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News about Advanced Drainage Systems, Inc. (NYSE: WMS) centers on its role as a manufacturer of stormwater and onsite wastewater management products and solutions. Company press releases describe Advanced Drainage Systems as a provider of water management solutions for commercial, residential, infrastructure and agricultural applications, with a focus on stormwater and onsite septic wastewater.
Investors following WMS news will see regular updates on financial results, including quarterly earnings for its fiscal year. The company issues press releases and related Form 8-K filings when it reports unaudited results for periods such as the fiscal first and second quarters, along with commentary on net sales, net income, Adjusted EBITDA and performance by business area, including pipe, Infiltrator, Allied products and international operations.
News coverage also includes capital allocation announcements such as quarterly cash dividends approved by the Board of Directors. These releases describe the dividend amount per share, record dates and payment dates, and often reference the company’s balance sheet, cash generation and approach to returning capital to shareholders while investing in the business.
Another key category of news involves strategic transactions and acquisitions. For example, Advanced Drainage Systems has announced a definitive stock purchase agreement to acquire the water management business of Norma Group SE known as National Diversified Sales (NDS), subject to regulatory approvals and closing conditions. Earnings releases also mention acquisitions such as Orenco Systems, Inc. and River Valley Pipe as contributors to growth in Infiltrator and Allied products.
Beyond financial and transaction updates, news items may highlight foundation and conservation initiatives. The ADS Foundation, funded primarily by Advanced Drainage Systems, issues announcements about collaborations and donations related to water, recycling, education, mental health and housing, including partnerships with organizations such as The Nature Conservancy’s Brightstorm program and regional community foundations.
For readers tracking WMS, this news stream provides insight into the company’s operating performance, dividend decisions, acquisition activity and its involvement in water-related community and conservation efforts.
Advanced Drainage Systems, Inc. (WMS) has signed the America Recycles Pledge, demonstrating a commitment to enhancing the national recycling rate to 50% by 2030, in collaboration with the USEPA. The company recycles over half a billion pounds of plastic annually, avoiding 730 million pounds of greenhouse gas emissions. By converting curbside recycling into durable pipe products, ADS aims to support the circular economy and reduce waste. This initiative aligns with ADS's role as a significant player in the U.S. recycling market, which is crucial for environmental protection.
Advanced Drainage Systems (NYSE: WMS) announced participation in the Morgan Stanley 6th Annual Sustainable Futures Conference on June 10, 2021. CEO Scott Barbour and CFO Scott Cottrill will engage in a virtual fireside chat at 9:30 a.m. ET, along with investor meetings. ADS is a leader in water management solutions for stormwater and septic wastewater, with over 50 years of experience. The company operates approximately 60 manufacturing plants and 30 distribution centers, offering innovative and eco-friendly drainage products across various markets.
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.
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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.