and Mike, you are form of thinking of kind of sequential profitability performance. for instance, the manufacturing and the transportation, the fee stuff, we sort of have in inventory and we see it coming. So for this reason, the other large driver as we appear is the extent. And we had an excellent January. we have decent line of sight on February and March and the volume is there absent any kind of calamity, weather calamity or whatever like that. So that's why we feel good concerning the fourth quarter as a result of virtually we've got a few of it, the controllable neatly form of in-hand the volume piece, which we think we bought a deal with on, we think like is there. we are additionally watching our expenses. We're making an attempt to plan stuff so we get to enjoying on the ground this quarter and meet the assistance.

    Mike Halloran -- Robert W. Baird -- Analyst

    That makes sense. after which might be just some thoughts on the non-virgin pricing environment as neatly. obviously, have a bit extra extra give given the changes in China. might be some techniques on how the non-virgin is tracked relative to the historical spread you see with virgin?

    Donald Scott Barbour -- President and Chief govt Officer

    So i'd say that virgin versus non-virgin spreads may have gone favorable, a bit wider by means of a $0.01 or $0.02, however it hasn't been some huge circulation. a lot of what was been despatched to China was the PET or what -- cardboard and paper and all that stuff, it's the larger excellent stuff, whereas it has been a little plagued by the software in China is -- no longer had a dramatic, dramatic flow. Is that make experience?

    Mike Halloran -- Robert W. Baird -- Analyst

    No, it does, it does fully. Thanks for the time guys. recognize it.

    Donald Scott Barbour -- President and Chief government Officer

    Yeah, thanks, Mike.

    Scott A. Cottrill -- government vp, Chief financial Officer and Secretary

    Yeah, first rate. thanks.

    Operator

    Your next query comes from the road of Scott Schrier with Citi. Your line is open.

    Scott Schrier -- Citi -- Analyst

    hello, first rate morning.

    Donald Scott Barbour -- President and Chief executive Officer

    respectable morning.

    Scott Schrier -- Citi -- Analyst

    and that i respect the entire colour you may have given within the prior answer with the road of sight. and that i simply desired to drill down on a few things. and how much regular winter climate may be baked into the low conclusion of the book? which means like if there is simply usual climate, can we still come in on the reduce end of the guide? I imply, or not it's relatively wide selection and conversely, what would must happen incremental to a few of these superb trends you may have been seeing to are available toward that higher end of that information latitude?

    Donald Scott Barbour -- President and Chief govt Officer

    So, it really is an excellent query. and that i'd say they come in on the lessen conclusion. And we are going to just take January. We doubtless remember above all January the polar vortex of the last week or closing days of January, but the first three and a half weeks of January had been very temperate and above general temperatures and below ordinary precipitation. The final three or four days of the month had been crappy. If we had a heat weather just like the first three weeks of January, I think we will be in the center of the tips from a profits standpoint or towards the -- if we now have a different polar vortex that ultimate the whole month of February, then we will be at the very lower conclusion of that. and that's the reason why we're also taking charge containment movements in addition -- in case the extent doesn't come to satisfy the quarter.

    So, if you believe about, we bought two issues we're working. We're working, the plan, the volume comes through, this is in reality the important thing piece of hitting the plan for the year, for the quarter. and then we have now acquired some cost stuff that we're managing in case that doesn't come via that we're -- we may -- the place we will mitigate. And by the way, it is what we did in November and December when we noticed the extent falling off and that's the reason what allowed us to hold our margin percent to our plan in the third quarter.

    Scott Schrier -- Citi -- Analyst

    got it. Thanks. For my comply with-up, are there any updates that you just may give from your Investor Day with respect to the inroads in Texas in fabric conversion?

    Donald Scott Barbour -- President and Chief govt Officer

    So, it's a fine question. i was in Texas remaining week, early ultimate week we were in Texas for a very good evaluation. We're making in reality respectable progress on the deepest side. And our crew there is truly fairly focused. and that is obviously a material conversion. and i outlined within the remarks that Allied items income certainly the water excellent revenue in that Austin, San Antonio, Edwards Aquifer enviornment going very mighty. Our crew down there's doing a nice job.

