Advanced Drainage Systems, Inc. released its financial results for the fiscal third quarter ended December 31, 2024, on February 6, 2025. Net sales increased by 4.3% to $690.5 million, compared to $662.4 million in the prior year quarter.
Diluted net income per share decreased by 22.3% to $1.04, down from $1.34 in the prior year quarter. Adjusted EBITDA also decreased by 6.2% to $191.5 million, compared to $204.2 million in the previous year, resulting in an Adjusted EBITDA margin of 27.7%.
The company confirmed its previously issued financial targets for fiscal year 2025, expecting net sales in the range of $2.900 billion to $2.975 billion and Adjusted EBITDA between $880 million and $920 million. Capital expenditures are projected to be approximately $225 million for the fiscal year.
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