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ADVANCED DRAINAGE SYSTEMS, INC. - WMS STOCK NEWS

Welcome to our dedicated page for ADVANCED DRAINAGE SYSTEMS news (Ticker: WMS), a resource for investors and traders seeking the latest updates and insights on ADVANCED DRAINAGE SYSTEMS stock.

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.

News

ADS Foundation Donates $1 Million to the University of Minnesota Duluth’s Advanced Materials Center

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Advanced Drainage Systems, Inc. (ADS) donates $1 million to the University of Minnesota Duluth’s Advanced Materials Center to support the education of future scientists and engineers and further research on the repurposing of plastic waste. The funding will provide scholarships and research funding for UMD’s graduate students in Applied Materials Science and Engineering, supporting the education of future scientists and engineers, and further research on the repurposing of plastic waste. The $1 million gift will span four years and annually deliver $65,000 in scholarships, $125,000 in research funding, as well as provide $60,000 into an endowment, which by the end of the lifecycle of the gift, will fund an additional $10,000 a year in scholarships, in perpetuity.
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Infiltrator Launches New Advanced Treatment Solution and Expands Tank Offering

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Advanced Drainage Systems, Inc. (NYSE: WMS) announced the launch of three new products by Infiltrator Water Technologies, including the ECOPOD-NX for advanced wastewater treatment, two new plastic tank sizes, and the expansion of tank offerings. The ECOPOD-NX achieves 80% Total Nitrogen reduction and can be installed in a single tank for wastewater flows of up to 500 gallons per day. The new tank sizes, IM-1250 and IM-300, offer increased installation flexibility and are manufactured using recycled plastic material.
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Advanced Drainage Systems Announces Relationship with Rainwater Management Solutions

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Advanced Drainage Systems, Inc. (NYSE: WMS) has announced a strategic collaboration with Rainwater Management Solutions to advance sustainable stormwater management solutions in the United States and Canada. The partnership aims to revolutionize stormwater management and water harvesting techniques by combining ADS' expertise in managing rainwater with RMS' innovative water harvesting solutions. This collaboration will enable the delivery of leading, end-to-end stormwater treatment system solutions for commercial and residential customers.
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Advanced Drainage Systems to Announce Third Quarter Fiscal Year 2024 Results on February 8, 2024

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Advanced Drainage Systems, Inc. (NYSE: WMS) announced the release of its unaudited financial results for the fiscal third quarter. The results will be discussed in a conference call and webcast hosted by the President and CEO, Scott Barbour, and CFO, Scott Cottrill. Interested parties can listen to the webcast or participate in the teleconference by registering online.
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Advanced Drainage Systems Survey: Over Half of Americans Worried About How Their Stormwater is Managed

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Devastating Weather Events Cause Concern for Global Insurance Group (GIG) - Ticker Symbol: GIG
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Advanced Drainage Systems Shares Benefits of Plastic Pipe in Honor of America Recycles Day

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Advanced Drainage Systems, Inc. (NYSE: WMS) highlights the importance of sustainable and economically viable water management solutions using recycled plastics, as validated by a recent study from the National Academies of Sciences. The company's recycled plastic pipe offers several proven benefits, including waste stream reduction, a smaller carbon footprint, and compliance with industry standards. ADS products are designed to last for decades, significantly extending the life of single-use plastics and reducing the carbon impact by more than 70 percent.
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Advanced Drainage Systems to build New Florida Manufacturing Facility

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Advanced Drainage Systems (ADS) announced the construction of a new pipe manufacturing facility in Lake Wales, FL. The facility will be built on a 100-acre site and will incorporate advanced automation technologies for manufacturing corrugated thermoplastic pipe. The plant aims to support ADS' growth in Florida and the Southeastern U.S. and will complement the company's existing manufacturing facilities in Sebring and Winter Garden.
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Advanced Drainage Systems Announces Quarterly Cash Dividend

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Advanced Drainage Systems (ADS) has announced a quarterly cash dividend of $0.14 per share, representing a 17% increase over the previous year. The dividend will be paid on December 15, 2023, to shareholders of record as of December 1, 2023.
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Advanced Drainage Systems Announces Second Quarter Fiscal 2024 Results

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Advanced Drainage Systems (ADS) reports Q2 fiscal 2024 results with net sales decreasing 11.8% to $780.2 million and net income decreasing 10.7% to $137.0 million. Adjusted EBITDA decreased 6.4% to $246.3 million. Year-to-date fiscal 2024 results show net sales decreasing 13.4% to $1,558.3 million and net income decreasing 9.0% to $310.9 million.
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Advanced Drainage Systems to Announce Second Quarter Fiscal Year 2024 Results on November 2, 2023

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Advanced Drainage Systems, Inc. (ADS) will release its unaudited financial results for Q2 2023 on November 2, 2023. A conference call and webcast will be held to discuss the results.
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FAQ

What is the current stock price of ADVANCED DRAINAGE SYSTEMS (WMS)?

The current stock price of ADVANCED DRAINAGE SYSTEMS (WMS) is $115.15 as of December 20, 2024.

What is the market cap of ADVANCED DRAINAGE SYSTEMS (WMS)?

The market cap of ADVANCED DRAINAGE SYSTEMS (WMS) is approximately 8.9B.

What does Advanced Drainage Systems, Inc. specialize in?

ADS specializes in high-performance thermoplastic corrugated pipes and comprehensive water management products.

When was Advanced Drainage Systems, Inc. founded?

ADS was founded in 1966.

Where is the headquarters of Advanced Drainage Systems, Inc. located?

The headquarters of ADS is located in Hilliard, Ohio.

When did Advanced Drainage Systems, Inc. become a public company?

ADS became a public company in July 2014 and is traded on the NYSE® under the symbol WMS.

How many employees does Advanced Drainage Systems, Inc. have?

ADS employs approximately 3,700 people globally.

What are the main business segments of ADS?

The main business segments of ADS include Pipe, Infiltrator, International, and Allied Products and Other.

Which segment generates the most revenue for ADS?

The Pipe segment generates the most revenue for ADS.

What industries does ADS serve?

ADS serves various industries including agriculture, aviation, military, mining, residential, transportation, and healthcare.

How many manufacturing plants and distribution centers does ADS operate?

ADS operates 57 manufacturing plants and 33 distribution centers globally.

What are some recent achievements of ADS?

Recent achievements of ADS include strategic partnerships and continuous innovation in product development.

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ADVANCED DRAINAGE SYSTEMS, INC.

NYSE:WMS

WMS Rankings

#913 Ranked by Market Cap
#1995 Ranked by Dividends

WMS Stock Data

8.95B
70.36M
8.99%
88.78%
2.23%
Building Products & Equipment
Plastics Foam Products
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United States of America
HILLIARD