Increase in Net Sales
Net sales increased by 4% to $691 million, including the acquisition of Orenco.
Residential Market Growth
Sales in the residential market, which are about 35% of total revenue, increased by 9%.
Non-Residential Market Performance
Sales in the non-residential market increased by 7% as demand improved, which is about 45% of total sales.
Expansion in Georgia
Broke ground on an expansion of the ADS recycling facility in Cordele, Georgia, to increase recycling capacity.
Orenco Acquisition Contribution
Orenco contributed $25 million of sales in the period, slightly ahead of expectations.
Positive Outlook for Infrastructure
Despite a decline, the infrastructure market is positioned well with favorable long-term indicators.