STOCK TITAN

Advanced Drainage Systems Announces Quarterly Cash Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

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) ha annunciato un dividendo in contante trimestrale di 0,16 $ per azione, che rappresenta un incremento del 14% rispetto all'anno precedente. Il dividendo sarà pagato il 16 dicembre 2024 agli azionisti registrati al 2 dicembre 2024. Il CEO Scott Barbour attribuisce questa decisione alla solidità del bilancio dell'azienda, alla robusta generazione di cassa e all'impegno per i ritorni agli azionisti. ADS, un leader nella produzione di soluzioni per la gestione delle acque piovane e dei fanghi settici, gestisce circa 70 impianti di produzione e 40 centri di distribuzione, mantenendo l'operazione di riciclaggio di plastica più grande del Nord America.

Advanced Drainage Systems (NYSE: WMS) ha anunciado un dividendo en efectivo trimestral de $0.16 por acción, lo que representa un aumento del 14% en comparación con el año anterior. El dividendo se pagará el 16 de diciembre de 2024 a los accionistas registrados al 2 de diciembre de 2024. El CEO Scott Barbour atribuye esta decisión a la sólida situación financiera de la empresa, a la robusta generación de efectivo y a su compromiso con los retornos para los accionistas. ADS, un fabricante líder de soluciones para aguas pluviales y aguas residuales sépticas, opera aproximadamente 70 plantas de producción y 40 centros de distribución, manteniendo la operación de reciclaje de plástico más grande de América del Norte.

어드밴스드 드레인 시스템즈 (NYSE: WMS)주당 0.16 달러의 분기 현금 배당금을 발표했으며, 이는 전년도 대비 14% 증가한 수치입니다. 배당금은 2024년 12월 16일에 지급되며, 2024년 12월 2일 기준의 주주들에게 배포됩니다. CEO 스콧 바버는 이 결정을 회사의 강력한 재무 상태, 안정적인 현금 생성 및 주주 수익에 대한 헌신에 기인한다고 설명했습니다. ADS는 폭풍수 및 정화조 wastewater 솔루션의 주요 제조업체로, 약 70개의 제조 공장과 40개의 유통 센터를 운영하며, 북미에서 가장 큰 플라스틱 재활용 작업을 유지하고 있습니다.

Advanced Drainage Systems (NYSE: WMS) a annoncé un dividende trimestriel en espèces de 0,16 $ par action, ce qui représente une augmentation de 14% par rapport à l'année précédente. Le dividende sera versé le 16 décembre 2024 aux actionnaires inscrits au 2 décembre 2024. Le PDG Scott Barbour attribue cette décision à la solide situation financière de l'entreprise, à la robustesse de la génération de liquidités et à l'engagement envers le retour sur investissement pour les actionnaires. ADS, un fabricant de premier plan de solutions pour les eaux pluviales et les eaux usées septiques, exploite environ 70 usines de fabrication et 40 centres de distribution, tout en maintenant la plus grande opération de recyclage de plastique en Amérique du Nord.

Advanced Drainage Systems (NYSE: WMS) hat eine vierteljährliche Bardividende von 0,16 $ pro Aktie angekündigt, was einen 14%igen Anstieg im Vergleich zum Vorjahr darstellt. Die Dividende wird am 16. Dezember 2024 an die Aktionäre ausgezahlt, die am 2. Dezember 2024 im Aktienregister stehen. CEO Scott Barbour führt diese Entscheidung auf die solide Bilanz des Unternehmens, die starke Cash-Generierung und das Engagement für die Rendite der Aktionäre zurück. ADS, ein führender Hersteller von Lösungen für Regenwasser und septische Abwässer, betreibt rund 70 Produktionsstätten und 40 Vertriebszentren und unterhält die größte Kunststoffrecyclingoperation in Nordamerika.

Positive
  • 14% increase in quarterly dividend payment
  • Strong balance sheet and robust cash generation
  • Extensive operational infrastructure with 70 manufacturing plants and 40 distribution centers
  • Leading position in plastic recycling, processing over half a billion pounds annually
Negative
  • None.

