Advanced Drainage Systems (WMS) Misses Q2 EPS by 9c

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Advanced Drainage Systems Announces Second Quarter Fiscal 2023 Results

November 3, 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 second quarter ended September 30, 2022.

Second Quarter Fiscal 2023 Results

Net sales increased 25.2% to $884.2 million Net income increased 101.0% to $153.4 million Adjusted EBITDA (Non-GAAP) increased 59.7% to $263.2 million

Year-to-Date Fiscal 2023 Results

Net sales increased 30.7% to $1,798.4 million Net income increased 122.8% to $341.9... More