Advanced Drainage Systems (WMS) began trading on the NYSE on 25 July 2014

The Hilliard, Ohio-based company makes water drainage systems and pipes. It raised $232 million after the company and some of its shareholders sold 14.5 million shares for $16 per share, which was below its previously expected range between $17 and $19 per share. Advanced Drainage plans to use some of the money raised to pay its debt. Its shares, which are trading on the New York Stock Exchange under the symbol "WMS," rose 15 cents to close at $16.15.

Description

Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. The Company’s products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Company’s product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. The Company has a domestic network of 48 manufacturing plants and 19 distribution centers allowing it to effectively serve all markets in the United States, which it defines as the largest 100 metropolitan statistical areas based on population.

Address

4640 Trueman Boulevard
HILLIARD, OH 43026
United States

Website 

http://www.ads-pipe.com

Key stats and ratios

	Q1 (Mar '14)	2014
Net profit margin	-6.02%	1.35%
Operating margin	-13.88%	4.99%
EBITD margin	-	9.72%
Return on average assets	-4.80%	1.57%
Return on average equity	-	-
Employees	3,700