Advanced Drainage Systems, Inc. Common Stock (WMS)
125.13
+4.70 (3.90%)
Advanced Drainage Systems Inc is a leading manufacturer of water management solutions, specializing in the production of high-performance thermoplastic corrugated pipes and related products
The company provides innovative drainage solutions for a variety of applications, including residential, commercial, agricultural, and municipal projects. By focusing on sustainability and efficient water management, Advanced Drainage Systems seeks to enhance the effectiveness of stormwater management and reduce environmental impact, while offering a wide range of products designed to improve infrastructure resilience and performance. Through its commitment to technology and customer service, it aims to support the growing demand for effective drainage systems in both domestic and international markets.
Water management company Advanced Drainage Systems (NYSEWMS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 4.3% year on year to $690.5 million. The company expects the full year’s revenue to be around $2.94 billion, close to analysts’ estimates. Its non-GAAP profit of $1.09 per share was 9.8% below analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the hvac and water systems industry, including Advanced Drainage (NYSEWMS) and its peers.
What a brutal six months it’s been for Advanced Drainage. The stock has dropped 26.7% and now trades at $114.33, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at A. O. Smith (NYSEAOS) and the best and worst performers in the hvac and water systems industry.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at hvac and water systems stocks, starting with Carrier Global (NYSECARR).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how AAON (NASDAQAAON) and the rest of the hvac and water systems stocks fared in Q3.
Water management company Advanced Drainage Systems (NYSEWMS) fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $782.6 million. The company’s full-year revenue guidance of $2.94 billion at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP profit of $1.70 per share was also 10.2% below analysts’ consensus estimates.
These 10 stocks had the biggest drop last week, with McKesson Corporation, BIO-TECHNE Corp, and Warner Bros. Discovery, Inc. being the worst performers.
Coming off the somewhat unexpected boost to the Atlanta Fed’s GDPNow model to 2.9% for the current quarter following ISM’s July Non-Manufacturing Index on Tuesday, we have yet another empty day of fresh economic data.
