ADS Q3 revenue up 1.1% to $662.4M; adj EPS $1.37 (+35.6%); raises dividend 17%

ADVANCED DRAINAGE SYSTEMS, INC.

2023-Q3 EPS reported $5.24 revenue$2,220,633,000

Net sales $662.4M (+1.1% YoY); net income $106.9M (+28.5%); diluted EPS $1.34.
Adjusted EBITDA $204.2M (+20.3%); record margin 30.8% vs 25.9% prior year.
Infiltrator sales +16.8% to $103.9M; domestic pipe -5.2% to $346.1M.
Company updated guidance reflecting improved demand; non-residential remains uncertain.
Board approved quarterly cash dividend $0.14/share (+17% YoY), payable March 15.

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 third quarter ended December 31, 2023 results: revenue $662.4 million, net income $106.9 million, EPS $1.34. Guidance reaffirmed.

Period: fiscal third quarter ended December 31, 2023
Revenue: $662.4 million
Net income: $106.9 million
EPS: $1.34
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Net sales increased 1.1% to $662.4 million • Net income increased 28.5% to $106.9 million • Net income per diluted share increased 35.4% to $1.34

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADVANCED DRAINAGE SYSTEMS, INC. reported year-to-date Fiscal 2024 results: revenue $2,220.6 million, net income $417.8 million, EPS $5.24. Guidance reaffirmed.

Period: year-to-date Fiscal 2024
Revenue: $2,220.6 million
Net income: $417.8 million
EPS: $5.24
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Year-to-Date Fiscal 2024 Results • Net sales decreased 9.5% to $2,220.6 million • Net income decreased 1.7% to $417.8 million • Net income per diluted share increased 4.4% to $5.24

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Source: SEC EDGAR

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