Advanced Drainage Systems (WMS) Misses Q2 EPS by 23c, Offers Guidance

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Advanced Drainage Systems Announces Second Quarter Fiscal 2022 Results

November 4, 2021 6:45 AM EDT

HILLIARD, 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 on-site septic waste water industries today announced financial results for the fiscal second quarter ended September 30, 2021.

Second Quarter Fiscal 2022 Results

Net sales increased 29.8% to $706.5 million Net income decreased 5.3% to $76.3 million Adjusted EBITDA (Non-GAAP) decreased 5.3% to $164.8 million

Year-to-Date Fiscal 2022 Results

Net sales increased 30.7% to $1,375.8 million Net... More