earnings
confidence high
sentiment positive
materiality 0.85
ADS Q1 FY2023: revenue +37% to $914M, net income +144%, raises guidance, dividend up 9%
ADVANCED DRAINAGE SYSTEMS, INC.
2023-Q1 EPS reported
$2.22
revenue$914,186,000
- Net sales $914.2M (+36.6% YoY); net income $188.5M (+144.4%) from $669.3M and $77.0M a year ago.
- Adjusted EBITDA $299.0M (+79.5%); margin expanded to 32.7% from 24.9%.
- Company raises FY 2023 revenue and Adjusted EBITDA guidance citing broad-based strength and share gains.
- Board approved a 9% dividend increase to $0.12/share, payable Sept 15, 2022 to holders of record Sept 1.