Advanced Drainage Systems Q4 2023 Earnings Report

Advanced Drainage Systems EPS Results

• Actual EPS: $1.06
• Consensus EPS: $0.68
• Beat/Miss: Beat by +$0.38
• One Year Ago EPS: $0.95

Advanced Drainage Systems Revenue Results

• Actual Revenue: $617.60 million
• Expected Revenue: $567.10 million
• Beat/Miss: Beat by +$50.50 million
• YoY Revenue Growth: -8.90%

Advanced Drainage Systems Announcement Details

• Quarter: Q4 2023
• Date: 5/18/2023
• Time: Before Market Opens

Advanced Drainage Systems (NYSE:WMS) designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. In addition, it provides PVC hubs, rubber sleeves, and stainless-steel bands. The company offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of distribution centers. Advanced Drainage Systems, Inc. incorporated in 1966 and is headquartered in Hilliard, Ohio.