Advanced Drainage Systems Inc

Latest Results (15.11.2025):

Advanced Drainage Systems Inc’s financial results for the fourth quarter of Fiscal 2024, ending March 31, 2024, demonstrate solid performance, marked by increased net sales, net income, and adjusted EBITDA compared to the prior year quarter. Despite a challenging environment with overall annual net sales declining, the company posted record profitability and improved margins through effective cost management and operational efficiencies. The report underscores strong Q4 growth and a cautiously optimistic outlook for Fiscal 2025.

Q4 Fiscal 2024 Performance

For the fourth quarter of Fiscal 2024, Advanced Drainage Systems Inc reported net sales of $653.8 million—up 5.9% from the previous year—with net income increasing 10.6% to $95.5 million and diluted net income per share climbing 14.5% to $1.21. Adjusted EBITDA (Non-GAAP) rose 11.2% to $191.2 million, resulting in a new quarterly record EBITDA margin of 29.2%.

Fiscal 2024 Annual Results

For Fiscal 2024 as a whole, the company experienced a 6.4% decline in net sales to $2,874.5 million, largely due to weaker demand in key markets. However, net income improved modestly by 0.4% to $513.3 million, and diluted EPS increased 6.1% to $6.45. Additionally, adjusted EBITDA (Non-GAAP) inched up 2.1% to $922.9 million, aided by improved fixed cost absorption and operational investments.

Outlook and Operational Highlights

Looking ahead to Fiscal 2025, Advanced Drainage Systems Inc anticipates stable demand with volume growth expected in the residential and infrastructure markets. The company is focused on further enhancing EBITDA margins through improved fixed cost absorption and productivity gains, while maintaining its strategic position as a leader in water management solutions.