Advanced Drainage Systems 2023 Annual Report

Advanced Drainage Systems achieved its sixth consecutive year of record revenue and profitability in fiscal 2023, with net sales growing 11% to $3.1 billion and Adjusted EBITDA increasing 34% to $904 million. The company continues to expand its water management solutions across stormwater, onsite septic wastewater, and agriculture markets, supported by government infrastructure initiatives and strategic acquisitions. ADS maintains a focus on sustainable growth through capacity investments, product innovation, and market share expansion.