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WMS Advanced Drainage Systems

Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 60 manufacturing plants and 30 distribution centers.

Company profile

Ticker
WMS
Exchange
CEO
D. Scott Barbour
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
ADS Ventures, Inc. • StormTech LLC • ADS Worldwide, Inc. • ADS Corporativo, S.A. • ADS Europe Holding B.V. • ADS Europe B.V. • ADS International, Inc. • ADS Mexicana, S.A. • ADSM Centro América, S.A. • Hancor of Canada, Inc. ...

WMS stock data

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Calendar

4 Nov 21
24 Jan 22
31 Mar 22
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.01M 14.01M 14.01M 14.01M 14.01M 14.01M
Cash burn (monthly) 42.94M 15.82M (positive/no burn) (positive/no burn) 3.16M (positive/no burn)
Cash used (since last report) 164.08M 60.46M n/a n/a 12.06M n/a
Cash remaining -150.07M -46.45M n/a n/a 1.94M n/a
Runway (months of cash) -3.5 -2.9 n/a n/a 0.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Dec 21 Robert M Klein Common Stock Option exercise Acquire M No No 15.74 6,353 100K 120,686
20 Dec 21 Robert M Klein Option to Purchase Common Stock Common Stock Option exercise Dispose M No No 15.74 6,353 100K 2,881
14 Dec 21 Fischer Alexander R Common Stock Sell Dispose S No No 129.5622 2,500 323.91K 19,090
14 Dec 21 Berkshire Partners Common Stock Sell Dispose S No No 125.25 10,116 1.27M 62,107
14 Dec 21 Berkshire Partners Common Stock Sell Dispose S No No 125.25 10,114 1.27M 63,995
14 Dec 21 Berkshire Partners Common Stock Sell Dispose S Yes No 125.25 729,770 91.4M 6,367,265
14 Dec 21 Anil Seetharam Common Stock Sell Dispose S Yes No 125.25 10,116 1.27M 62,107
14 Dec 21 Anil Seetharam Common Stock Sell Dispose S Yes No 125.25 10,114 1.27M 63,995
14 Dec 21 Anil Seetharam Common Stock Sell Dispose S Yes No 125.25 729,770 91.4M 6,367,265
14 Dec 21 Jones Ross M Common Stock Sell Dispose S Yes No 125.25 10,116 1.27M 62,107

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 284 275 +3.3%
Opened positions 48 51 -5.9%
Closed positions 39 39
Increased positions 116 89 +30.3%
Reduced positions 82 92 -10.9%
13F shares
Current Prev Q Change
Total value 9.12B 9.31B -2.0%
Total shares 88.87M 86.3M +3.0%
Total puts 25.1K 48.3K -48.0%
Total calls 65.9K 71.2K -7.4%
Total put/call ratio 0.4 0.7 -43.9%
Largest owners
Shares Value Change
Advanced Drainage Systems, Inc. Employee Stock Ownership Plan 15.35M $1.28B 0.0%
Berkshire Partners 7.88M $889.48M -15.6%
Berkshire Partners 5.25M $567.71M -15.6%
Vanguard 4.46M $482.53M -5.4%
Select Equity 3.49M $377.42M -1.8%
Bovill USA 3.31M $0 0.0%
Canada Pension Plan Investment Board 3.23M $349.2M +2717.0%
IPXAF Impax Asset Management 2.98M $321.04M +10.1%
BLK Blackrock 2.92M $315.66M -1.8%
IVZ Invesco 2.92M $315.59M +9.6%
Largest transactions
Shares Bought/sold Change
Canada Pension Plan Investment Board 3.23M +3.11M +2717.0%
Pictet Asset Management 1.51M +1.51M NEW
Pictet Asset Management 0 -1.5M EXIT
Berkshire Partners 7.88M -1.46M -15.6%
Berkshire Partners 5.25M -969.32K -15.6%
Boston Partners 816.2K +816.2K NEW
Stockbridge Partners 2.64M -486.67K -15.6%
ZFSVF Zurich Insurance 429.58K +429.58K NEW
Citadel Advisors 4.05K -420.02K -99.0%
Millennium Management 83.56K -359.99K -81.2%

