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Mar 31, 2022
ADS Q4 2022 Earnings Report
ADS reported a strong Q4 2022 with significant sales and income growth.
Key Takeaways
Advanced Drainage Systems (ADS) announced strong financial results for the fourth quarter and fiscal year ended March 31, 2022. Net sales increased by 52.8% to $678.2 million, and net income increased by 126.8% to $47.1 million. The company's performance was driven by favorable pricing and volume growth in domestic construction markets.
Net sales increased 52.8% to $678.2 million.
Net income increased 126.8% to $47.1 million.
Adjusted EBITDA increased 78.2% to $168.5 million.
Domestic pipe sales increased 65.8% to $396.7 million.
ADS
ADS
ADS Revenue by Segment
Revenue by Segment
Pipe Revenue
CapyFin.comInfiltrator Revenue
CapyFin.comInternational Pipe Revenue
CapyFin.comInternational Allied Products & Other Revenue
CapyFin.comAllied Products & Other Revenue
CapyFin.com Forward Guidance
The Company issued the following targets for fiscal 2023: Net sales are expected to be in the range of $3.100 billion to $3.200 billion. Adjusted EBITDA is expected to be in the range of $800 to $820 million. Capital expenditures are expected to be in the range of $150 million to $180 million.
Positive Outlook
- Net sales are expected to be in the range of $3.100 billion to $3.200 billion.
- Adjusted EBITDA is expected to be in the range of $800 to $820 million.
- Capital expenditures are expected to be in the range of $150 million to $180 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income