Advanced Drainage Systems, Inc. announced its financial results for the fiscal second quarter ended September 30, 2024, on November 8, 2024. Net sales saw a slight increase of 0.3% to $782.6 million, compared to $780.2 million in the prior year quarter.
Diluted net income per share decreased by 2.3% to $1.67, down from $1.71 in the prior year quarter. Adjusted EBITDA also experienced a marginal decrease of 0.3% to $245.6 million, compared to $246.3 million in the previous year, resulting in an Adjusted EBITDA margin of 31.4%.
The company updated its financial targets for fiscal year 2025, now 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 $250 million for the fiscal year.
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