Financial report summary

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Competition
Forterra
Risks
  • Fluctuations in the price and availability of resins, our principal raw materials, and our inability to obtain adequate supplies of resins from suppliers and pass on resin price increases to customers could adversely affect our business, financial condition, results of operations and cash flows.
  • The COVID-19 pandemic, efforts to mitigate the pandemic, and the related weakening economic conditions, could have a significant negative impact on our operations, liquidity, financial condition and financial results.
  • Any disruption or volatility in general business and economic conditions in the markets in which we operate could have a material adverse effect on the demand for our products and services.
  • Demand for our products and services could decrease if we are unable to compete effectively, and our success depends largely on our ability to convert current demand for competitive products into demand for our products.
  • Our results of operations could be adversely affected by the effects of weather.
  • The loss of any of our significant customers could adversely affect our business.
  • Because our business is working capital intensive, we rely on our ability to manage our supply purchasing and customer credit policies.
  • We may be unable to successfully integrate our and Infiltrator’s businesses in order to realize the anticipated benefits of the acquisition or do so within the intended timeframe.
  • Our international operations expose us to political, economic and regulatory risks not normally faced by businesses that operate only in the United States. As a result of our international operations, we could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar foreign anti-corruption laws.
  • Conducting a portion of our operations through joint ventures exposes us to risks and uncertainties, many of which are outside of our control.
  • We may not be able to successfully expand into new product or geographic markets.
  • Increased fuel and energy prices, and our inability to obtain sufficient quantities of fuel to operate our in-house delivery fleet.
  • Internally manufacturing our products at our own facilities subjects our business to risks associated with manufacturing processes.
  • The nature of our business exposes us to construction defect and product liability claims as well as other legal proceedings.
  • Our operations are affected by various laws and regulations in the markets in which we operate, including government mandated regulatory product standards, and our failure to obtain or maintain approvals by municipalities, state departments of transportation, engineers and developers may affect our results of operations.
  • Interruptions in the proper functioning of information technology systems could disrupt operations and cause unanticipated increases in costs, decreases in revenues, or both. The implementation of our technology initiatives could disrupt our operations in the near term, and our technology initiatives might not provide the anticipated benefits or might fail.
  • Cybersecurity attacks may threaten our confidential information, disrupt operations and result in harm to our reputation and adversely impact our business and financial performance.
  • Our success depends upon our ability to control labor costs and to attract, train and retain highly qualified employees and key personnel.
  • If we are unable to protect our intellectual property rights, or we infringe on the intellectual property rights of others, our ability to compete could be negatively impacted.
  • We could incur significant costs in complying with environmental, health and safety laws or permits or as a result of satisfying any liability or obligation imposed under such laws or permits.
  • We may be affected by global climate change or by legal, regulatory or market responses to such potential change.
  • Our level of indebtedness could adversely affect our business, financial conditions or results of operations and prevent us from fulfilling our obligations under the agreements governing the terms of our indebtedness.
  • Future sales of shares by existing stockholders, including our Employee Stock Ownership Plan, could cause our stock price to decline.
  • Our directors, officers and principal stockholders have significant voting power and may take actions that may not be in the best interests of our other stockholders. The trustee of our ESOP has certain limited powers to vote a large block of shares on matters presented to stockholders for approval.
  • Anti-takeover provisions in our charter documents and Delaware law could discourage, delay or prevent a change in control of us and may affect the trading price of our common stock.
Management Discussion
  • Our consolidated net sales for the three months ended September 30, 2021 increased by $162.3 million, or 29.8%, compared to the same period in fiscal 2021. The increase in net sales was primarily a result of growth in our domestic Pipe along with both the Infiltrator and International segments.
  • Our Pipe segment experienced growth primarily through improved pricing/mix of products sold. Infiltrator achieved growth through improved price/mix of products sold and higher volumes associated with the residential market. The increase in our International segment was driven by growth in the Canadian and Mexican businesses. Growth in Allied Products & Other was driven mainly by improved price/mix of products offerings.
  • Our consolidated Cost of goods sold for the three months ended September 30, 2021 increased by $168.1 million, or 49.7%, and our consolidated Gross profit decreased by $5.8 million, or 2.8%, compared to the same period in fiscal 2021. The decrease in our gross profit was due to inflationary pressures of higher material and transportation costs along with higher manufacturing costs partially offset by an increase in net sales from improved pricing.
Content analysis
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New words: diesel, October, Ultimate
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