131.01
+5.39%
Close of 9 Nov 2026, in USD
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About Advanced Drainage Systems
From its filings with the US Securities and Exchange Commission
Advanced Drainage Systems is based in Hilliard, Ohio and is incorporated in Delaware. Its shares trade on NYSE under the ticker WMS. The SEC classifies its business as plastics foam products. In the fiscal year to 31 March 2026, it reported revenue of $3.05bn and net income of $426.5m. At that date it held total assets of $4.51bn and shareholders' equity of $1.86bn.
ADS is the leading manufacturer of innovative water management solutions in the stormwater and onsite wastewater industries, providing superior drainage solutions to manage the world’s most precious resource: water. Our innovative products are used across a broad range of end markets and applications, including residential, non-residential, infrastructure and agriculture applications. We have established a leading position in many of these end markets by leveraging our national sales and distribution platform, market share model, industry-acclaimed engineering support, overall product breadth and scale plus manufacturing excellence. Our best-in-class product portfolio, go-to-market strategy and material conversion strategy helped drive consistent above market growth.
On February 2, 2026, we completed the acquisition of National Diversified Sales (“NDS”). NDS is a leading designer and manufacturer of residential stormwater and drainage solutions focused on managing surface and subsurface water around homes. NDS develops durable, easy‑to‑install products that help homeowners and contractors control runoff, prevent water damage, and protect landscapes and foundations. This combination brings together complementary water management solutions to expand our offerings. By adding NDS’ expertise in residential water management solutions, access boxes and irrigation to our product portfolio, we further enhance our capabilities as a comprehensive provider of full-scale water management solutions.
Quoted from its 10-K, filed 21 May 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Building Products
- Listed since
- 25 Jul 2014
- Employees
- 6,425
- Website
- ads-pipe.com ↗
- Head office
- 4024 GREEN STRIPE LANE, HILLIARD, OH
- Incorporated in
- DE
- Classification
- Plastics Foam Products
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Robert EversoleIndependent Chairman of the Board$395,366
- Mr. D. Scott BarbourPresident, Chief Executive Officer, Director, since 2017$7.4m
- Mr. Scott CottrillChief Financial Officer, Executive Vice President, Secretary$2.7m
- Mr. Kevin TalleyExecutive Vice President, Chief Administrative Officer$1.7m
- Mr. Bret MartzExecutive Vice President - Sales
- Mr. Darin HarveyExecutive Vice President - Supply Chain$1.6m
- Mr. Brian KingExecutive Vice President - Product Management and Marketing
- Mr. Craig TaylorExecutive Vice President - Infiltrator Water Technologies$1.9m
- Mr. Thomas WaunExecutive Vice President - Engineering and International
- Ms. Anesa ChaibiIndependent Director$255,656
- Mr. Michael ColemanIndependent Director$262,323
- Mr. Alexander FischerIndependent Director$262,323
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 51
- Environment
- 42
- Social
- 72
- Governance
- 41
- Direct emissions (scope 1)
- 140,410 t
- Energy emissions (scope 2)
- 154,719 t
- Value chain emissions (scope 3)
- 795,376 t
- Women in the workforce
- 18.83899%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Market Leadership: Advanced Drainage Systems Inc (ADS) holds a strong position as a leading manufacturer of high-performance thermoplastic corrugated pipe and related products in the drainage industry.
- Extensive Product Portfolio: ADS offers a comprehensive range of innovative and sustainable water management products, including stormwater chambers, fittings, and filtration systems, catering to diverse customer needs.
- Strong Distribution Network: With an extensive distribution network and partnerships, ADS successfully reaches customers across various geographies, providing easy access to their products and services.
- Technological Advancement: The company invests in research and development, leading to the development of cutting-edge technologies and solutions that enhance product performance and customer satisfaction.
Weaknesses
- Dependence on Construction Industry: ADS's business heavily relies on the construction industry, making it vulnerable to economic downturns and fluctuations in construction activity.
- Product Quality Control: Maintaining consistent quality across multiple product lines and manufacturing locations can be challenging, potentially affecting customer trust and brand reputation in the event of quality issues.
- Reliance on Raw Materials: ADS depends on the availability and pricing of raw materials, such as resins and plastics, which are subject to market fluctuations and supply chain disruptions.
Opportunities
- Infrastructure Development: Increasing investments in infrastructure projects, including roadways, bridges, and drainage systems, present opportunities for ADS to expand its market reach and increase product demand.
- Growing Focus on Sustainability: The global shift towards sustainable and environmentally friendly solutions creates opportunities for ADS to further develop and market their eco-friendly products and technologies.
- Mergers and Acquisitions: Strategic mergers and acquisitions can allow ADS to enter new markets, diversify its product offerings, and gain a competitive edge in the industry.
Threats
- Intense Competition: ADS faces competition from both large multinational corporations and smaller regional players, which could impact market share and pricing strategies.
- Regulatory Challenges: Changes in government regulations and environmental standards may require ADS to adapt its manufacturing processes and product designs, potentially increasing costs and affecting profitability.
- Economic Uncertainty: Fluctuations in the global economy, such as recessions or changes in interest rates, could impact infrastructure investments and construction activity, affecting ADS's business and revenue.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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