Advanced Drainage Systems (WMS) Misses Q3 EPS by 20c

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Advanced Drainage Systems Announces Third Quarter Fiscal 2023 Results

February 2, 2023 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 onsite septic wastewater industries today announced financial results for the fiscal third quarter ended December 31, 2022.

Third Quarter Fiscal 2023 Results

Net sales decreased 8.4% to $655.2 million Net income increased 11.7% to $83.2 million Adjusted EBITDA (Non-GAAP) decreased 3.6% to $169.7 million

Year-to-Date Fiscal 2023 Results

Net sales increased 17.3% to $2,453.6 million Net income increased 86.5% to $425.0... More