This indicates that investor sentiment towards the company has not changed a great deal. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Ports, Federal & There may be delays, omissions, or inaccuracies Third Party Code of Conduct | These increases were partially offset by inflationary cost pressure on materials, transportation and labor, as well as an increase in the use of third-party logistics services. Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. These advantages can help drive key customers to use ADS for their water management needs. selection of stocks like Advanced Drainage Systems Inc. Actual results may differ. HILLIARD, Ohio, January 13, 2023--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS" or the "Company"), a leading manufacturer of stormwater and onsite septic wastewater management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited financial results for the fiscal third quarter ended December 31, 2022, before the market opens on February 2, 2023. Advanced Drainage Systems: Looks Strong For The Future, But Wait For A Pullback . Everyday stressors are just as significant as severe weather events. This is an estimated date of earnings release. ADS has a good chance to achieve strong, above-average revenue and earnings growth for multiple years as businesses, governments, and individuals look for drainage solutions to prevent the damaging effects of floods where it is possible. Concerned about the content? Flooding is happening on a regular basis in various regions around the globe. As it happens, Advanced Drainage Systems' TSR for the last 5 years was 484%, which exceeds the share price return mentioned earlier. Labor shortages and absenteeism related to COVID-19 remain a challenge in both manufacturing and transportation operations. And there's no prize for guessing that the dividend payments largely explain the divergence! These increases were partially offset by inflationary cost pressure on materials, transportation and labor, as well as an increase in the use of third-party logistics services. The increase is primarily due to the factors mentioned above. While anything can happen in the near term, long-term investors can benefit from keeping their eyes on the horizon of 3 to 5 years or longer into the future. David told investors to buy in March 2009 at the bottom of the financial crisis. Founded in 1966, the Company operates a global network of 63 manufacturing plants and 32 distribution centers. Advanced Drainage Systems, Inc. (ADS) designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Oct-05-21 02:48PM. The Advanced Drainage Systems stock price may drop from Latest Share Price and Events Stable Share Price : WMS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5 Gross profit increased $110.3 million, or 16.0%, to $800.4 million as compared to $690.1 million in the prior year. in the Information. All three indicators lined up to show a positive change in trend at the beginning of April. This is positive in the very near term as the stock has been rising and showing strength. In order to provide investors with a meaningful reconciliation, the Company has provided below a reconciliation of cash flow from operating activities to Free Cash Flow. ADS has a national footprint, while the other HDPE producers are fragmented and have much smaller footprints. The ADS Engineering and Technology Center. Teleconference: To participate in the live teleconference, participants may register at https://www.netroadshow.com/events/login?show=4a232ad6&confId=45958. For additional information on the Company's ESOP, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2021, and other reports filed by the Company with the SEC. Gross profit increased $63.0 million, or 49.5%, to $190.2 million as compared to $127.2 million in the prior year. Disclaimer: Past performance is no guarantee of future performance. The conversion of the preferred shares increased the number of common shares outstanding. dvelopper et amliorer nos produits et services. So let's. Investing in stocks involves risk and could result in losses. Advanced Drainage Systems (NYSE:WMS) has a positive growth outlook as a designer and manufacturer of thermoplastic corrugated pipes and related water management products and drainage solutions. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. See the Full List of Stocks To Beat Earnings. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank, Industry: Building Products - Miscellaneous. We've quantified the difference between the two estimates with our Earnings ESP (Expected Surprise Prediction). Members of Margin of Safety Investing get exclusive ideas and guidance to navigate any climate. Advanced Drainage Systems Inc technical analysis, ADS had total liquidity of $247 million, comprised of cash of $20 million as of March 31, 2022 and $227 million of availability under committed credit facilities. Net cash provided by operating activities was $274.9 million, as compared to $452.2 million in the prior year. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures.. the Web site, including, but not limited to Information originated by Zacks Studio, Start a Advanced Drainage Systems (WMS) Quote Overview, Advanced Drainage Systems (WMS) Detailed Earnings Estimates. Coming soon: the most advanced stormwater engineering center in the world. index on US Stock Market : At Walletinvestor.com we predict future values with technical analysis for wide After submitting your information, you will receive an email. If you wish to go to ZacksTrade, click OK. I always refer your site before writing. The Recycling Partnership (www.recyclingpartnership.org) is a national nonprofit organization that leverages corporate partner funding to transform recycling for good in states, cities, and communities all across America. & Mixed Use, Healthcare Thailand's 'most beautiful transgender woman' and husband wear $580K in attire at extravagant wedding, Desperate mountain residents trapped by snow beg for help; 'We are coming,' sheriff says, U.S. court won't require FAA to make airplane seat size, spacing rules, Convicted killer Alex Murdaugh's new mugshot revealed after double life sentence, Rebel Wilson says she was banned from Disneyland for 30 days for taking a bathroom selfie, SoCal in for cool start to weekend, but light rain makes brief return, Deadly storm which slammed southern states to bring snow to Northeast, Will Jacks reflects on whirlwind week in pursuit of England ambitions. publicly available sources. Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries today announced financial results for the fourth quarter and fiscal year ended March 31, 2022. $0.50 per share, and an increase next year of Net debt (total debt and finance lease obligations net of cash) was $924.5 million as of March 31, 2022, an increase of $278.0 million from March 31, 2021. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. +3.05 (3.40%) My thesis is that the company's strong earnings growth is likely to help drive above-average stock growth over the next three years. As a percentage of net sales, Adjusted EBITDA was 24.4% as compared to 28.6% in the prior year. For this reason, looking at a company's recent surprise history can be a great aid in forecasting the surprise likelihood of their next outing. 4640 Trueman Boulevard Hilliard, OH 43026 (800)733-7473, 2018Advanced Drainage Systems, Inc. | 4640 Trueman Blvd, Hilliard, OH | Additional disclosure: The article is for informational purposes only (not a solicitation or recommendation to buy or sell stocks). A positive difference is obviously better than a negative one. This press release includes references to organic results, Adjusted EBITDA and Free Cash Flow, non-GAAP financial measures. While we wait, check out this free list of growing companies with considerable, recent, insider buying. (614) 658-0050 Yes. An online replay will be available on the same website following the call. You must click the link in the email to activate your subscription. Advanced Drainage Systems Inc projections, The live webcast will be accessible via the "Events Calendar section of the Companys Investor Relations website, www.investors.ads-pipe.com. Looking for a helping hand in the market? The larger the percentage increase in estimate revisions, the better. ADS delivers tremendous service to its customers with the industrys largest company-owned fleet, an expansive sales team, and a vast manufacturing network of approximately 70 manufacturing plants and 37 distribution centers. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. . The following tables present a reconciliation of EBITDA and Adjusted EBITDA to Net Income and Free Cash Flow to Cash Flow from Operating Activities, the most comparable GAAP measures, for each of the periods indicated. For example: if the current estimate is $1.10 and the estimate from 60 days ago was $1.00; that would mean positive 10% increase in the estimate revision. The company is showing strength in fiscal Q4 2021 with a 20% increase in net sales. Infiltrator sales increased $154.1 million, or 38.7%, to $551.9 million. While I like the growth prospects for ADS, I would rather wait for the stock to present a better buying opportunity with a lower valuation and a more opportune technical position. View our latest analysis for Advanced Drainage Systems. Double-digit growth was achieved for tanks and leachfield systems. brijesh-patel The company has been striving to increase market share by investing in strategic regions.
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