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) reported flat Q2 FY2025 net sales of $782.6 million, with net income decreasing 4.3% to $131.2 million. Net income per diluted share fell 2.3% to $1.67. Year-to-date results showed a 2.5% increase in net sales to $1.6 billion, while net income decreased 5.6% to $293.5 million.
The company maintained a robust Adjusted EBITDA margin of 31.4% despite facing headwinds in the non-residential market and weather-related disruptions. The company highlighted strong demand in Infiltrator and ADS residential and infrastructure markets, while announcing the acquisition of Orenco Systems to expand in the advanced wastewater treatment space.
Advanced Drainage Systems (NYSE: WMS) celebrated the opening of its $65 million Engineering and Technology Center in Hilliard, Ohio. The 110,000-square-foot facility is the world's largest stormwater engineering center, featuring a product development lab, a 90,000-gallon water testing system, hydraulics lab, and advanced technology lab. The center will create 200 new jobs and focus on developing stormwater solutions, materials science, and manufacturing technologies. As one of North America's largest recycling companies, ADS recycled 540 million pounds of plastic last year, equivalent to nearly 5 billion plastic bottles.
Advanced Drainage Systems (NYSE: WMS) has announced it will release its unaudited financial results for the fiscal second quarter ended September 30, 2024, before the market opens on November 8, 2024. President and 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.
Interested parties can access the webcast through the Investor Relations section of the company's website. To participate in the live teleconference, registration is required. ADS is a leading manufacturer of stormwater and onsite septic wastewater solutions, with a vast network of approximately 70 manufacturing plants and 40 distribution centers. The company is also one of North America's largest plastic recycling companies, keeping over half a billion pounds of plastic out of landfills annually.
Advanced Drainage Systems (NYSE: WMS) has partnered with Geoplast to distribute Aquabox, a modular stormwater retention/detention system, in the United States. This strategic alliance expands ADS's stormwater management product portfolio. Aquabox is designed for flexible underground storage, offering solutions for stormwater retention, infiltration, disposal, and harvesting for reuse.
The system's open cellular design allows for free distribution of stormwater runoff between modules, helping to reduce potential flooding in urban areas. With its high mechanical resistance, Aquabox is suitable for dense urban applications. This partnership aligns with both companies' commitment to innovative, sustainable water management solutions and resilient infrastructure.
Advanced Drainage Systems (NYSE: WMS) has announced the acquisition of Orenco Systems, a leading manufacturer of advanced onsite septic wastewater treatment products. This strategic move enhances ADS's position in water management solutions and expands its footprint in the growing advanced wastewater treatment industry. The acquisition, expected to close in Q3 fiscal 2025, will be executed through ADS's subsidiary, Infiltrator Water Technologies.
Key benefits of the combination include:
- Establishing a premier provider of residential and non-residential advanced wastewater treatment systems
- Accelerating engineering and product development
- Creating synergies for operational excellence and margin expansion
- Enhancing scale through combined sales, engineering teams, and distribution networks
- Strengthening environmental stewardship efforts
Advanced Drainage Systems (NYSE: WMS) has announced a quarterly cash dividend of $0.16 per share, representing a 14% increase from the previous year. The dividend will be paid on September 13, 2024, to shareholders of record as of August 30, 2024. CEO Scott Barbour emphasized that this decision reflects the company's strong balance sheet, robust cash generation, and commitment to shareholder returns. ADS, a leading provider of water management solutions, maintains financial flexibility to invest in its business while returning excess cash to shareholders.
Advanced Drainage Systems (NYSE: WMS) reported Q1 fiscal 2025 results with net sales increasing 4.8% to $815.3 million. However, net income decreased 6.7% to $162.3 million, and net income per diluted share decreased 5.5% to $2.06. The company saw growth in Allied product sales (8%) and Infiltrator business sales (6%). Domestic construction markets revenue increased by 6%, driven by volume growth in non-residential, residential, and infrastructure end markets. Adjusted EBITDA margin was 33.8%, one of the highest quarterly margins in company history. ADS reaffirmed its fiscal 2025 outlook, expecting net sales between $2.925 billion and $3.025 billion, and Adjusted EBITDA between $940 million and $980 million.
Advanced Drainage Systems (ADS) (NYSE: WMS) has released its Fiscal 2024 Sustainability Report, highlighting its commitment to environmental stewardship and water management. Key achievements include:
- Recycling 540 million pounds of plastic, making ADS one of North America's largest plastic recyclers
- Submitting targets to the Science Based Targets Initiative for approval, including a 50% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions from the Fiscal 2022 baseline
- Implementing a supplier code of conduct and signing the UN Global Compact
- Contributing $2 million to charitable organizations
- Improving safety performance with a 19% reduction in Total Recordable Incident Rate
ADS aims to reach one billion pounds of recycled plastic purchased annually by Fiscal 2032, nearly doubling their current usage.
Advanced Drainage Systems (NYSE: WMS) has announced it will release its unaudited financial results for the fiscal first quarter ended June 30, 2024, before the market opens on August 8, 2024. President and CEO Scott Barbour and CFO Scott Cottrill will host a conference call and webcast at 10:00 a.m. ET on the same day to discuss the results.
Investors can access the webcast through the company's Investor Relations website. For teleconference participation, registration is required. ADS, a leading manufacturer of stormwater and onsite septic wastewater solutions, manages a vast network of approximately 70 manufacturing plants and 40 distribution centers. The company is also one of North America's largest plastic recycling companies, keeping over half a billion pounds of plastic out of landfills annually.
Core & Main (NYSE: CNM) announced significant changes to its executive leadership team. Jack Schaller steps down as president to become executive vice president, focusing on integrating newly acquired businesses and supplier relations. Schaller expressed confidence in this planned transition, emphasizing his commitment to ongoing success.
Brad Cowles, previously leading the fire protection product line, will now oversee the waterworks product line, in addition to several growth and margin initiatives. Cowles has over 18 years of leadership experience within Core & Main.
Mike Huebert is set to join the company on July 22, 2024, as president of the fire protection product line and other high-growth areas. Huebert brings extensive experience from Advanced Drainage Systems, where he oversaw field sales, engineering, national accounts, and retail sales teams.
CEO Steve LeClair believes these changes strategically align the company for profitable growth and increased shareholder value.
FAQ
What is the current stock price of Advanced Drain Sys Del (WMS)?
What is the market cap of Advanced Drain Sys Del (WMS)?
