Advanced Drainage Systems(US:WMS)2024-02-08 14:44Financial Performance - Revenue increased by 1% to $662 million in Q3 FY24 compared to $655 million in Q3 FY23[13] - Adjusted EBITDA Margin improved significantly to 30.8% in Q3 FY24, a +490 basis points increase from 25.9% in Q3 FY23[11] - The company expects Net Sales for Fiscal Year 2024 to be between $2.8 billion and $2.85 billion, representing a (9%) to (7%) year-over-year change[63] - The company expects Adjusted EBITDA for Fiscal Year 2024 to be between $880 million and $910 million, representing a (3%) to +1% year-over-year change[63] - The company expects Adjusted EBITDA Margin for Fiscal Year 2024 to be between 31.4% and 31.9%, a +200 to +250 basis points change[63] Business Segment Performance - Infiltrator business revenue increased by 17% in Q3 FY24 compared to Q3 FY23[9] - ADS Legacy pipe business revenue decreased by 1% in Q3 FY24 compared to Q3 FY23[9] - Allied Products revenue increased by 5% in Q3 FY24[14] Market and Demand - Infrastructure sector experienced a significant increase of 22% in Q3 FY24[15] - Non-Residential construction decreased by 3% in Q3 FY24[15] - Residential construction increased by 5% in Q3 FY24[15] Cash Flow and Capital Structure - Consolidated Free Cash Flow was $564 million[62]