    On the public side, we now have a great deal -- I suggest, that was likely nearly all of the dialogue whereas we have been there. we've the DOT Districts and jobs identified, we're entering into the queue on these, it truly is how you start this approvals manner of our market share mannequin. we have some very dedicated resources there. We're probably going to be placing more materials towards that as we move forward. So, in Texas we like our progress. and that's a adventure, but we're very joyful with how that is going. And the advocacy work that we're doing in Texas, we met with them whereas we were down there too and -- but (ph) we simply could not be stronger placed relative to having the correct advocate for us to profit market share within the public space in Texas.

    Scott Schrier -- Citi -- Analyst

    wonderful. Thanks for that. I admire it. decent success.

    Operator

    Your next query comes from the road of Matthew Bouley with Barclays. Your line is open.

    Matthew Bouley -- Barclays -- Analyst

    hi, thanks for taking my questions. i wished to ask returned on the margin side, because you've acquired the contemporary price enhance available and obviously you've got also seen the softening on the resin facet. So, may you discuss how you would predict pricing to tune going ahead? Does the November rate raise type of stick as is, or would there be any assumption round if or when pricing would come again down? thank you.

    Scott A. Cottrill -- executive vice chairman, Chief financial Officer and Secretary

    Yeah. So, again I -- we do not expect pricing to come down. On a yr-over-yr basis, our pricing or yield became up in the quarter three% 12 months-over-yr but resin costs were up eight%. And again, that changed into polyethylene up and polypropylene up 30%, so some big movers there. In this fall, the identical element is -- we expect our resin prices to be up sort of in that low to mid single-digit range. however we predict our yield to be up as well on a yr-over-year foundation. so as we have talked to you in the past as we go through and as these inflationary can charge pressures abate and we go to next yr, and we beginning to look expectantly type of that resin costs go down. we'll hold on to most of that like we've done in outdated durations of time. in order that stands out as the plan as we delivery constructing on our fiscal 12 months '20 outlook.

    Matthew Bouley -- Barclays -- Analyst

    k. recognize that detail. after which secondly on the raise in sales in January. You mentioned a component that undoubtedly became the weather push out, but you also spoke to form of match order fees. So I bet what additional colour are you able to placed on that mainly, which conclusion markets, are you seeing better order charges? And after we suppose about type of the size of your backlog, should still we also feel of that as a positive remark as we consider form of concerning the first half of fiscal '20? thank you.

    Donald Scott Barbour -- President and Chief government Officer

    So we're going to kind of smash that down into two items. and that i could talk about one and Mike or Scott, I suppose communicate about the other. but we now have a beautiful respectable -- fairly good programs with country wide accounts and the sellers, domestic Depot, Lowe's, Ace Hardware, SiteOne, all these type of guys. And their order quotes had been quite first rate. And we're -- definitely have a spotlight application around what we call our countrywide account start for this spring in arising. and people orders are little forward of tempo in our plan. So we're working tough to make sure that we all have all of the execution property, mainly transportation drivers in the right areas at the correct time. here is a part of our initiative to be a stronger transportation logistics enterprise.

    The stock ensue to pipe there, i am pretty first rate at, it's this other piece we deserve to enrich. so that when we feel about orders in recently type of January, we believe about that and or not it's been pretty first rate. The other piece is, let's name it our usual nonresidential and residential construction recreation has been fairly good. And we saw some definitely exceptional advantages from that in our focused states like, Florida, North Carolina, Texas all those had in fact kind of saved on the identical class of pace and vigor that we noticed all over final year. anything else, you could possibly add to that Mike or Scott.

    Scott A. Cottrill -- government vice president, Chief monetary Officer and Secretary

    i might simply add on the line of sight piece from the order backlog, it could actually -- it's any place from 30 days to 60 days. And it's an outstanding indication of bellwether, in the event you appear 12 months-over-yr the place that backlog is, that order price seeing it more often than not coming in on those product traces and assist the construction end markets. again, is yet another a type of areas that it helps build the credibility in our this autumn forecast.

    Michael Higgins -- vice president of corporate strategy and Investor members of the family

    Yeah, Matt, I think the only element I -- this is Mike Higgins. The simplest element i'd add is kind of what we noticed on order recreation and income pastime in January mirrors variety of what we now have considered all 12 months very strong residential income year-over-year and continuation of sturdy nonresidential as smartly within the residential that means new subdivision, new multifamily classification development.

