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) announced a 14% increase in its annual cash dividend to $0.64 per share. This decision, backed by strong financial performance and cash generation, reflects ADS' commitment to returning capital to shareholders. In Fiscal 2024, the company returned $251.3 million through dividends and share buybacks. The quarterly cash dividend of $0.16 per share will be paid on June 14, 2024, to shareholders of record as of May 31, 2024.
ADS, a leading provider of water management solutions, operates around 70 manufacturing plants and 40 distribution centers, and is a significant player in plastic recycling. The company focuses on commercial, residential, infrastructure, and agricultural markets.
Advanced Drainage Systems (NYSE: WMS) reported its Q4 and FY 2024 results. For Q4, net sales increased 5.9% to $653.8 million, net income rose 10.6% to $95.5 million, and diluted EPS climbed 14.5% to $1.21. Adjusted EBITDA grew 11.2% to $191.2 million.
For FY 2024, net sales decreased 6.4% to $2,874.5 million, net income rose 0.4% to $513.3 million, and diluted EPS increased 6.1% to $6.45. Adjusted EBITDA increased 2.1% to $922.9 million. Cash from operating activities increased by $10.1 million to $717.9 million, while free cash flow decreased by $6.8 million to $534.1 million.
Despite weaker demand in the first half, the company achieved a record Adjusted EBITDA margin of 32.1%. ADS expects favorable demand and volume growth in FY 2025, with net sales projected to be between $2.925 billion and $3.025 billion and Adjusted EBITDA between $940 million and $980 million.
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