ADVANCED DRAINAGE SYSTEMS Reports Fourth Quarter FY2023 Earnings Results on March 31, 2023.
May 25, 2023
Earnings Overview
On May 18 2023, ADVANCED DRAINAGE SYSTEMS ($NYSE:WMS) reported their earnings results for the fourth quarter of FY2023, ending on March 31 2023. Total revenue for the quarter amounted to USD 617.6 million, representing an 8.9% decrease compared to the same period last year. The net income for the quarter, however, rose significantly by 85.5% year over year, reaching USD 85.9 million.
Price History
The company’s shares opened the day at $90.5 and closed at $98.4, registering a positive increase of 11.0% from the previous day’s closing price of 88.7. The surge in company’s stock prices came after the announcement of its four quarter FY2023 financial results, which showed good performance across sectors. ADVANCED DRAINAGE SYSTEMS’ operational efficiency was also impressive during the period. Overall, ADVANCED DRAINAGE SYSTEMS’ fourth quarter FY2023 earnings results have been well-received by investors, evidenced by the surge in the company’s share prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WMS. More…
| Total Revenues | Net Income | Net Margin |
| 3.07k | 507.09 | 16.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WMS. More…
| Operations | Investing | Financing |
| 707.81 | -214.48 | -296.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WMS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.9k | 1.91k | 12.38 |
Key Ratios Snapshot
Some of the financial key ratios for WMS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.4% | 46.1% | 23.7% |
| FCF Margin | ROE | ROA |
| 17.6% | 43.8% | 15.7% |
Analysis
Recently, GoodWhale conducted an analysis of ADVANCED DRAINAGE SYSTEMS’s well-being and the results are in. Based on our Risk Rating, it is determined that ADVANCED DRAINAGE SYSTEMS is a medium risk investment in terms of financial and business aspects. Furthermore, GoodWhale has detected three risk warnings in ADVANCED DRAINAGE SYSTEMS’s income sheet, balance sheet, and non-financial aspects. If you’d like to know more about what these risks are, be sure to register on GoodWhale.com. Our robust data analysis tools can give you a more detailed breakdown of the risks involved with investing in ADVANCED DRAINAGE SYSTEMS. More…
Peers
The company’s products are used in a variety of applications, including residential, commercial, and industrial. Advanced Drainage Systems Inc’s main competitors are JELD-WEN Holding Inc, Murray And Roberts Holdings Ltd, Deceuninck NV.
– JELD-WEN Holding Inc ($NYSE:JELD)
JELD-WEN Holding Inc is a company that manufactures and sells doors and windows. The company has a market cap of 715.36M as of 2022 and a Return on Equity of 18.13%. JELD-WEN has a strong focus on shareholder value and has a history of paying dividends. The company is headquartered in Charlotte, North Carolina.
– Murray And Roberts Holdings Ltd ($OTCPK:MURSF)
Murray & Roberts Holdings Ltd is a South African company that operates in the engineering and construction industry. The company has a market cap of 92.75M as of 2022 and a Return on Equity of 8.08%. Murray & Roberts is involved in a variety of engineering and construction projects, both in South Africa and internationally. The company has a long history dating back to 1902, and has been a major player in the South African construction industry for many years.
– Deceuninck NV ($LTS:0MEL)
Deceuninck NV is a Belgian company that manufactures and sells PVC-based products. The company has a market capitalization of 278.92 million as of 2022 and a return on equity of 9.83%. Deceuninck NV manufactures and sells a wide range of PVC-based products, including windows, doors, and Conservatory products. The company also offers a variety of services, such as installation and maintenance.
Summary
ADVANCED DRAINAGE SYSTEMS reported their fourth quarter of FY2023 earnings results on March 31 2023. Revenue for the quarter was USD 617.6 million, a decrease of 8.9% year over year.
However, net income rose significantly by 85.5%, rising to USD 85.9 million. This caused the stock price to move up the same day, providing a good opportunity for investors looking for returns. Investors should keep an eye on the company’s financials and potential future performance to make a decision on whether to invest in ADVANCED DRAINAGE SYSTEMS.
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