Welcome to our dedicated page for Advanced Drain Sys Del news (Ticker: WMS), a resource for investors and traders seeking the latest updates and insights on Advanced Drain Sys Del stock.
Advanced Drainage Systems Inc (WMS) delivers innovative water management solutions through advanced thermoplastic technology and sustainable manufacturing practices. This news hub provides investors and industry professionals with essential updates about the company’s operational milestones, product developments, and market leadership in drainage infrastructure.
Access official press releases covering earnings reports, strategic partnerships, and technological advancements in stormwater management systems. Our curated collection includes updates on recycling initiatives, infrastructure project contracts, and agricultural drainage innovations that demonstrate WMS’s commitment to environmental stewardship.
Key updates feature developments in corrugated pipe applications, manufacturing capacity expansions, and sustainability achievements. Monitor regulatory compliance updates and international market entries that shape the company’s position in the $12B water management sector.
Bookmark this page for streamlined access to verified information from ADS’s investor relations team. Combine real-time alerts with historical context to track performance trends in residential construction demand and municipal infrastructure investments.
Advanced Drainage Systems (NYSE: WMS) has joined The Recycling Partnership and its Polypropylene Recycling Coalition to enhance its commitment to environmental stewardship. By recycling over 550 million pounds of plastic annually, ADS prevents 730 million pounds of greenhouse gas emissions and promotes a circular economy. The company converts recycled plastic into durable pipe products, significantly extending the lifecycle of materials. This partnership aims to improve recycling access and infrastructure for polypropylene, aligning with ADS's mission to positively impact communities and the environment.
Advanced Drainage Systems, Inc. (NYSE: WMS) announced a quarterly cash dividend of $0.11 per share, marking a 22% increase from the previous quarter. Additionally, the Board approved a $250 million increase in its stock repurchase program, raising the total authorization to $292 million. CEO Scott Barbour emphasized the company's strong financial position as the reason for these actions, citing robust cash generation and commitment to shareholder returns. The dividend will be paid on June 15, 2021, with record shareholders on June 1, 2021.
Advanced Drainage Systems reported strong financial results for Q4 and fiscal year 2021. Q4 net sales rose 19.7% to $443.8 million, with net income up 488.1% to $20.8 million. For the fiscal year, net sales increased 18.5% to $2.0 billion, and net income surged to $226.1 million from a loss of $191.8 million in the previous year. Adjusted EBITDA grew 56.7% to $567.0 million. The company’s strong performance is attributed to material conversion strategies and robust demand across various end markets.
Advanced Drainage Systems (NYSE: WMS) plans to release its unaudited financial results for Q4 and the fiscal year ending March 31, 2021, prior to market opening on May 20, 2021. CEO Scott Barbour and CFO Scott Cottrill will host a conference call at 10:00 a.m. ET that same day for discussion on the results. The company is recognized for its innovative solutions in stormwater and septic wastewater management across various sectors including commercial and agricultural.
Advanced Drainage Systems (WMS) announced the launch of the Inserta Tee OneFit, a versatile lateral service connection compatible with mainline pipes 10 inches and larger. This innovative product is designed to enhance installation efficiency, providing contractors with a cost-effective solution that reduces inventory needs for distributors. Supported by decades of successful use and approvals from engineers nationwide, the Inserta Tee OneFit addresses various applications including storm sewers and irrigation. The product is available through leading waterworks distributors.
Advanced Drainage Systems (NYSE: WMS) announced a quarterly cash dividend of $0.09 per share, reaffirming its commitment to returning capital to shareholders. The dividend will be payable on March 15, 2021, to shareholders of record as of March 1, 2021. CEO Scott Barbour expressed confidence in the Company's financial stability, allowing for both dividend payments and ongoing investments in business strategies. This is seen as a positive indicator of the Company’s health and its ability to generate shareholder value.
Advanced Drainage Systems, Inc. (NYSE: WMS) reported strong financial results for Q3 of FY 2021, with net sales up 23.6% to $486.1 million and net income soaring 128.4% to $54.0 million. Year-to-date results highlighted an 18.1% sales increase to $1.5 billion and a significant turnaround in net income, reaching $205.3 million compared to a loss of $195.3 million last year. Adjusted EBITDA rose 52.1% to $138.9 million in Q3 and 63.0% to $472.4 million year-to-date. The company anticipates net sales for FY 2021 to reach between $1.915 billion and $1.950 billion.
Advanced Drainage Systems (NYSE: WMS) will release its unaudited financial results for Q3 ending December 31, 2020, before the market opens on February 4, 2021. CEO Scott Barbour and CFO Scott Cottrill will host a conference call and webcast on the same day at 10:00 a.m. ET to discuss the results. The Company is a leading global manufacturer of stormwater and septic wastewater management products, operating around 60 manufacturing plants and 30 distribution centers worldwide.
Advanced Drainage Systems (WMS) announced the appointment of Brian King as the new Executive Vice President of Product Management and Marketing. His role involves leading a newly established team aimed at accelerating product development for pipe and allied products. With over two decades of marketing experience, including strategic roles at Owens Corning, King is expected to drive growth and enhance the company's marketing strategies. This move aligns with ADS's commitment to integrating sustainability into its operations and responding to market needs effectively.
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