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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.
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Advanced Drainage Systems, Inc. (NYSE: WMS) will announce its unaudited financial results for the fiscal fourth quarter and year ended March 31, 2024, on May 16, 2024. President and CEO, Scott Barbour, and CFO, Scott Cottrill, will host a conference call and webcast to discuss the results.
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Advanced Drainage Systems, Inc. (NYSE: WMS) emphasizes the need for effective stormwater management on World Water Day. The company highlights the increasing cost of stormwater-related disasters in the US and advocates for resilient communities through proper stormwater infrastructure. ADS President and CEO, Scott Barbour, stresses the importance of managing stormwater throughout its lifecycle. ADS released a video showcasing the impact of efficient stormwater solutions, reflecting their commitment to water management.
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Advanced Drainage Systems, Inc. (NYSE: WMS) has been named to Newsweek’s list of America’s Most Responsible Companies 2024 for the second consecutive year, highlighting its dedication to environmental, social, and corporate governance efforts. ADS President and CEO, Scott Barbour, expressed gratitude for the recognition, emphasizing the company's commitment to water management and environmental protection. The award, presented by Newsweek and Statista Inc., recognizes the top 600 responsible companies in the US across 14 industries, based on ESG criteria.
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Advanced Drainage Systems, Inc. (NYSE: WMS) has announced a 17% increase in its quarterly cash dividend to $0.14 per share. The company's President and CEO, Scott Barbour, attributes this to the strength of their balance sheet and cash generation, indicating confidence in their financial performance and operational excellence. The dividend will be paid on March 15, 2024.
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Advanced Drainage Systems, Inc. (WMS) announced financial results for the fiscal third quarter ended December 31, 2023. Net sales increased 1.1% to $662.4 million, net income increased 28.5% to $106.9 million, and adjusted EBITDA increased 20.3% to $204.2 million. However, year-to-date fiscal 2024 results showed a decrease in net sales by 9.5% to $2,220.6 million. The company's outlook for fiscal 2024 includes net sales in the range of $2.800 billion to $2.850 billion and adjusted EBITDA in the range of $880 to $910 million.
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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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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, 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, 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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Devastating Weather Events Cause Concern for Global Insurance Group (GIG) - Ticker Symbol: GIG
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FAQ
What is the current stock price of Advanced Drain Sys Del (WMS)?
The current stock price of Advanced Drain Sys Del (WMS) is $111.39 as of February 28, 2025.
What is the market cap of Advanced Drain Sys Del (WMS)?
The market cap of Advanced Drain Sys Del (WMS) is approximately 8.7B.
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.
Advanced Drain Sys Inc Del
NYSE:WMS
WMS Rankings
WMS Stock Data
8.67B
70.36M
8.99%
89.67%
2.49%
Building Products & Equipment
Plastics Foam Products
United States
HILLIARD