We are closely monitoring our end markets, staying close to our distribution partners, and will stay focused on executing the fiscal 2023 plan.". According to analysts' consensus price target of $124.60, Advanced Drainage Systems has a forecasted upside of 40.6% from its current price of $88.62. Further, owners, employees, agents or representatives of Financhill are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory. All preferred shares were converted to common shares within thirty days following the March 31, 2022 ESOP loan repayment; and the remaining shares of unallocated preferred stock will be allocated to the participants of the ESOP. ADS recycles more than 550 million pounds of plastic and avoids 730 million pounds of greenhouse gas emissions every year. Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. Please disable your ad-blocker and refresh. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: fluctuations in the price and availability of resins and other raw materials and our ability to pass any increased costs of raw materials on to our customers in a timely manner; volatility in general business and economic conditions in the markets in which we operate, including the adverse impact on the U.S. and global economy of the COVID-19 global pandemic, and the impact of COVID-19 in the near, medium and long-term on our business, results of operations, financial position, liquidity or cash flows, and other limitation factors relating to availability of credit, interest rates, fluctuations in capital and business and consumer confidence; cyclicality and seasonality of the non-residential and residential construction markets and infrastructure spending; the risks of increasing competition in our existing and future markets, including competition from both manufacturers of high performance thermoplastic corrugated pipe and manufacturers of products using alternative materials, and our ability to continue to convert current demand for concrete, steel and PVC pipe products into demand for our high performance thermoplastic corrugated pipe and Allied Products; uncertainties surrounding the integration and realization of anticipated benefits of acquisitions and similar transactions, including Infiltrator Water Technologies; the effect of weather or seasonality; the loss of any of our significant customers; the risks of doing business internationally; the risks of conducting a portion of our operations through joint ventures; our ability to expand into new geographic or product markets, including risks associated with new markets and products associated with our recent acquisition of Infiltrator Water Technologies; our ability to achieve the acquisition component of our growth strategy; the risk associated with manufacturing processes; our ability to manage our assets; the risks associated with our product warranties; our ability to manage our supply purchasing and customer credit policies; our ability to control labor costs and to attract, train and retain highly-qualified employees and key personnel; our ability to protect our intellectual property rights; changes in laws and regulations, including environmental laws and regulations; the risks associated with our current levels of indebtedness, including borrowings under our existing credit agreement and outstanding indebtedness under our existing senior notes; fluctuations in our effective tax rate, including from the Tax Cuts and Jobs Act of 2017; our ability to meet future capital requirements and fund our liquidity needs; and other risks and uncertainties described in the Companys filings with the SEC. President and Chief Executive Officer, Scott Barbour, and Chief Financial Officer, Scott Cottrill, will host a conference call and webcast on February 2, 2023, at 10:00 a.m. Infiltration, Onsite WMS forecast tomorrow, Advanced Drainage Systems is a leading manufacturer of innovative stormwater and onsite septic wastewater solutions that manages the worlds most precious resource: water. All three indicators lined up to show a positive change in trend at the beginning of April. Domestic pipe sales increased $496.0 million, or 46.8%, to $1,555.2 million. Advanced Drainage Systems is a company with strong above-average earnings growth. Advanced Drainage Systems, Inc. (NYSE: WMS) Q3 2023 Earnings Call Transcript February 2, 2023. Advanced Drainage Systems (NYSE:WMS) has a positive growth outlook as a designer and manufacturer of thermoplastic corrugated pipes and related water management products and drainage solutions. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Those looking to get drainage projects completed are likely to consider the ease of installation, effectiveness, and cost benefits of using HDPE. and Specialty, Water change will be Is Advanced Drainage Systems A Buy Over The Next 30 Days? Certain statements in this press release may be deemed to be forward-looking statements. By dividing the most accurate estimate (as calculated by Zacks) by the consensus estimate, you can see the difference between the two. HILLIARD, Ohio--(BUSINESS WIRE)-- This is an estimated date of earnings release. To receive notifications via email, enter your email address and select at least one subscription below. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Rather, the share price has approximately tracked EPS growth. NASDAQ data is at least 15 minutes delayed. In addition, the Company recorded $19.2 million of non-cash, stock-based compensation expense in Cost of goods sold - ESOP acceleration expense as described below under the heading "Employee Stock Ownership Plan (ESOP)". If you are looking for stocks with good return, Advanced Drainage Systems Inc stock An archived version of the webcast will be available following the call. Also refer for more: Coal India share price target. The content on any of Financhill websites, products or communication is for educational purposes only. In the twelve months ended March 31, 2022, the Company repurchased 2.6 million shares of its common stock for a total cost of $292.0 million. David told investors to buy in March 2009 at the bottom of the financial crisis. source: ADS Q4 2021 Investor Presentation. The live webcast will be accessible via the "Events Calendar section of the Companys Investor Relations website, www.investors.ads-pipe.com. Looking for a helping hand in the market? 337927). Homebuilders have been acquiring more land to help fill the void of low inventory of existing homes for sale on the market. Founded in 1966, the Company operates a global network of 63 manufacturing plants and 32 distribution centers. For example: if the current estimate is $1.10 and the estimate from 60 days ago was $1.00; that would mean positive 10% increase in the estimate revision. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. The increase in gross profit is primarily due to the increase in sales volume and favorable pricing on pipe, on-site septic and allied products. ADS management uses non-GAAP measures in its analysis of the Companys performance. Studio, Start a & Mixed Use, Healthcare HILLIARD, Ohio, January 13, 2023--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS" or the "Company"), a leading manufacturer of stormwater and onsite septic wastewater management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited financial results for the fiscal third quarter ended December 31, 2022, before the market opens on February 2, 2023. Trading stocks, options and other securities involves risk. The following tables present a reconciliation of EBITDA and Adjusted EBITDA to Net Income and Free Cash Flow to Cash Flow from Operating Activities, the most comparable GAAP measures, for each of the periods indicated. Registration is open through the live call. Your adding value on me and also support me to wrote more post on my blog. An online replay will be available on the same website following the call. Gross profit increased $63.0 million, or 49.5%, to $190.2 million as compared to $127.2 million in the prior year. ThanksYou can refer for more: Kotak Mahindra bank Blue Hat Interactive Entertainment (BHAT) Stock Forecast, AMC Entertainment Holdings Inc (AMC) Stock Forecast, Microsoft Corporation (MSFT) Stock Forecast, Meta Platforms Inc. 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Domestic pipe sales increased $157.5 million, or 65.8%, to $396.7 million. $0.50 per share, and an increase next year of It is important to consider the total shareholder return, as well as the share price return, for any given stock. The most important thing for savvy investors to consider is whether the underlying business can justify the share price gain. Pipe, fittings, drainage structures, chambers and leaching systems offering high-performance that lasts. Net sales increased $234.4 million, or 52.8%, to $678.2 million, as compared to $443.8 million in the prior year quarter. WMS stock price predictions 2023, A high-level overview of Advanced Drainage Systems, Inc. (WMS) stock. Zacks Premium Subscription Required Learn more. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.