Advanced Drainage Systems (WMS) Misses Q3 EPS by 7c, Offers Guidance

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Advanced Drainage Systems Announces Third Quarter Fiscal 2022 Results

February 3, 2022 6:40 AM EST

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 third quarter ended December 31, 2021.

Third Quarter Fiscal 2022 Results

Net sales increased 47.1% to $715.4 million Net income increased 37.8% to $74.5 million Adjusted EBITDA (Non-GAAP) increased 26.9% to $176.2 million

Year-to-Date Fiscal 2022 Results

Net sales increased 35.9% to $2,091.1 million Net... More