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 on-site septic waste water industries, today announced that its Board of Directors (the “Board”) has approved a quarterly cash dividend to its shareholders in the amount of $0.16 per share, a 14% increase over the prior year dividend amount.

Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, “Today’s dividend announcement is predicated on the strength of our balance sheet, formidable cash generation, and ongoing commitment to returning capital to shareholders. Our strong financial performance and operational excellence initiatives provide us with the confidence and financial flexibility to return excess cash to our shareholders while simultaneously continuing to strategically invest in our business.”

The quarterly cash dividend of $0.16 per share will be paid on December 16, 2024, to shareholders of record at the close of business on December 2, 2024.

About the Company

Advanced Drainage Systems is a leading manufacturer of innovative stormwater and onsite septic wastewater solutions that manages the world’s most precious resource: water. ADS and its subsidiary, Infiltrator Water Technologies, provide superior stormwater drainage and onsite septic wastewater products used in a wide variety of markets and applications including commercial, residential, infrastructure and agriculture, while delivering unparalleled customer service. ADS manages the industry’s largest company-owned fleet, an expansive sales team, and a vast manufacturing network of approximately 70 manufacturing plants and 40 distribution centers. The company is one of the largest plastic recycling companies in North America, ensuring over half a billion pounds of plastic is kept out of landfills every year. Founded in 1966, ADS’ water management solutions are designed to last for decades. To learn more, visit the Company’s website at www.adspipe.com.

Forward Looking Statements

Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections regarding the Company’s business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “confident” and similar expressions are used to identify these forward-looking statements. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: fluctuations in the price and availability of resins and other raw materials and our ability to pass any increased costs of raw materials on to our customers in a timely manner; disruption or volatility in general business and economic conditions in the markets in which we operate; cyclicality and seasonality of the non-residential and residential construction markets and infrastructure spending; the risks of increasing competition in our existing and future markets; uncertainties surrounding the integration and realization of anticipated benefits of acquisitions; the effect of weather or seasonality; the loss of any of our significant customers; the risks of doing business internationally; the risks of conducting a portion of our operations through joint ventures; our ability to expand into new geographic or product markets; the risk associated with manufacturing processes; the effect of global climate change; our ability to protect against cybersecurity incidents and disruptions or failures of our IT systems; our ability to assess and monitor the effects of artificial intelligence, machine learning, and robotics on our business and operations; our ability to manage our supply purchasing and customer credit policies; our ability to control labor costs and to attract, train and retain highly qualified employees and key personnel; our ability to protect our intellectual property rights; changes in laws and regulations, including environmental laws and regulations; our ability to appropriately address any environmental, social or governance concerns that may arise from our activities; the risks associated with our current levels of indebtedness, including borrowings under our existing credit agreement and outstanding indebtedness under our existing senior notes; and other risks and uncertainties described in the Company’s filings with the SEC. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company’s expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Investors are cautioned not to place undue reliance on the Company’s forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Michael Higgins

VP, Corporate Strategy & Investor Relations

(614) 658-0050

Michael.Higgins@adspipe.com

Source: Advanced Drainage Systems, Inc.

FAQ

What is Advanced Drainage Systems' (WMS) new quarterly dividend amount?

Advanced Drainage Systems (WMS) announced a quarterly dividend of $0.16 per share, a 14% increase over the previous year.

When will Advanced Drainage Systems (WMS) pay its next dividend?

The dividend will be paid on December 16, 2024, to shareholders of record as of December 2, 2024.

How many manufacturing facilities does Advanced Drainage Systems (WMS) operate?

Advanced Drainage Systems operates approximately 70 manufacturing plants and 40 distribution centers across its network.

How much plastic does Advanced Drainage Systems (WMS) recycle annually?

Advanced Drainage Systems recycles over half a billion pounds of plastic annually, making it one of North America's largest plastic recycling companies.

ADVANCED DRAINAGE SYSTEMS, INC.

NYSE:WMS

WMS Rankings

WMS Latest News

WMS Stock Data

10.94B
77.52M
9.74%
87.03%
2.08%
Building Products & Equipment
Plastics Foam Products
Link
United States of America
HILLIARD