Advanced Drainage Systems (WMS) FY2024 results: revenue $2.9 billion, down 6.4% on the year
Advanced Drainage Systems, Inc. (WMS) reported revenue of $2.9 billion for fiscal 2024, the year ended 31 March 2024, down 6.4% on the year before. Net income was $510 million, up 0.6%, and diluted earnings per share $6.45. The figures are the company's own, from the 10-K it filed with the SEC on 16 May 2024.
Revenue
$2.9 billion
-6.4% on the year
FY2017FY2024
Operating margin
25.5%
23.4% a year earlier
FY2017FY2024
Net income
$510 million
+0.6% on the year
FY2017FY2024
Diluted EPS
$6.45
+6.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
718
708
275
+1.4%
Capital expenditure
184
167
149
+10.1%
Free cash flow
534
541
126
-1.3%
Free cash flow margin
18.6%
17.6%
4.5%
Cash from investing
-156
-214
-199
Cash from financing
-284
-296
-251
Depreciation and amortisation
155
145
142
+6.7%
Share-based compensation
32.0
21.7
24.2
+47.7%
Buybacks
207
575
292
-63.9%
Dividends paid
44.0
39.6
37.0
+11.1%
Dividend per share
$0.56
$0.48
$0.44
+16.7%
Diluted shares, weighted
79m
83m
73m
-5.2%
Shares outstanding at period end
71m
70m
72m
+1.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,153
824
893
+39.9%
Non-controlling interest
18.8
17.5
16.6
+7.5%
Redeemable equity
109
153
195
-29.1%
Debt
1,281
1,296
930
-1.1%
Operating lease liabilities
39.1
37.1
41.0
+5.4%
Finance lease liabilities
61.7
32.3
11.4
+91.1%
Other liabilities
606
541
562
+12.1%
Total liabilities and equity
3,269
2,901
2,650
+12.7%
Fixed assets
876
733
619
+19.5%
Goodwill
617
620
610
-0.5%
Intangible assets
353
408
431
-13.5%
Cash and equivalents
490
217
20.1
+125.7%
Receivables
324
307
342
+5.4%
Inventory
464
464
494
+0.0%
Other assets
145
152
132
-4.9%
Total assets
3,269
2,901
2,650
+12.7%
10-K for the year ended 31 March 2024, filed 16 May 2024: the filing.