Advanced Drainage Systems, Inc. Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 20, 2021 at 06:56 am EDT
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Advanced Drainage Systems, Inc. announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced sales was USD 443.809 million compared to USD 370.768 million a year ago. Operating income was USD 32.890 million compared to USD 6.759 million a year ago. Net income was USD 19.754 million compared to USD 2.305 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.01 a year ago. For the full year, sales was USD 1,982.780 million compared to USD 1,673.805 million a year ago. Operating income was USD 344.525 million compared to operating loss of USD 95.349 million a year ago. Net income was USD 224.230 million compared to net loss of USD 193.174 million a year ago. Basic earnings per share from continuing operations was USD 2.64 compared to basic loss per share from continuing operations of USD 3.21 a year ago. Diluted earnings per share from continuing operations was USD 2.59 compared to diluted loss per share from continuing operations of USD 3.21 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. 
