ADS Q3 sales $655M (-8.4%); net income $83M (+11.7%); dividend raised 9% to $0.12

ADVANCED DRAINAGE SYSTEMS, INC.

2023-Q3 EPS reported $5.02 revenue$2,453,562,000

Net sales $655.2M (-8.4% YoY); net income $83.2M (+11.7% YoY); adjusted EBITDA $169.7M (-3.6% YoY).
Infiltrator sales fell 30.1% to $103.9M; domestic pipe sales down 6.1% to $375.7M.
Free cash flow $533.6M YTD, up 370% YoY; cash from ops $660.4M, up 240.7%.
Board declared $0.12 quarterly dividend (9% increase over prior year), payable Mar 15, 2023 to holders of record Mar 1, 2023.
Management expects challenging demand for most of calendar 2023; reducing headcount and optimizing network.

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 1.0

ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal third quarter ended December 31, 2022 results: revenue $655.2 million, net income $83.2 million. Guidance reaffirmed.

Period: the fiscal third quarter ended December 31, 2022
Revenue: $655.2 million
Net income: $83.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Third Quarter Fiscal 2023 Results • Net sales decreased 8.4% to $655.2 million • Net income increased 11.7% to $83.2 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ADVANCED DRAINAGE SYSTEMS, INC. reported Year-to-Date Fiscal 2023 results: revenue $2,453.6 million, net income $425.0 million. Guidance reaffirmed.

Period: Year-to-Date Fiscal 2023
Revenue: $2,453.6 million
Net income: $425.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Year-to-Date Fiscal 2023 Results • Net sales increased 17.3% to $2,453.6 million • Net income increased 86.5% to $425.0 million

View on SEC.gov

Browse all earnings releases →

ADVANCED DRAINAGE SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001604028-23-000006

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.