Advanced Drain Sys Inc Del - WMS STOCK NEWS

Advanced Drainage Systems (NYSE: WMS) has partnered with Geoplast to distribute Aquabox, a modular stormwater retention/detention system, in the United States. This strategic alliance expands ADS's stormwater management product portfolio. Aquabox is designed for flexible underground storage, offering solutions for stormwater retention, infiltration, disposal, and harvesting for reuse.

The system's open cellular design allows for free distribution of stormwater runoff between modules, helping to reduce potential flooding in urban areas. With its high mechanical resistance, Aquabox is suitable for dense urban applications. This partnership aligns with both companies' commitment to innovative, sustainable water management solutions and resilient infrastructure.

Advanced Drainage Systems (NYSE: WMS) has announced the acquisition of Orenco Systems, a leading manufacturer of advanced onsite septic wastewater treatment products. This strategic move enhances ADS's position in water management solutions and expands its footprint in the growing advanced wastewater treatment industry. The acquisition, expected to close in Q3 fiscal 2025, will be executed through ADS's subsidiary, Infiltrator Water Technologies.

Key benefits of the combination include:

• Establishing a premier provider of residential and non-residential advanced wastewater treatment systems
• Accelerating engineering and product development
• Creating synergies for operational excellence and margin expansion
• Enhancing scale through combined sales, engineering teams, and distribution networks
• Strengthening environmental stewardship efforts

Advanced Drainage Systems (NYSE: WMS) has announced a quarterly cash dividend of $0.16 per share, representing a 14% increase from the previous year. The dividend will be paid on September 13, 2024, to shareholders of record as of August 30, 2024. CEO Scott Barbour emphasized that this decision reflects the company's strong balance sheet, robust cash generation, and commitment to shareholder returns. ADS, a leading provider of water management solutions, maintains financial flexibility to invest in its business while returning excess cash to shareholders.

Advanced Drainage Systems (NYSE: WMS) reported Q1 fiscal 2025 results with net sales increasing 4.8% to $815.3 million. However, net income decreased 6.7% to $162.3 million, and net income per diluted share decreased 5.5% to $2.06. The company saw growth in Allied product sales (8%) and Infiltrator business sales (6%). Domestic construction markets revenue increased by 6%, driven by volume growth in non-residential, residential, and infrastructure end markets. Adjusted EBITDA margin was 33.8%, one of the highest quarterly margins in company history. ADS reaffirmed its fiscal 2025 outlook, expecting net sales between $2.925 billion and $3.025 billion, and Adjusted EBITDA between $940 million and $980 million.

Advanced Drainage Systems (ADS) (NYSE: WMS) has released its Fiscal 2024 Sustainability Report, highlighting its commitment to environmental stewardship and water management. Key achievements include:

• Recycling 540 million pounds of plastic, making ADS one of North America's largest plastic recyclers
• Submitting targets to the Science Based Targets Initiative for approval, including a 50% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions from the Fiscal 2022 baseline
• Implementing a supplier code of conduct and signing the UN Global Compact
• Contributing $2 million to charitable organizations
• Improving safety performance with a 19% reduction in Total Recordable Incident Rate

ADS aims to reach one billion pounds of recycled plastic purchased annually by Fiscal 2032, nearly doubling their current usage.

Advanced Drainage Systems (NYSE: WMS) has announced it will release its unaudited financial results for the fiscal first quarter ended June 30, 2024, before the market opens on August 8, 2024. President and CEO Scott Barbour and CFO Scott Cottrill will host a conference call and webcast at 10:00 a.m. ET on the same day to discuss the results.

Investors can access the webcast through the company's Investor Relations website. For teleconference participation, registration is required. ADS, a leading manufacturer of stormwater and onsite septic wastewater solutions, manages a vast network of approximately 70 manufacturing plants and 40 distribution centers. The company is also one of North America's largest plastic recycling companies, keeping over half a billion pounds of plastic out of landfills annually.

Core & Main (NYSE: CNM) announced significant changes to its executive leadership team. Jack Schaller steps down as president to become executive vice president, focusing on integrating newly acquired businesses and supplier relations. Schaller expressed confidence in this planned transition, emphasizing his commitment to ongoing success.

Brad Cowles, previously leading the fire protection product line, will now oversee the waterworks product line, in addition to several growth and margin initiatives. Cowles has over 18 years of leadership experience within Core & Main.

Mike Huebert is set to join the company on July 22, 2024, as president of the fire protection product line and other high-growth areas. Huebert brings extensive experience from Advanced Drainage Systems, where he oversaw field sales, engineering, national accounts, and retail sales teams.

CEO Steve LeClair believes these changes strategically align the company for profitable growth and increased shareholder value.

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.