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Jun 30, 2023
ADS Q1 2024 Earnings Report
ADS's financial performance exceeded expectations, driven by strong Infiltrator business and Allied products portfolio performance.
Key Takeaways
Advanced Drainage Systems reported a decrease in net sales by 14.9% to $778.0 million and a decrease in net income by 7.7% to $173.9 million for the first quarter of fiscal year 2024. Despite the decrease in sales, the Adjusted EBITDA margin increased to a quarterly record of 36.2%.
Net sales decreased 14.9% to $778.0 million.
Net income decreased 7.7% to $173.9 million.
Adjusted EBITDA decreased 5.9% to $281.3 million.
Adjusted EBITDA margin increased to a new quarterly record of 36.2%.
Revenue by Segment
Forward Guidance
The Company confirmed its financial targets for fiscal 2024.
Positive Outlook
- Net sales are expected to be in the range of $2.600 billion to $2.800 billion.
- Adjusted EBITDA is expected to be in the range of $725 to $825 million.
- Capital expenditures are expected to be in the range of $200 million to $225 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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