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Dec 31, 2023
ADS Q3 2024 Earnings Report
ADS's financial performance saw net sales return to growth and achieved a record Adjusted EBITDA margin.
Key Takeaways
Advanced Drainage Systems reported a 1.1% increase in net sales, reaching $662.4 million, and a 28.5% increase in net income, amounting to $106.9 million, for the third quarter of fiscal year 2024. The company's Adjusted EBITDA also increased by 20.3% to $204.2 million, reflecting improved demand and profitability.
Net sales increased by 1.1% to $662.4 million.
Net income rose by 28.5% to $106.9 million.
Adjusted EBITDA increased by 20.3% to $204.2 million.
Adjusted EBITDA margin reached a record 30.8%.
Revenue by Segment
Forward Guidance
The Company updated its financial targets for fiscal 2024. Net sales are now expected to be in the range of $2.800 billion to $2.850 billion. Adjusted EBITDA is expected to be in the range of $880 to $910 million. The outlook for capital expenditures is approximately $200 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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