None
EN
Advanced Drainage Systems Q1 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
Excluding that pull-forward, organic revenue growth was in the mid-single digits.
President and CEO Scott Barbour said non-residential organic sales grew 14%, with resilient activity in commercial construction and large projects such as data centers and warehouses.
Infiltrator residential revenue rose by double digits, driven by tanks and residential advanced-treatment systems, while the company experienced weakness in retail and residential land development within stormwater.
Advanced Drainage Systems is also expanding its use of recycled materials as virgin raw-material costs rise.
About Advanced Drainage Systems (NYSE:WMS)Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America.