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Advanced Drainage Systems, Inc. (ADS), headquartered in Hilliard, Ohio, is a leading manufacturer specializing in high-performance thermoplastic corrugated pipe and comprehensive water management products. Established in 1966, ADS provides innovative drainage solutions that cater to a diverse range of markets, including residential, non-residential, agricultural, and infrastructure applications.
ADS has built a strong market presence by leveraging its extensive national sales and distribution network, diverse product range, and manufacturing excellence. With a global workforce of 3,700 employees, the company operates 57 manufacturing plants and 33 distribution centers, ensuring efficient production and distribution.
ADS became a publicly traded company on the NYSE® in July 2014, under the symbol WMS. The company's core business segments include Pipe, Infiltrator, International, and Allied Products and Other, with the Pipe segment generating the most revenue. ADS serves a wide array of industries such as agriculture, aviation, military, mining, residential, transportation, and healthcare.
Some recent achievements of ADS include strategic partnerships and continuous innovation in product development. The company is committed to sustainable growth and continually seeks to enhance its product offerings and operational capabilities. ADS's products are known for their quality and reliability, making them a preferred choice for effective water management solutions worldwide.
Advanced Drainage Systems, Inc. (WMS) has signed the America Recycles Pledge, demonstrating a commitment to enhancing the national recycling rate to 50% by 2030, in collaboration with the USEPA. The company recycles over half a billion pounds of plastic annually, avoiding 730 million pounds of greenhouse gas emissions. By converting curbside recycling into durable pipe products, ADS aims to support the circular economy and reduce waste. This initiative aligns with ADS's role as a significant player in the U.S. recycling market, which is crucial for environmental protection.
Advanced Drainage Systems (NYSE: WMS) announced participation in the Morgan Stanley 6th Annual Sustainable Futures Conference on June 10, 2021. CEO Scott Barbour and CFO Scott Cottrill will engage in a virtual fireside chat at 9:30 a.m. ET, along with investor meetings. ADS is a leader in water management solutions for stormwater and septic wastewater, with over 50 years of experience. The company operates approximately 60 manufacturing plants and 30 distribution centers, offering innovative and eco-friendly drainage products across various markets.
Advanced Drainage Systems (NYSE: WMS) has joined The Recycling Partnership and its Polypropylene Recycling Coalition to enhance its commitment to environmental stewardship. By recycling over 550 million pounds of plastic annually, ADS prevents 730 million pounds of greenhouse gas emissions and promotes a circular economy. The company converts recycled plastic into durable pipe products, significantly extending the lifecycle of materials. This partnership aims to improve recycling access and infrastructure for polypropylene, aligning with ADS's mission to positively impact communities and the environment.
Advanced Drainage Systems, Inc. (NYSE: WMS) announced a quarterly cash dividend of $0.11 per share, marking a 22% increase from the previous quarter. Additionally, the Board approved a $250 million increase in its stock repurchase program, raising the total authorization to $292 million. CEO Scott Barbour emphasized the company's strong financial position as the reason for these actions, citing robust cash generation and commitment to shareholder returns. The dividend will be paid on June 15, 2021, with record shareholders on June 1, 2021.
Advanced Drainage Systems reported strong financial results for Q4 and fiscal year 2021. Q4 net sales rose 19.7% to $443.8 million, with net income up 488.1% to $20.8 million. For the fiscal year, net sales increased 18.5% to $2.0 billion, and net income surged to $226.1 million from a loss of $191.8 million in the previous year. Adjusted EBITDA grew 56.7% to $567.0 million. The company’s strong performance is attributed to material conversion strategies and robust demand across various end markets.
Advanced Drainage Systems (NYSE: WMS) plans to release its unaudited financial results for Q4 and the fiscal year ending March 31, 2021, prior to market opening on May 20, 2021. CEO Scott Barbour and CFO Scott Cottrill will host a conference call at 10:00 a.m. ET that same day for discussion on the results. The company is recognized for its innovative solutions in stormwater and septic wastewater management across various sectors including commercial and agricultural.
Advanced Drainage Systems (WMS) announced the launch of the Inserta Tee OneFit, a versatile lateral service connection compatible with mainline pipes 10 inches and larger. This innovative product is designed to enhance installation efficiency, providing contractors with a cost-effective solution that reduces inventory needs for distributors. Supported by decades of successful use and approvals from engineers nationwide, the Inserta Tee OneFit addresses various applications including storm sewers and irrigation. The product is available through leading waterworks distributors.
Advanced Drainage Systems (NYSE: WMS) announced a quarterly cash dividend of $0.09 per share, reaffirming its commitment to returning capital to shareholders. The dividend will be payable on March 15, 2021, to shareholders of record as of March 1, 2021. CEO Scott Barbour expressed confidence in the Company's financial stability, allowing for both dividend payments and ongoing investments in business strategies. This is seen as a positive indicator of the Company’s health and its ability to generate shareholder value.
Advanced Drainage Systems, Inc. (NYSE: WMS) reported strong financial results for Q3 of FY 2021, with net sales up 23.6% to $486.1 million and net income soaring 128.4% to $54.0 million. Year-to-date results highlighted an 18.1% sales increase to $1.5 billion and a significant turnaround in net income, reaching $205.3 million compared to a loss of $195.3 million last year. Adjusted EBITDA rose 52.1% to $138.9 million in Q3 and 63.0% to $472.4 million year-to-date. The company anticipates net sales for FY 2021 to reach between $1.915 billion and $1.950 billion.
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