Advanced Drainage Systems reports FY23 record revenue $3.07B (+10.9%), net income $511.4M (+85.9%), dividend up 17%

ADVANCED DRAINAGE SYSTEMS, INC.

2023-FY EPS reported $6.08 revenue$3,071,121,000

Q4 net sales down 8.9% YoY to $617.6M; net income up 83.1% to $86.3M.
Q4 Adjusted EBITDA $172.0M, up 2.1% YoY; margin 27.8% vs 24.8% prior year.
FY23 diluted EPS $6.08; Adjusted EBITDA $904.0M, up 33.7%.
Free cash flow $540.9M, up $415.1M YoY.
Quarterly cash dividend increased 17% to $0.14 (annual $0.56), payable June 15 to holders of record June 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 the fiscal year ended March 31, 2023 results: revenue $3,071.1 million, net income $511.4 million, EPS $6.08.

Period: the fiscal year ended March 31, 2023
Revenue: $3,071.1 million
Net income: $511.4 million
EPS: $6.08
Result: reported results

Exact text from the filing

Fiscal 2023 Results • Net sales increased 10.9% to $3,071.1 million • Net income increased 85.9% to $511.4 million • Diluted net income per share of $6.08

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2023 results: revenue $617.6 million, net income $86.3 million.

Period: the fourth quarter ended March 31, 2023
Revenue: $617.6 million
Net income: $86.3 million
Result: reported results

Exact text from the filing

Fourth Quarter Fiscal 2023 Results • Net sales decreased 8.9% to $617.6 million • Net income increased 83.1% to $86.3 million • Adjusted EBITDA (Non-GAAP) increased 2.1% to $172.0 million

View on SEC.gov

Browse all earnings releases →

ADVANCED DRAINAGE SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001604028-23-000012

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.