Advanced Drainage Systems (WMS) Tops Q3 EPS by 31c, Beats on Revenue; Offers FY24 Revenue Guidance
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Advanced Drainage Systems Announces Third Quarter Fiscal 2024 Results
February 8, 2024 6:40 AM ESTHILLIARD, Ohio--(BUSINESS WIRE)-- Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries today announced financial results for the fiscal third quarter ended December 31, 2023.
Third Quarter Fiscal 2024 Results
Net sales increased 1.1% to $662.4 million Net income increased 28.5% to $106.9 million Net income per diluted share increased 35.4% to $1.34 Adjusted EBITDA (Non-GAAP) increased 20.3% to $204.2 million Adjusted Earnings per share (Non-GAAP) increased 35.6% to... More