    Donald Scott Barbour -- President and Chief govt Officer

    And we're very an awful lot on the front end of those type of cycles, when they're doing the land development and all that sort of stuff. The agriculture within the first three weeks of January, 4 weeks of January become very effective. as a result of what our guys have been telling us from the box is that there is figure there, we just want type of breaks in the climate, the precipitation for people to get out and do the work. And the weather was favorable after which we noticed a pop, and the polar vortex hit, it went away, it be been raining like hell right here in the Midwest for the closing a couple of days and fairly wet. but I expect things are going to dry as we are able to name this weekend. I suppose next week may come lower back a bit. It in reality is that delicate each day to day.

    Matthew Bouley -- Barclays -- Analyst

    All right. I recognize all that color. Thanks a great deal and congrats on the quarter.

    Donald Scott Barbour -- President and Chief govt Officer

    Thanks.

    Operator

    (Operator guidance) Your subsequent query comes from Ryan Connors with Boenning & Scattergood. Your line is open.

    Ryan Connors -- Boenning & Scattergood -- Analyst

    terrific. Thanks for taking the query and that i recognize all of the color on the conclusion markets and the increase, it is been very effective. My question was greater of a housekeeping class query on reporting. and i wager my query is why the center of attention on adjusted EBITDA this a ways after the IPO, I suggest, I consider we understood the time of the IPO, there have been some pleasing dynamics where that turned into the right metric. Is web profitability on an EPS foundation isn't anything the business is focused on? I imply, we've got sort of been caught in this $1 give or take range for a while, it really is basically our fundamental metric. And when will we transition to guiding and greater speaking about web profitability?

    Scott A. Cottrill -- executive vice chairman, Chief fiscal Officer and Secretary

    hiya, Ryan. or not it's Scott Cottrill right here. we are able to at all times evaluate kind of our metrics, if you will, and then how we existing and confer with such. at this time within our space and our peer neighborhood, the EBITDA, Adjusted EBITDA is one of those key measures of profitability and it's the free money flow and clearly topline growth. however's whatever that we will at all times examine and confer with as we circulate forward. So i might say at this time as we examine -- obviously, we went throughout the restatement shortly after going via our IPO. now we have had some restructuring expenses last year. For us, or not it's sort of been a fine measure of profitability taking one of the crucial noise out of the numbers to focal point on the core operating results.

    once more, as we seem ahead, we've got lots of things in flight that we are working on. So once more, we are going to proceed to examine that. I consider after we go through our displays, we don't shy far from the GAAP metrics, they're definitely in all of our 10-Qs, 10-Ks and salary releases and we'll discuss with these. however adjusted EBITDA at this time is the metric that gets probably the most center of attention with our sell-facet and our investor neighborhood, and here's the one which we check with at this point in time.

    Ryan Connors -- Boenning & Scattergood -- Analyst

    got it. that is decent. it is constructive. My other one, simply i'm wondering in case you could drill down and that i could have ignored it and that i make an apology, but can you discuss with about which particular Allied items are getting you probably the most traction? i know that product line has develop into moderately distinctive now and smartly developed. What specific areas are you seeing the premiere increase?

    Donald Scott Barbour -- President and Chief executive Officer

    Do you desire me do it otherwise you want to get that?

    Michael Higgins -- vp of company approach and Investor relations

    hello, Ryan, here is Mike Higgins. i would say there is three key ones in that portfolio which have the most traction and we're seeing form of the premier boom use and conversion with our StormTech -- StormTech, storm water chambers which are utilized in lieu of ponds and different products for retention, detention, for storage. Our Nyloplast PVC drain basins buildings, which compete in opposition t precast buildings for the catch of the water off in a impervious floor. and then three -- the one that we feel in fact decent about relocating forward that we've had respectable success with this yr, getting a lot more acceptance within the marketplace is our water fine gadgets that are below form of our BayFilter, BaySaver and Barracuda manufacturer names -- filters and separators to eliminate toxins, sediments, oils et cetera from storm water runoff.

    Ryan Connors -- Boenning & Scattergood -- Analyst

    bought it. after which one last point one from my end is, are these -- you will have talked a whole lot about weather, are those Allied items anymore or much less sensitive to climate than the core pipe enterprise or is all of it fairly a lot the equal when it comes to the affect there?

    Michael Higgins -- vice chairman of company method and Investor family members

    same. they're all going into the equal construction web page. So when you are not able to work to position pipe in and it be very seemingly that you simply're not in a position to work to put the different products in as smartly.

    Ryan Connors -- Boenning & Scattergood -- Analyst

    acquired it, adequate. Thanks on your time.

    Donald Scott Barbour -- President and Chief govt Officer

    Thanks, Ryan.

