ADS Q3 2022 Earnings Report
Key Takeaways
Advanced Drainage Systems reported a 47.1% increase in net sales to $715.4 million and a 37.8% increase in net income to $74.5 million for the third quarter of fiscal year 2022. The company's performance was driven by favorable pricing and double-digit volume growth in the domestic construction markets.
Net sales increased 47.1% to $715.4 million.
Net income increased 37.8% to $74.5 million.
Adjusted EBITDA increased 26.9% to $176.2 million.
Company raised its net sales targets for fiscal 2022.
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ADS Revenue by Segment
Forward Guidance
Net sales are now expected to be in the range of $2.675 billion to $2.725 billion. Adjusted EBITDA is unchanged and expected to be in the range of $635 to $665 million. Capital expenditures are expected to be in the range of $130 million to $150 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income