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Advanced Drainage Systems, Inc. (NYSE: WMS) highlights the importance of sustainable and economically viable water management solutions using recycled plastics, as validated by a recent study from the National Academies of Sciences. The company's recycled plastic pipe offers several proven benefits, including waste stream reduction, a smaller carbon footprint, and compliance with industry standards. ADS products are designed to last for decades, significantly extending the life of single-use plastics and reducing the carbon impact by more than 70 percent.
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-0.47%
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Advanced Drainage Systems (ADS) announced the construction of a new pipe manufacturing facility in Lake Wales, FL. The facility will be built on a 100-acre site and will incorporate advanced automation technologies for manufacturing corrugated thermoplastic pipe. The plant aims to support ADS' growth in Florida and the Southeastern U.S. and will complement the company's existing manufacturing facilities in Sebring and Winter Garden.
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-0.94%
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Advanced Drainage Systems (ADS) has announced a quarterly cash dividend of $0.14 per share, representing a 17% increase over the previous year. The dividend will be paid on December 15, 2023, to shareholders of record as of December 1, 2023.
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Advanced Drainage Systems (ADS) reports Q2 fiscal 2024 results with net sales decreasing 11.8% to $780.2 million and net income decreasing 10.7% to $137.0 million. Adjusted EBITDA decreased 6.4% to $246.3 million. Year-to-date fiscal 2024 results show net sales decreasing 13.4% to $1,558.3 million and net income decreasing 9.0% to $310.9 million.
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News
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Advanced Drainage Systems, Inc. (ADS) will release its unaudited financial results for Q2 2023 on November 2, 2023. A conference call and webcast will be held to discuss the results.
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0.22%
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The City of Hilliard installs stormwater management system for new Recreation and Wellness Campus, receiving $500,000 of donated products from Advanced Drainage Systems, Inc. (ADS). The campus is a large capital investment and will include various facilities and outdoor space. ADS products will help protect the watershed that feeds Big Darby Creek.
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-0.04%
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Advanced Drainage Systems, Inc. (ADS) issued its Fiscal 2023 Sustainability Report, showcasing its commitment to environmental leadership and progress towards sustainability goals.
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0.88%
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ADS honored for water quality protection, recycling and commitment to innovation
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-1.82%
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Advanced Drainage Systems, Inc. (NYSE: WMS) announces a 17% increase in quarterly cash dividend to $0.14 per share, reflecting strong financial performance and commitment to returning capital to shareholders.
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0.69%
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Advanced Drainage Systems, Inc. (NYSE: WMS) announced Q1 fiscal 2024 results, with net sales down 14.9% to $778.0 million, net income down 7.7% to $173.9 million, and adjusted EBITDA down 5.9% to $281.3 million. The company confirmed its financial targets for fiscal 2024, expecting net sales of $2.6-2.8 billion and adjusted EBITDA of $725-825 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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ADVANCED DRAINAGE SYSTEMS, INC.
NYSE:WMS
WMS Rankings
WMS Stock Data
12.57B
69.44M
9.71%
86.73%
1.52%
Plastics Pipe and Pipe Fitting Manufacturing
Manufacturing
United States of America
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.