Advanced Drainage Systems Announces First Quarter Fiscal 2023 Results
Advanced Drainage Systems, Inc. (WMS)
Last advanced drainage systems, inc. earnings: 2/6 06:40 am
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Source: Business Wire
HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries today announced financial results for the fiscal first quarter ended June 30, 2022.First Quarter Fiscal 2023 ResultsNet sales increased 36.6% to $914.2 millionNet income increased 144.4% to $188.5 millionAdjusted EBITDA (Non-GAAP) increased 79.5% to $299.0 millionScott Barbour, President and Chief Executive Officer of ADS commented, "We achieved record revenue and Adjusted EBITDA results in the first quarter of fiscal 2023, with results coming in well above plan. Sales growth of 37% was driven by favorable pricing at both ADS and Infiltrator, as well as strong volume growth in Allied Products, Infiltrator and the residential end market driven by share gains. In addition, the new production equipment installed during the fourth quarter of fiscal year 2022, at both
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WMS
Earnings
- 2/8/24 - Beat
WMS
Sec Filings
- 3/15/24 - Form 4
- 3/8/24 - Form 4
- 3/6/24 - Form 144
- WMS's page on the SEC website