WMS - Advanced Drainage Systems' (WMS) Q3 2024 Earnings Call Transcript
2024-02-08 14:41:05 ET
Advanced Drainage Systems, Inc. (WMS)
Q3 2024 Earnings Conference Call
February 8, 2024 10:00 am ET
Company Participants
Mike Higgins - VP of Corporate Strategy & IR
Scott Barbour - President and CEO
Scott Cottrill - EVP and CFO
Conference Call Participants
David Tarantino - KeyBanc Capital Markets
Bryan Blair - Oppenheimer
Matthew Bouley - Barclays
Garik Shmois - Loop Capital
Joe Ahlersmeyer - Deutsche Bank
John Lovallo - UBS
Noah Merkousko - Stephens, Inc.
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to Advanced Drainage Systems Third Quarter of Fiscal 2024 Results Conference Call. At this time, all participants are in listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions].
I'd now like to turn the presentation over to your host for today's call, Mr. Mike Higgins, Vice President of Corporate Strategy and Investor Relations. Sir, you may begin.
Mike Higgins
Thank you. Good morning, everyone. Thanks for joining us today. With me today, I have Scott Barbour, our President and CEO; and Scott Cottrill, our CFO. I would also like to remind you that we will discuss forward-looking statements. Actual results may differ materially from those forward-looking statements, because of various factors, including those discussed in our press release, and the risk factors identified in our Form 10-K filed with the SEC. While we may update forward-looking statements in the future, we disclaim any obligation to do so. You should not place undue reliance on these forward-looking statements, all of which speak only as of today.
Lastly, the press release we issued earlier this morning is posted on the Investor Relations section of our website. A copy of the release has also been included in an 8-K submitted to the SEC. We will make a replay of this conference call available via webcast on the company website.
With all of that said, I'll turn the call over to Scott Barbour.
Scott Barbour
Thank you, Mike, and good morning, everyone. Thank you all for joining us on today's call. ADS had a very strong third quarter, generating better-than-expected growth and profitability as we saw the return to volume growth for the first time in several quarters. But before we get into the details, let me provide a bit of context to connect our water markets and the resiliency of the business model as we have navigated the last 18 months. As you know, ADS and Infiltrator are both highly relevant pure-play water companies and we play a critical role in developing sustainable water management solutions to protect and manage water, the world's most precious resource....
Advanced Drainage Systems' (WMS) Q3 2024 Earnings Call Transcript