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Advanced Drainage Systems Inc - WMS STOCK NEWS

Welcome to our dedicated news page for Advanced Drainage Systems (Ticker: WMS), a resource for investors and traders seeking the latest updates and insights on Advanced Drainage Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Advanced Drainage Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Advanced Drainage Systems's position in the market.

News
Advanced Drainage Systems to Announce Fourth Quarter and Fiscal Year 2024 Results on May 16, 2024
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) will announce its unaudited financial results for the fiscal fourth quarter and year ended March 31, 2024, on May 16, 2024. President and CEO, Scott Barbour, and CFO, Scott Cottrill, will host a conference call and webcast to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
Tags
earnings
-
News
Advanced Drainage Systems Marks World Water Day by Highlighting Importance of Stormwater Management
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) emphasizes the need for effective stormwater management on World Water Day. The company highlights the increasing cost of stormwater-related disasters in the US and advocates for resilient communities through proper stormwater infrastructure. ADS President and CEO, Scott Barbour, stresses the importance of managing stormwater throughout its lifecycle. ADS released a video showcasing the impact of efficient stormwater solutions, reflecting their commitment to water management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
-
News
Advanced Drainage Systems Named by Newsweek as one of America’s Most Responsible Companies in 2024
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) has been named to Newsweek’s list of America’s Most Responsible Companies 2024 for the second consecutive year, highlighting its dedication to environmental, social, and corporate governance efforts. ADS President and CEO, Scott Barbour, expressed gratitude for the recognition, emphasizing the company's commitment to water management and environmental protection. The award, presented by Newsweek and Statista Inc., recognizes the top 600 responsible companies in the US across 14 industries, based on ESG criteria.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
none
News
Advanced Drainage Systems Announces Quarterly Cash Dividend
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) has announced a 17% increase in its quarterly cash dividend to $0.14 per share. The company's President and CEO, Scott Barbour, attributes this to the strength of their balance sheet and cash generation, indicating confidence in their financial performance and operational excellence. The dividend will be paid on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.4%
Tags
dividends
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News
Advanced Drainage Systems Announces Third Quarter Fiscal 2024 Results
Rhea-AI Summary
Advanced Drainage Systems, Inc. (WMS) announced financial results for the fiscal third quarter ended December 31, 2023. Net sales increased 1.1% to $662.4 million, net income increased 28.5% to $106.9 million, and adjusted EBITDA increased 20.3% to $204.2 million. However, year-to-date fiscal 2024 results showed a decrease in net sales by 9.5% to $2,220.6 million. The company's outlook for fiscal 2024 includes net sales in the range of $2.800 billion to $2.850 billion and adjusted EBITDA in the range of $880 to $910 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.4%
Tags
earnings
-
News
ADS Foundation Donates $1 Million to the University of Minnesota Duluth’s Advanced Materials Center
Rhea-AI Summary
Advanced Drainage Systems, Inc. (ADS) donates $1 million to the University of Minnesota Duluth’s Advanced Materials Center to support the education of future scientists and engineers and further research on the repurposing of plastic waste. The funding will provide scholarships and research funding for UMD’s graduate students in Applied Materials Science and Engineering, supporting the education of future scientists and engineers, and further research on the repurposing of plastic waste. The $1 million gift will span four years and annually deliver $65,000 in scholarships, $125,000 in research funding, as well as provide $60,000 into an endowment, which by the end of the lifecycle of the gift, will fund an additional $10,000 a year in scholarships, in perpetuity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
Tags
none
News
Infiltrator Launches New Advanced Treatment Solution and Expands Tank Offering
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) announced the launch of three new products by Infiltrator Water Technologies, including the ECOPOD-NX for advanced wastewater treatment, two new plastic tank sizes, and the expansion of tank offerings. The ECOPOD-NX achieves 80% Total Nitrogen reduction and can be installed in a single tank for wastewater flows of up to 500 gallons per day. The new tank sizes, IM-1250 and IM-300, offer increased installation flexibility and are manufactured using recycled plastic material.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
none
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News
Advanced Drainage Systems Announces Relationship with Rainwater Management Solutions
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) has announced a strategic collaboration with Rainwater Management Solutions to advance sustainable stormwater management solutions in the United States and Canada. The partnership aims to revolutionize stormwater management and water harvesting techniques by combining ADS' expertise in managing rainwater with RMS' innovative water harvesting solutions. This collaboration will enable the delivery of leading, end-to-end stormwater treatment system solutions for commercial and residential customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
-
News
Advanced Drainage Systems to Announce Third Quarter Fiscal Year 2024 Results on February 8, 2024
Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) announced the release of its unaudited financial results for the fiscal third quarter. The results will be discussed in a conference call and webcast hosted by the President and CEO, Scott Barbour, and CFO, Scott Cottrill. Interested parties can listen to the webcast or participate in the teleconference by registering online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
Tags
earnings
News
Advanced Drainage Systems Survey: Over Half of Americans Worried About How Their Stormwater is Managed
Rhea-AI Summary
Devastating Weather Events Cause Concern for Global Insurance Group (GIG) - Ticker Symbol: GIG
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.14%
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none
Stock WMS logo
Advanced Drainage Systems Inc

NYSE:WMS

WMS Rankings

#703 Ranked by Market Cap
#2616 Ranked by Stock Gains
#2035 Ranked by Dividends

WMS Stock Data

12.72B
69.44M
9.71%
86.73%
1.52%
Plastics Pipe and Pipe Fitting Manufacturing
Manufacturing
Link
US
Hilliard

About WMS

headquartered in hilliard ohio, advanced drainage systems, inc (ads) is the leading manufacturer of high performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions. our innovative products and superior drainage solutions are used across a broad range of end markets and applications, including residential, non-residential, agriculture and infrastructure applications. we have established a leading position in many of these end markets by leveraging our national sales and distribution platform, overall product breadth and scale, and our manufacturing excellence. founded in 1966, we operate a global network of 3,700 employees, 57 manufacturing plants and 33 distribution centers. in july 2014 we became a public company traded on the nyse®. to enable our continued growth, we are looking to add top talent to our dynamic organization.