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. reports news on stormwater and onsite wastewater management products for commercial, residential, infrastructure and agricultural applications. Company updates commonly cover quarterly operating results, investor presentations, dividend declarations, stock repurchase authorizations and capital allocation.
Recurring developments also include product and portfolio expansion across water management, including ADS pipe products, Infiltrator septic systems and the completed addition of National Diversified Sales residential water management, access box and irrigation solutions. News may also cover partnerships and foundation activity tied to stormwater innovation, watershed management and water-quality initiatives.
Advanced Drainage Systems (WMS) reported significant financial growth for Q2 fiscal 2021, with net sales rising 9.7% to $544.2 million and net income soaring to $80.6 million from $8.5 million in the previous year. Year-to-date sales grew 15.7% to $1.1 billion, driven by a strong performance in construction and agriculture markets, particularly in Infiltrator sales, which surged 220.8%. Adjusted EBITDA saw a remarkable increase of 68.1% to $333.5 million. The company is optimistic for the second half, citing positive order backlog despite potential seasonal slowdowns.
Advanced Drainage Systems (NYSE: WMS) will release its unaudited financial results for Q2 ending September 30, 2020, on November 5, 2020, before market opening. CEO Scott Barbour and CFO Scott Cottrill will host a conference call at 10:00 a.m. ET on the same day to discuss the results. The company specializes in stormwater and wastewater management products, boasting a robust network of 60 manufacturing plants and 30 distribution centers globally. For over 50 years, it has provided innovative solutions in various applications including agriculture and construction.