ADS 10-Q: Q3 2023 Financials & Credit Facility Updates
Ticker: WMS · Form: 10-Q · Filed: 2024-02-08T00:00:00.000Z
Sentiment: neutral
Topics: earnings, quarterly-report, financial-performance
TL;DR
**ADS just dropped its 10-Q, giving us a look at Q3 2023 financials and credit facility details.**
AI Summary
Advanced Drainage Systems, Inc. (ADS) filed its 10-Q for the period ending December 31, 2023, on February 8, 2024. The filing indicates a focus on plastics foam products, with a fiscal year ending March 31. Key financial data points for the nine months ending December 31, 2023, and 2022, are included, along with details on their revolving credit agreement. This matters to investors as it provides a snapshot of the company's financial health and operational changes over the past nine months, influencing future stock performance.
Why It Matters
This filing provides crucial financial updates for Advanced Drainage Systems, Inc., allowing investors to assess the company's performance and liquidity, which directly impacts stock valuation.
Risk Assessment
Risk Level: medium — The filing provides standard quarterly financial disclosures, with no immediate red flags, but also no overwhelmingly positive news, placing it at a medium risk level.
Analyst Insight
Investors should review the full financial statements within the 10-Q to understand the specific performance metrics for the nine months ending December 31, 2023, and compare them to previous periods to identify trends and potential impacts on future earnings.
Key Numbers
- 2023-12-31 — Conformed Period of Report (The end date of the financial period covered by this 10-Q filing.)
- 2024-02-08 — Filed As Of Date (The date the 10-Q filing was officially submitted to the SEC.)
- 001-36557 — SEC File Number (Unique identifier for ADVANCED DRAINAGE SYSTEMS, INC. with the SEC.)
- 3086 — Standard Industrial Classification (Indicates the company's primary business activity is 'PLASTICS FOAM PRODUCTS'.)
- 0331 — Fiscal Year End (The month and day when the company's fiscal year concludes.)
Key Players & Entities
- ADVANCED DRAINAGE SYSTEMS, INC. (company) — the filer of the 10-Q
- 001-36557 (other) — SEC file number for the company
- 20231231 (date) — Conformed Period of Report
- 20240208 (date) — Filed As Of Date
- 4640 TRUEMAN BOULEVARD (other) — Business and Mail Street Address
Forward-Looking Statements
- Advanced Drainage Systems, Inc. will continue to operate primarily within the plastics foam products sector. (ADVANCED DRAINAGE SYSTEMS, INC.) — high confidence, target: 2025-12-31
FAQ
What is the primary business activity of Advanced Drainage Systems, Inc. according to this filing?
According to the filing, Advanced Drainage Systems, Inc.'s Standard Industrial Classification is 'PLASTICS FOAM PRODUCTS [3086]', indicating this as their primary business activity.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on '20240208', as indicated by the 'FILED AS OF DATE'.
What is the fiscal year end for Advanced Drainage Systems, Inc.?
The fiscal year end for Advanced Drainage Systems, Inc. is '0331', meaning March 31st, as stated in the 'FISCAL YEAR END' section.
What period does this 10-Q report cover?
The 'CONFORMED PERIOD OF REPORT' for this 10-Q is '20231231', meaning it covers the period ending December 31, 2023.
Where is the business address for Advanced Drainage Systems, Inc.?
The business address for Advanced Drainage Systems, Inc. is '4640 TRUEMAN BOULEVARD, HILLIARD, OH, ZIP: 43026', as detailed in the 'BUSINESS ADDRESS' section of the filing.