    Operator

    Your subsequent question comes from the road of Nishu Sood with Deutsche bank.

    Tim Daley -- Deutsche bank -- Analyst

    hello. this is truly Tim Daley on for Nishu. So my first question is you guys referred to that January become such (ph) powerful boom on a year-over-year foundation, I think up 15%. What was that split between Allied and Pipe? and then as well, what become the increase expense in Jan '18 that we're comping-off of?

    Scott A. Cottrill -- government vice chairman, Chief monetary Officer and Secretary

    Yeah, I mean the January power become kind of frequent, you saw probably the most soar returned. So, Pipe became very in shape, but Allied become as well a double digits.

    Tim Daley -- Deutsche bank -- Analyst

    got it. after which as neatly, do you -- may you provide the February and March year-over-year increase costs of ultimate year that we're looking at?

    Donald Scott Barbour -- President and Chief govt Officer

    No, we're not (distinctive speakers) provide that out, Tim.

    Tim Daley -- Deutsche bank -- Analyst

    All appropriate. Understood. and then, I wager, considering concerning the conclusion market boom, surely, you mentioned that issues are form of the equal as they were on the Investor Day, the place we bought amazing details. however because that builders have form of come around to the indisputable fact that there has been a slowdown, and in the profits calls over the closing couple of weeks, some of them even mentioned pulling returned on their plans, land acquisition and building spends. surely, you haven't truly seen it display up yet within the present e-book of business, but in your conversations with builders, have you ever been hearing any of them possibly type of pulling lower back just a little on their future development or reassessing one of the tasks in their pipeline?

    Donald Scott Barbour -- President and Chief government Officer

    I think they're truly reassessing however from those that we're closest to, they don't seem to be talking about big pullbacks. I think they are doubtless very delicate to constructing in the correct geographies and locales. So it truly is what we hear in particular returned from them. And for us, here is critical and what I name that crescent from DC down to Florida the entire method across the South, East Texas, the Southwest and as much as California. I imply, it really is where most of that's happening.

    There are some pockets in Colorado, right here the place we reside in Columbus is relatively hard from a building standpoint, however we should be profitable in that -- those crescent states there to be capable of develop during this -- that specific phase. And we study all these issues too, we're staring at that very carefully, but we're ok with how we're doing in that section presently, and consider it's going to be positive -- definitely fantastic going forward.

    Tim Daley -- Deutsche financial institution -- Analyst

    I recognize that particulars. Very useful. So continuing on the conclusion markets, so you did point out that non-res, you've got been seeing loads of power in it. sort of just thinking about subsequent yr, do you predict this electricity to continue after which as neatly and what types of, I guess, sorts of work are you seeing stronger demand to your items and perhaps what forms of projects are you seeing much less so?

    Donald Scott Barbour -- President and Chief govt Officer

    So it's a -- I suggest, this is a extremely decent question. And when -- we're having revenue meetings and planning (ph) conferences at the moment. So, Scott and Mike and that i are spending quite slightly of time with our revenue -- our container sales drive and our administration. And what they focus on relative to nonresidential in certain is greater of the identical, form of that identical pace of initiatives and jobs and growth, very few of them are whining about lack of tasks to work on, lack of issues to do at the moment.

    Scott A. Cottrill -- govt vp, Chief financial Officer and Secretary

    i might say, or not it's hammering that market share model, correct, via state, by area, by means of community and the place we will prioritize, where we're going to deserve to make the investments to aid speed up that boom. it's in fact taking that market share mannequin and accelerating and prioritizing and so.

    Donald Scott Barbour -- President and Chief executive Officer

    So, from a margin standpoint, as we seem to be into next year around the nonresidential, we believe like it be going to look comparable to this 12 months. The one which we're basically sort of focused on stabilizing and spending extra time on at the moment is the agriculture, where there's naturally some areas the place we can develop in a few product lines that we should be more aggressive in the market. So we're spending rather a bit of time with that group, made some organizational alterations and already see some advantages of that.

    Tim Daley -- Deutsche bank -- Analyst

    amazing. recognize it. Thanks.

    Operator

    (Operator instructions)

    Donald Scott Barbour -- President and Chief govt Officer

    All correct. I feel we will wrap up. We recognize everyone's questions and participation today. And thanks for becoming a member of us. We outlined it a number of instances, but we believe like we've a very clear line of sight on how we'll achieve this year's ambitions. We reaffirmed our assistance stages today, reflecting the self belief we have in our market position and our ability to force above market increase. We are expecting the demand within the building markets to continue at a gradual tempo for the the rest of fiscal 2019 with advertisements outpacing those markets via our conversion approach. we can continue to focal point on the fundamentals, force advancements in profitability through operational excellence and execution. We once more respect it. We appear ahead to catching up with a number of of you on the cellphone later. And that concludes our name operator.

