ADS Q4 2024 Earnings Report

ADS reported Q4 2024 earnings with increased net sales and net income.

Key Takeaways

Advanced Drainage Systems (ADS) announced a 5.9% increase in net sales to $653.8 million and a 10.6% increase in net income to $95.5 million for the fourth quarter of fiscal year 2024. Adjusted EBITDA also increased by 11.2% to $191.2 million.

Net sales increased by 5.9% to $653.8 million.

Net income increased by 10.6% to $95.5 million.

Diluted net income per share increased by 14.5% to $1.21.

Adjusted EBITDA increased by 11.2% to $191.2 million.

Total Revenue

$654M

Previous year: $618M

+5.9%

EPS

$1.23

Previous year: $1.06

+16.0%

Gross Profit

$252M

Previous year: $222M

+13.3%

Cash and Equivalents

$490M

Previous year: $217M

+125.7%

Free Cash Flow

$534M

Previous year: $541M

-1.3%

Total Assets

$3.27B

Previous year: $2.9B

+12.7%

ADS Revenue by Segment

Forward Guidance

For fiscal year 2025, the company expects net sales to be in the range of $2.925 billion to $3.025 billion, and adjusted EBITDA 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.

Positive Outlook

Favorable demand driving volume growth in residential and infrastructure markets.
Stability in the non-residential construction market.
Improved fixed cost absorption.
Increasing contributions from previous capital investments.
Effective management of price/cost leading to healthy Adjusted EBITDA margins.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View ADS