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Advanced Drainage Systems ( (WMS) ) just unveiled an update.
On February 6, 2025, Advanced Drainage Systems announced its fiscal third quarter results for the period ending December 31, 2024. The company’s net sales increased by 4.3% to $690.5 million, driven by demand in construction markets despite a decrease in domestic pipe sales. However, net income decreased by 23% to $82.3 million, impacted by unfavorable pricing and material costs. The acquisition of Orenco Systems expanded ADS’s offering in decentralized wastewater management, contributing to sales growth. With increasing concerns about stormwater infrastructure, ADS is focused on growing its leadership in water management solutions while expanding capacity and investing in sustainable growth.
More about Advanced Drainage Systems
Advanced Drainage Systems, Inc. is a leading provider of innovative water management solutions, specializing in stormwater and onsite septic wastewater industries.
YTD Price Performance: 1.47%
Average Trading Volume: 687,609
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.99B
Learn more about WMS stock on TipRanks’ Stock Analysis page.
