ADS reports record Q2 revenue $884M (+25%); net income up 101%; raises dividend 9%

ADVANCED DRAINAGE SYSTEMS, INC.

2023-Q2 EPS reported $4.01 revenue$1,798,395,000

Net sales $884.2M (+25.2% YoY); net income $153.4M (+101%); adjusted EBITDA $263.2M (+59.7%).
Revenue guidance lowered to original FY2023 range of $3.1B-$3.2B; EBITDA guidance unchanged.
Record Q2 revenue driven by favorable pricing and volume in pipe, septic, allied products; residential and agriculture strength.
Dividend increased 9% to $0.12 per share; payable Dec 15, record Dec 1.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal second quarter ended September 30, 2022 results: revenue $884.2 million, net income $153.4 million. Guidance lowered.

Period: fiscal second quarter ended September 30, 2022
Revenue: $884.2 million
Net income: $153.4 million
Guidance: lowered
Result: reported results

Exact text from the filing

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

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal year-to-date ended September 30, 2022 results: revenue $1,798.4 million, net income $341.9 million. Guidance lowered.

Period: fiscal year-to-date ended September 30, 2022
Revenue: $1,798.4 million
Net income: $341.9 million
Guidance: lowered
Result: reported results

Exact text from the filing

Year-to-Date Fiscal 2023 Results • Net sales increased 30.7% to $1,798.4 million • Net income increased 122.8% to $341.9 million

View on SEC.gov

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ADVANCED DRAINAGE SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001604028-22-000058

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