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.
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 (NYSE: WMS) Foundation announced a $5 million deposit into Adelphi Bank, a Black-owned financial institution established in January 2023. Adelphi Bank, the first Black-owned bank established in the US since 2000, is one of only 23 Black-owned banks nationwide and the only one in Ohio. Located in the King-Lincoln Bronzeville community, the bank focuses on uplifting central Ohio's communities of color through financial access. The funds will be reinvested in the community through loans, financial services, and support for small businesses, particularly minority- and women-owned enterprises.
Advanced Drainage Systems (NYSE: WMS) announced a $30,000 donation through the ADS Foundation to support Hurricane Helene and Milton relief efforts. The funds will be equally split between the North Carolina Disaster Relief Fund and Florida Disaster Fund. Both states were severely impacted by Hurricane Helene (category 4) and Hurricane Milton (category 3), with Florida experiencing its worst hurricane impact in 103 years. Infiltrator Water Technologies, an ADS subsidiary, is providing products to affected areas, while two ADS manufacturing facilities are delivering supplies to North Carolina.
Advanced Drainage Systems (NYSE: WMS) has announced a quarterly cash dividend of $0.16 per share, representing a 14% increase over the prior year. The dividend will be paid on December 16, 2024, to shareholders of record as of December 2, 2024. CEO Scott Barbour attributes this decision to the company's strong balance sheet, robust cash generation, and commitment to shareholder returns. ADS, a leading manufacturer of stormwater and septic wastewater solutions, operates approximately 70 manufacturing plants and 40 distribution centers, while maintaining North America's largest plastic recycling operation.
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.
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