Advanced Drainage Systems, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2021
August 05, 2021 at 06:40 am EDT
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Advanced Drainage Systems, Inc. announced earnings results for the first quarter ended June 30, 2021. For the first quarter, the company announced sales was USD 669.300 million compared to USD 508.639 million a year ago. Operating income was USD 109.266 million compared to USD 107.098 million a year ago. Net income was USD 75.987 million compared to USD 70.466 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.83 a year ago.
Advanced Drainage Systems, Inc. is engaged in manufacturing water management solutions for the stormwater and onsite septic wastewater industries, which provides superior drainage solutions for use in the construction and agriculture marketplaces. The Company's segments include Pipe, International, Infiltrator and Allied Products & Other. Its Pipe segment manufactures and markets performance thermoplastic corrugated pipe throughout the United States. Its Infiltrator is engaged in providing plastic leach field chambers and systems, septic tanks and accessories, primarily for use in residential applications. International segment manufactures and markets products in regions outside of the United States, with owned facilities in Canada and those markets serviced through its joint ventures in Mexico and South America. The Companyâs Allied Products & Other segment offers adjacent technologies to its core Pipe offering, presenting a complete drainage solution for its clients and customers.
ADVANCED DRAINAGE SYSTEMS, INC. 
