Advanced Drainage Systems (WMS) Tops Q1 EPS by 77c

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Go back to Advanced Drainage Systems (WMS) Tops Q1 EPS by 77c

Advanced Drainage Systems Announces First Quarter Fiscal 2023 Results

August 4, 2022 6:40 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 onsite septic wastewater industries today announced financial results for the fiscal first quarter ended June 30, 2022.

First Quarter Fiscal 2023 Results

Net sales increased 36.6% to $914.2 million Net income increased 144.4% to $188.5 million Adjusted EBITDA (Non-GAAP) increased 79.5% to $299.0 million

Scott Barbour, President and Chief Executive Officer of ADS commented, "We achieved record... More