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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 (WMS) hosted U.S. Congressman Larry Bucshon at its Brazil, Indiana plant to discuss the company's role in infrastructure and recycling initiatives. With $2.8 billion in net sales for FY 2022, ADS operates around 70 plants and employs 75 at the Brazil facility. The company is investing $2.5 million in the plant over 2022-2023 to enhance operations and is the largest plastic recycler in North America, processing over 600 million pounds of plastic annually. More than 50% of the plastic purchased in 2021 was recycled, underscoring ADS's commitment to sustainability.
Advanced Drainage Systems (NYSE: WMS) has elected Kelly Gast to its Board of Directors during the Annual Meeting of Stockholders. With extensive financial experience gained from her leadership roles at Bayer, Gast is expected to enhance the Board's capabilities. Previously, she served as CFO of Bayer's Crop Science division and held various senior financial positions since joining the company in 1995. Gast holds a B.A. in Economics from the University of Illinois at Champaign-Urbana, making her a valuable addition to ADS.
Advanced Drainage Systems (NYSE: WMS) will release its fiscal Q1 2023 unaudited financial results on August 4, 2022, before the market opens. The conference call will be hosted by President Scott Barbour and CFO Scott Cottrill at 10:00 a.m. ET on the same day, where they will discuss the results. Investors can access the call via the company's Investor Relations website or participate by registering for the teleconference.
Advanced Drainage Systems (NYSE: WMS) has announced a private offering of $500 million in senior unsecured notes due 2030 with a 6.375% interest rate. The offering is set to close on June 9, 2022, pending standard conditions. Proceeds will be used to repay outstanding borrowings under the company’s senior secured revolving credit facility, with any remaining funds allocated for general corporate purposes. The notes will not be registered under the Securities Act and can only be offered to qualified institutional buyers.
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.
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