Advanced Drainage Systems reports Q4 EPS $1.21, raises dividend 14% to $0.16/quarter

ADVANCED DRAINAGE SYSTEMS, INC.

2024-FY EPS reported $6.45 revenue$2,874,473,000

Q4 net sales $653.8M (+5.9% YoY), net income $95.5M (+10.6%), diluted EPS $1.21 (+14.5%).
Fiscal 2024 net sales $2,874.5M (-6.4%) but Adjusted EBITDA record $922.9M (+2.1%), margin 32.1%.
Quarterly dividend increased 14% to $0.16/share; payable June 14, record May 31, 2024.
Management expects FY2025 volume growth in residential and infrastructure, with margins at least equal to FY2024.

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, 2024 results: revenue $2,874.5 million, net income $513.3 million, EPS $6.45. Guidance initiated.

Period: the fiscal year ended March 31, 2024
Revenue: $2,874.5 million
Net income: $513.3 million
EPS: $6.45
Guidance: initiated
Result: reported results

Exact text from the filing

Fiscal 2024 Results • Net sales decreased 6.4% to $2,874.5 million • Net income increased 0.4% to $513.3 million • Diluted net income per share increased 6.1% to $6.45

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2024 results: revenue $653.8 million, net income $95.5 million, EPS $1.21. Guidance initiated.

Period: the fourth quarter ended March 31, 2024
Revenue: $653.8 million
Net income: $95.5 million
EPS: $1.21
Guidance: initiated
Result: reported results

Exact text from the filing

Fourth Quarter Fiscal 2024 Results • Net sales increased 5.9% to $653.8 million • Net income increased 10.6% to $95.5 million • Diluted net income per share increased 14.5% to $1.21

View on SEC.gov

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Source: SEC EDGAR

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