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Advanced Drainage Systems, Inc. - $WMS STOCK NEWS

Welcome to our dedicated page for Advanced Drainage Systems news (Ticker: $WMS), a resource for investors and traders seeking the latest updates and insights on Advanced Drainage Systems stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Advanced Drainage Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
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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dividends
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Rhea-AI Summary
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.
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Rhea-AI Sentiment
End-of-Day
0.69%
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Rhea-AI Summary
Advanced Drainage Systems, Inc. (NYSE: WMS) announced the release of its unaudited financial results for the fiscal first quarter ended June 30, 2023, before the market opens on August 3, 2023. President and Chief Executive Officer, Scott Barbour, and Chief Financial Officer, Scott Cottrill will host a conference call and webcast on August 3, 2023, at 10:00 a.m. ET to discuss the results. Interested investors and other parties can listen to a webcast of the live conference call by logging in through the Investor Relations section of the Company's website. A live teleconference is also available for participation.
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0.78%
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1.86%
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Rhea-AI Summary
Advanced Drainage Systems (ADS) has been recognized by USA TODAY for significantly reducing greenhouse gas emissions intensity. In its 2022 sustainability report, ADS reported a decrease in greenhouse gas emissions intensity by 31% and reduced energy intensity by 22% year-over-year. ADS was included in USA TODAY's list of America's Climate Leaders, which highlights companies that have cut their carbon footprint in recent years. By recycling over half a billion pounds of plastic annually, ADS has reduced its greenhouse gas emissions by over 770 million pounds.
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End-of-Day
-2.37%
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Rhea-AI Summary
Advanced Drainage Systems (ADS) announces a 17% increase in its annual cash dividend to $0.56 per share. The company attributes the increase to its strong financial performance and commitment to returning capital to shareholders.
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10.97%
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dividends
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10.97%
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2.75%
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Rhea-AI Summary
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-16.96%
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dividends
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Rhea-AI Sentiment
End-of-Day
-16.96%
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Advanced Drainage Systems, Inc.

NYSE:WMS

WMS Rankings

WMS Stock Data

13.52B
69.44M
9.71%
86.73%
1.52%
Plastics Pipe and Pipe Fitting Manufacturing
Manufacturing
Link
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.