    Operator

    This concludes the advanced Drainage programs third quarter fiscal 2019 revenue convention call. We thank you in your participation. You may also now disconnect.

    period: 37 minutes

    call contributors:

    Michael Higgins -- vp of corporate approach and Investor relations

    Donald Scott Barbour -- President and Chief government Officer

    Scott A. Cottrill -- government vp, Chief financial Officer and Secretary

    Mike Halloran -- Robert W. Baird -- Analyst

    Scott Schrier -- Citi -- Analyst

    Matthew Bouley -- Barclays -- Analyst

    Ryan Connors -- Boenning & Scattergood -- Analyst

    Tim Daley -- Deutsche bank -- Analyst

    greater WMS analysis

    Transcript powered through AlphaStreet

    this article is a transcript of this convention name produced for The Motley fool. while we attempt for our foolish greatest, there may be blunders, omissions, or inaccuracies during this transcript. as with every our articles, The Motley idiot does not count on any accountability in your use of this content, and we strongly motivate you to do your personal analysis, including listening to the name your self and analyzing the business's SEC filings. Please see our terms and stipulations for further details, including our necessary Capitalized Disclaimers of liability.

    Motley idiot Transcribers has no position in any of the stocks outlined. The Motley idiot has no position in any of the shares mentioned. The Motley idiot has a disclosure coverage.


    advanced Drainage methods (WMS) CEO Scott Barbour on Q3 2019 results - profits call Transcript | killexams.com Real Questions and Pass4sure dumps

    No effect found, are trying new key phrase!superior Drainage programs (NYSE ... the third quarter and we noticed double-digit boom at key items such as our HP pipe, StormTech retention, detention programs, Nyloplast seize basins and our ...

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    3D Sensing

    "Across-the-board 3D sensing technology is becoming more pervasive in end-user applications from gaming to current-day automotive, 3D scanning, and facial recognition for mobile devices," said, vice president, product line management, 3D sensing, Dr. Andre Wong.

    Lumentum supports the next wave of 3D sensing applications with an expansive portfolio of historically reliable and high-performing VCSELs and diode laser solutions. "Lumentum is at the forefront, meeting market demands with consistency, the ability to scale with more than 300 million laser diode chips operating, and reliability verified by a field failure rate of less than one part per million," said Wong.

    Again this year, Lumentum will showcase several 3D sensing demos and provide information on consumer applications incorporating solutions from co-development partners. Lumentum continues to be engaged at the forefront of the market and is driving an ecosystem of advanced solutions.

    Orbbec has developed Astra, a powerful and exceptionally compact series of standalone 3D sensing cameras that employs VCSELs from a partnership with Lumentum, optimized for a variety of uses including 3D scanning, face recognition, and interactive systems.  

    At last year's conference, Occipital and Lumentum partnered to showcase the Structure Sensor, a mobile 3D sensor used on tablets and mobile devices for 3D scanning and mapping. Occipital's newest product, Structure Core, is a next-gen 3D sensor that incorporates a Lumentum diode laser as part of a sensor package that enables self-contained spatial perception. Structure Core's compact design makes it ideal for augmented reality, 3D mapping, robotics and other applications where high-performance depth matters.

    Lumentum Pump Lasers

    Customers globally use Lumentum fiber-coupled pump lasers in demanding industrial applications including materials processing and fiber laser pumping.

    The Lumentum 200 W fiber-coupled diode pump laser—the ST2™—is now in high-volume production and deployed at customers globally. The ST2 is a high brightness pump that delivers system endurance and power stability under harsh manufacturing settings critical for high-end applications. In addition to the ST2, Lumentum has a full portfolio of advanced fiber-coupled devices leveraging the L4 platform. Lumentum pump lasers have a long history of high reliability in the field and consistent performance.

