Advanced Drainage Systems 2024 Annual Report

ADS reported its ninth consecutive year of record profitability in fiscal 2024, with adjusted EBITDA reaching $923 million and margins expanding 270 basis points to 32.1%. The company, a pure-play water management business, highlighted growing demand for stormwater and septic wastewater solutions driven by increasing climate-related disasters and infrastructure gaps. Strategic initiatives include a new partnership with Rainwater Management Solutions to enhance end-to-end stormwater treatment systems.