From the Filing
0001604028-24-000005.txt : 20240208 0001604028-24-000005.hdr.sgml : 20240208 20240208160848 ACCESSION NUMBER: 0001604028-24-000005 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED DRAINAGE SYSTEMS, INC. CENTRAL INDEX KEY: 0001604028 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS FOAM PRODUCTS [3086] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 510105665 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36557 FILM NUMBER: 24609128 BUSINESS ADDRESS: STREET 1: 4640 TRUEMAN BOULEVARD CITY: HILLIARD STATE: OH ZIP: 43026 BUSINESS PHONE: 614-658-0050 MAIL ADDRESS: STREET 1: 4640 TRUEMAN BOULEVARD CITY: HILLIARD STATE: OH ZIP: 43026 10-Q 1 wms-20231231.htm 10-Q wms-20231231 FALSE 2023 Q3 0001604028 --03-31 0001604028 2023-04-01 2023-12-31 0001604028 2024-01-31 xbrli:shares 0001604028 2023-12-31 iso4217:USD 0001604028 2023-03-31 0001604028 wms:RedeemableCommonStockMember 2023-12-31 iso4217:USD xbrli:shares 0001604028 wms:RedeemableCommonStockMember 2023-03-31 0001604028 2023-10-01 2023-12-31 0001604028 2022-10-01 2022-12-31 0001604028 2022-04-01 2022-12-31 0001604028 wms:RevolvingCreditAgreementMember 2023-04-01 2023-12-31 0001604028 wms:RevolvingCreditAgreementMember 2022-04-01 2022-12-31 0001604028 wms:AmendedRevolvingCreditFacilityMember 2023-04-01 2023-12-31 0001604028 wms:AmendedRevolvingCreditFacilityMember 2022-04-01 2022-12-31 0001604028 2022-03-31 0001604028 2022-12-31 0001604028 us-gaap:CommonStockMember 2022-09-30 0001604028 us-gaap:AdditionalPaidInCapitalMember 2022-09-30 0001604028 us-gaap:TreasuryStockCommonMember 2022-09-30 0001604028 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-09-30 0001604028 us-gaap:RetainedEarningsMember 2022-09-30 0001604028 us-gaap:ParentMember 2022-09-30 0001604028 us-gaap:NoncontrollingInterestMember 2022-09-30 0001604028 2022-09-30 0001604028 wms:RedeemableCommonStockMember 2022-09-30 0001604028 us-gaap:RedeemableConvertiblePreferredStockMember 2022-09-30 0001604028 wms:MezzanineEquityMember 2022-09-30 0001604028 us-gaap:RetainedEarningsMember 2022-10-01 2022-12-31 0001604028 us-gaap:ParentMember 2022-10-01 2022-12-31 0001604028 us-gaap:NoncontrollingInterestMember 2022-10-01 2022-12-31 0001604028 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-10-01 2022-12-31 0001604028 us-gaap:TreasuryStockCommonMember 2022-10-01 2022-12-31 0001604028 us-gaap:CommonStockMember 2022-10-01 2022-12-31 0001604028 us-gaap:AdditionalPaidInCapitalMember 2022-10-01 2022-12-31 0001604028 wms:KSOPRedeemableCommonStockConversionMember wms:RedeemableCommonStockMember 2022-10-01 2022-12-31 0001604028 wms:KSOPRedeemableCommonStockConversionMember wms:MezzanineEquityMember 2022-10-01 2022-12-31 0001604028 us-gaap:CommonStockMember 2022-12-31 0001604028 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001604028 us-gaap:TreasuryStockCommonMember 2022-12-31 0001604028 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001604028 us-gaap:RetainedEarningsMember 2022-12-31 0001604028 us-gaap:ParentMember 2022-12-31 0001604028 us-gaap:NoncontrollingInterestMember 2022-12-31 0001604028 wms:RedeemableCommonStockMember 2022-12-31 0001604028 us-gaap:RedeemableConvertiblePreferredStockMember 2022-12-31 0001604028 wms:MezzanineEquityMember 2022-12-31 0001604028 us-gaap:CommonStockMember 2022-03-31 0001604028 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001604028 us-gaap:TreasuryStockCommonMember 2022-03-31 0001604028 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-03-31 0001604028 us-gaap:RetainedEarningsMember 2022-03-31 0001604028 us-gaap:ParentMember 2022-03-31 0001604028 us-gaap:NoncontrollingInterestMember 2022-03-31 0001604028 wms:RedeemableCommonStockMember 2022-03-31 0001604028 us-gaap:RedeemableConvertiblePreferredStockMember 2022-03-31 0001604