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03.07.2017
Joseph Chlapaty Announces Intention to Retire as CEO of ADS
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that Joseph A. Chlapaty has communicated to the Board of Directors his intention to retire as the Company’ s President, Chief Executive Officer, and Chairman of... Read more...
02.09.2017
Advanced Drainage Systems Announces Quarterly Cash Dividend
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that its Board of Directors has approved a quarterly cash dividend to its shareholders in the amount of $0.06 per share. The quarterly cash dividend of $0.06... Read more...
02.09.2017
Advanced Drainage Systems Announces Stock Repurchase Program
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that its Board of Directors has authorized a stock repurchase program for the repurchase of up to $50 million in shares of the Company’ s common stock. Read more...
02.09.2017
Advanced Drainage Systems Announces Third Fiscal Quarter 2017 Results
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced financial results for the fiscal third quarter ended December 31, 2016.. Net sales decreased 6% to $295 million Net income decreased 21% to $10 million... Read more...
02.06.2017
Advanced Drainage Systems Acquires Plastic Tubing Industries (PTI)
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it has acquired the assets of Plastic Tubing Industries, a manufacturer of HDPE pipe and related accessories, for $9.5 million. With the acquisition, ADS... Read more...
02.02.2017
Advanced Drainage Systems to Announce Third Quarter Fiscal Year 2017 Results on February 9, 2017
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited third quarter fiscal year 2017 financial results before the market opens on February 9, 2017.. Chairman and Chief... Read more...
01.23.2017
New Large Diameter High-Performance Pipe Introduced by Advanced Drainage Systems
Advanced Drainage Systems, Inc., a leading global manufacturer of water management solutions, today announced its latest breakthrough in storm water pipe technology, HPXR TM 75. This new technology provides heightened levels of stiffness, is available in a range of sizes, and yields significant cost benefits for customers compared to alternative products. Read more...
01.12.2017
Advanced Drainage Systems Announces Second Fiscal Quarter 2017 Results
Net sales decreased 6% to $361 million Net income increased 52% to $24 million Adjusted EBITDA increased 3% to $66 million. Net sales decreased 2% to $718 million Net income increased 52% to $44 million Adjusted EBITDA increased 18% to $137 million Cash flow from operating activities increased 169% to $46 million Free cash flow improved to $22 million as... Read more...
01.09.2017
Advanced Drainage Systems to Announce Second Quarter Fiscal Year 2017 Results on January 12, 2017
Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited second quarter fiscal year 2017 financial results before the market opens on January 12, 2017. Prior to the release of... Read more...