ADS Q4 net sales up 53% to $678.2M; adjusted EBITDA up 78%; dividend raised 9%

ADVANCED DRAINAGE SYSTEMS, INC.

2022-FY EPS reported $3.15 revenue$2,769,315,000

Q4 net sales $678.2M (+52.8% YoY); net income $47.1M (+126.8%); adjusted EBITDA $168.5M (+78.2%).
FY2022 net sales $2,769.3M (+39.7%); net income $275.0M (+21.6%); adjusted EBITDA $676.0M (+19.2%).
Quarterly cash dividend raised 9% to $0.12 per share; payable June 15, 2022 to holders of record June 1, 2022.
Board Chair C. Robert Kidder not standing for re-election; Robert M. Eversole elected as new Chair; Sustainability Committee formed.

item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

C. Robert Kidder

Director

WMS · ADVANCED DRAINAGE SYSTEMS, INC.

Filed: May 19, 2022, 7:59 PM ET

On May 18, 2022, C. Robert Kidder notified the Company’s Board of Directors (the “Board”) his decision not to stand for re-election as a director at the Company’s 2022 annual meeting of stockholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

C. Robert Kidder departed as Director at ADVANCED DRAINAGE SYSTEMS, INC..

Action: not to stand for re-election
Role: Director

Exact text from the filing

On May 18, 2022, C. Robert Kidder notified the Company’s Board of Directors (the “Board”) his decision not to stand for re-election as a director at the Company’s 2022 annual meeting of stockholders.

View on SEC.gov

ADVANCED DRAINAGE SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001604028-22-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.