Advanced Drainage Systems (WMS) Misses Q4 EPS by 11c, Revenue Beats, Offers Guidance

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Go back to Advanced Drainage Systems (WMS) Misses Q4 EPS by 11c, Revenue Beats, Offers Guidance

Advanced Drainage Systems Announces Fourth Quarter and Fiscal Year 2022 Results

May 19, 2022 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 fourth quarter and fiscal year ended March 31, 2022.

Fourth Quarter Fiscal 2022 Results

Net sales increased 52.8% to $678.2 million Net income increased 126.8% to $47.1 million Adjusted EBITDA (Non-GAAP) increased 78.2% to $168.5 million

Fiscal 2022 Results

Net sales increased 39.7% to $2,769.3... More