    CORELIGHT™– Next Generation Kilowatt-Class Fiber Laser

    The latest generation CORELIGHT YLE Series fiber laser engines will be on display. Offered in single-module 2 kW, 3 kW and 4 kW engines and multi-module 6 kW and 9 kW engines, these cost-effective and highly-configurable fiber lasers are deployed globally supporting customers in diverse and challenging cutting, welding, and material deposition applications. Customers now have additional output power configurations available to enable and differentiate their latest machine tool offerings. CORELIGHT's exceptional beam characteristics enable high-quality and high-speed cutting performance of mild steel, stainless steel, aluminum, copper, brass, and many other materials. CORELIGHT products meet high-reliability standards critical for the most demanding industrial environments.

    About Lumentum  

    Lumentum (LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide.  Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network.  Lumentum's lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities.  Lumentum is headquartered in Milpitas, California with R&D, manufacturing, and sales offices worldwide.  For more information, visit www.lumentum.com.

    Story continues


    Pixelworks Partners with HMD Global to Deliver Advanced Visual Processing Solutions on Nokia Smartphones | killexams.com real questions and Pass4sure dumps

    SAN JOSE, Calif. and LONDON, Jan 30, 2019 (GLOBE NEWSWIRE via COMTEX) -- SAN JOSE, Calif. and LONDON, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Pixelworks, Inc. PXLW, -17.49% a leading provider of power-efficient visual processing solutions, and HMD Global, the home of Nokia phones, today announced a partnership to bring high-quality display and video performance to future Nokia smartphones. Building on the success of the PureDisplay featured on the Nokia 7.1, the collaboration will enhance the viewing experience on next generation Nokia smartphones with advanced display processing technologies from Pixelworks.

    The Nokia 7.1 helped redefine the mid-range smartphone market, thanks to the successful introduction of HMD Global's PureDisplay, powered by Pixelworks visual processor. It was the first smartphone to combine Pixelworks' 4 [th] generation Iris processor and the Qualcomm Snapdragon 636 platform, delivering unparalleled visual performance on an LCD display.

    HMD Global's Chief Product Officer, Juho Sarvikas said, "As mobile becomes the go-to destination for content viewing, consumers worldwide seek a premium display and video performance. We've been delighted by the response to Nokia 7.1 from our fans. The PureDisplay with Pixelworks technology was a significant part of our promise. Superior HDR tone mapping enables cinematic viewing experience when viewing HDR 10 videos or pictures, real-time SDR to HDR conversion technology for an Always HDR experience and local contrast and sharpness enhancement for better viewing experience in all lighting conditions elevates the viewing experience on the Nokia 7.1. We are pleased to continue working with Pixelworks and look forward to bringing this experience to future Nokia smartphones."

    Anthony Gioeli, Executive Vice President and General Manager, Video Devices at Pixelworks, added, "Around the globe, more people are watching video on their smartphones, requiring OEMs to improve the visual experience for consumers across all product tiers. HMD Global is significantly advancing the mobile industry by differentiating its PureDisplay solution with our video processing innovations. The Nokia 7.1 with Pixelworks' enhancements has set a new bar for visual quality in mid-tier smartphones. As imaging and mobile video consumption continue to reach new heights, together HMD Global and Pixelworks are making a premium visual experience more accessible to the masses."

    About HMD Global

    Headquartered in Espoo, Finland, HMD Global Oy is the home of Nokia phones. HMD designs and markets a range of smartphones and feature phones targeted at a range of consumers and price points. With a commitment to innovation and quality, HMD is the proud exclusive licensee of the Nokia brand for phones and tablets. For further information, see www.hmdglobal.com.

    About Pixelworks

    Pixelworks creates, develops and markets high-efficiency visual display processing and advanced video delivery solutions for the highest quality display and streaming applications. The Company has a 20-year history of delivering image processing innovation to providers of leading-edge consumer electronics and professional displays, as well as video delivery and streaming solutions. Pixelworks is headquartered in San Jose, CA. For more information, please visit the company's web site at www.pixelworks.com.

    Note: Pixelworks and the Pixelworks logo are registered trademarks of Pixelworks, Inc. All other trademarks are the property of their respective owners.

    Investor Contact:Shelton GroupBrett L PerryP: 214-272-0070E: bperry@sheltongroup.com

    Company Contact:Pixelworks, Inc.E: info@pixelworks.com

    (C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.


    Farrow & Shipware Announce Partnership to Enhance Cross-Border Solutions | killexams.com real questions and Pass4sure dumps

    No result found, try new keyword!SAN DIEGO, Feb. 8, 2019 /PRNewswire-PRWeb/ -- Farrow ... the leader in parcel and LTL spend management solutions. From customs consulting to international freight forwarding, this partnership will pro...


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