Advanced Drainage Systems reported a 4.8% increase in net sales, reaching $815.3 million. Net income decreased by 6.7% to $162.3 million, while adjusted EBITDA decreased by 2.1% to $275.5 million. Revenue growth was primarily driven by Allied product sales and the Infiltrator business.
Net sales increased by 4.8% to $815.3 million.
Net income decreased by 6.7% to $162.3 million.
Adjusted EBITDA decreased by 2.1% to $275.5 million.
Domestic construction markets increased 6% overall.
The Company confirmed its financial targets for fiscal 2025. Net sales are now expected to be in the range of $2.925 billion to $3.025 billion. Adjusted EBITDA is expected to be in the range of $940 million to $980 million. Capital expenditures are expected to be in the range of $250 million to $300 million.
Visualization of income flow from segment revenue to net income