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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. (NYSE: WMS) announced plans to offer up to $500 million in senior unsecured notes due 2030. The offering, which will be exempt from Securities Act registration, aims to repay outstanding borrowings under its senior secured revolving credit facility and for general corporate purposes. The notes will be guaranteed by its domestic subsidiaries, and they may only be sold to qualified institutional buyers. This strategic move highlights the company's effort to manage its debt efficiently while ensuring liquidity.
Advanced Drainage Systems (NYSE: WMS) has announced a quarterly cash dividend of $0.12 per share, marking a 9% increase from last year. The dividend is set to be paid on June 15, 2022, to shareholders on record as of June 1, 2022. President and CEO Scott Barbour stated that this increase reflects the company's strong balance sheet and cash generation, showcasing their commitment to returning capital to shareholders while continuing investments in the business.
Advanced Drainage Systems (NYSE: WMS) reported impressive financial results for Q4 and the fiscal year ending March 31, 2022. Q4 net sales surged 52.8% to $678.2 million with a 126.8% increase in net income to $47.1 million. For the fiscal year, net sales rose 39.7% to $2,769.3 million and net income increased 21.6% to $275.0 million. Adjusted EBITDA saw significant growth, reaching $676.0 million for the year. Despite inflationary pressures, strong demand in domestic construction markets supports a positive outlook for fiscal 2023 with projected net sales between $3.1 and $3.2 billion.
Advanced Drainage Systems (NYSE: WMS) will announce its unaudited financial results for Q4 and the fiscal year ending March 31, 2022, before market open on May 19, 2022. The results will be discussed in a conference call at 10:00 a.m. ET on the same day, which will be accessible through the Company’s Investor Relations website. ADS specializes in stormwater and septic wastewater management products and has a strong position in the construction and agriculture markets.
Advanced Drainage Systems, Inc. (NYSE: WMS) has acquired Cultec, Inc., a family-owned leader in stormwater and septic solutions. Founded in 1986, Cultec enhances ADS's product portfolio, allowing the company to meet increasing customer demands. The acquisition is strategic, aimed at leveraging complementary technologies and shared values in water conservation. ADS boasts a strong market presence with 60 manufacturing plants and aims to expand its capabilities through this acquisition.
Advanced Drainage Systems, Inc. (NYSE: WMS) will host an Investor Day on March 10, 2022, in New York City, with a virtual attendance option. The event will feature insights on business performance, strategy, and medium-term targets, along with overviews of Infiltrator Water Technologies and ESG initiatives. The presentation begins at 8:30 a.m. ET, with a live webcast available on the company's investor relations site. Interested attendees can request in-person invitations via email.
Advanced Drainage Systems (NYSE: WMS) announced a quarterly cash dividend of $0.11 per share, marking a 22% increase from last year. The Board also approved a new $1 billion stock repurchase program, aimed at enhancing shareholder value. CEO Scott Barbour emphasized the company's strong cash generation and balance sheet, enabling them to return capital to shareholders while pursuing growth opportunities. The cash dividend will be paid on March 15, 2022, to shareholders of record as of March 1, 2022.
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