Jeff Reeve

Jeff Reeve acknowledged the strong free cash flow generation and significant working capital lift, asking for details on its drivers and expectations for free cash flow in the next quarter.

Answer

Scott Cottrill, CFO of Advanced Drainage Systems, attributed the strong working capital performance to effective management across receivables, inventory, and accounts payable, leading to a reduced cash conversion cycle. He highlighted improved demand and S&OP processes, customer service investments, and efficient inventory management as key contributors.