earnings
confidence high
sentiment negative
materiality 0.60
ADS reports fiscal Q1 net sales up 4.8%, but net income down 6.7%; declares 14% higher dividend
ADVANCED DRAINAGE SYSTEMS, INC.
2024-Q1 EPS reported
$2.06
revenue$815,336,000
- Net sales $815.3M (+4.8% YoY); net income $162.3M (-6.7%); diluted EPS $2.06 (-5.5%).
- Adjusted EBITDA $275.5M (-2.1%); adjusted EPS flat at $2.06; margin 33.8% (down from 36.2%).
- Domestic pipe +2.5% to $431.4M; Allied +7.6%; Infiltrator +5.9%; International +10.4%.
- Quarterly dividend raised 14% to $0.16/share; payable Sept 13, record Aug 30.
- CEO cites IIJA tailwinds and volume growth in infrastructure; unfavorable pricing and costs pressured margins.