WMS - Advanced Drainage Systems Analysts Boost Their Forecasts Following Q4 Results | Benzinga
Advanced Drainage Systems, Inc. (NYSE:WMS) posted upbeat results for its fourth quarter and raised its dividend on Thursday.
Advanced Drainage Systems posted GAAP earnings of $1.21 per share, beating market estimates of $1.01 per share. The company's quarterly sales came in at $653.840 million versus expectations of $610.832 million, according to data from Benzinga Pro.
Advanced Drainage Systems raised its quarterly cash dividend by 14% to 16 cents per share.
Scott Barbour, President and Chief Executive Officer of ADS commented, “Fiscal 2024 was ADS’ ninth consecutive year of record profitability. Adjusted EBITDA increased 2% to $923 ...