Advanced Drainage Systems

Short description: Drainage product company based in Hillard, Ohio, US

Advanced Drainage Systems, Inc.Type| Public company

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Traded as

* NYSE: WMS
* S&P 400 component

Industry| Water industry
Founded| 1966; 60 years ago (1966)
Founders|

* Ron Martin
* Marty Sixt

Headquarters| Hilliard, Ohio, U.S.

Key people

| D. Scott Barbour (CEO & President)
Scott A. Cottrill (CFO)
Products|

* HDPE pipes
* Septic tanks
* Water filters

Revenue|  US$1.982 billion (2020)

Net income

|  US$224 million (2020)
Total assets|  US$2.413 billion (2020)
Total equity|  US$819 million (2020)

Number of employees

| 5,000 (2020)
Website| adspipe.com
Footnotes / references
[1][2]

Advanced Drainage Systems, Inc. (ADS) designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators.[1] It is the largest maker of high-density polyethylene pipe in the United States.[2] It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's sales were in the United States and 6% were in Canada.[1]

## History

The company was founded in 1966 by Ron Martin and Marty Sixt, two engineers. In the early 1970s, it moved to central Ohio.[1][2]

In 2004, Joe Chlapaty became CEO of the company; he retired in 2017 and was succeeded by Scott Barbour.[3]

In July 2014, the company became a public company via an initial public offering on the New York Stock Exchange, raising $232 million.[4]

In February 2015, the company acquired Ideal Pipe of Ontario for $45 million.[5]

In July 2019, the company acquired Infiltrator Water Technologies from the Ontario Teachers' Pension Plan for $1.08 billion.[6]

In 2019, approximately 65% of its pipes were made from recycled materials.[7]

## References

1. ↑ 1.0 1.1 1.2 1.3 "Advanced Drainage Systems, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/1604028/000156459021030419/wms-10k_20210331.htm.
2. ↑ 2.0 2.1 2.2 Gearino, Dan (March 8, 2015). "Advanced Drainage Systems now an industry leader". The Columbus Dispatch. https://www.dispatch.com/article/20150308/NEWS/303089870.
3. ↑ "Advanced Drainage CEO Joe Chlapaty to retire". The Columbus Dispatch. March 13, 2017. https://www.dispatch.com/business/20170313/advanced-drainage-ceo-joe-chlapaty-to-retire.
4. ↑ Knox, Tom (July 25, 2014). "Advanced Drainage Systems goes public, raising $232M". American City Business Journals. https://www.bizjournals.com/columbus/news/2014/07/25/advanced-drainage-systems-goes-public-raising-232m.html.
5. ↑ Gearino, Dan (February 2, 2015). "Advanced Drainage Systems buys Canadian company". The Columbus Dispatch. https://www.dispatch.com/article/20150202/NEWS/302029673.
6. ↑ "Advanced Drainage Systems Acquires Infiltrator Water Technologies From Ontario Teachers' Pension Plan" (Press release). Business Wire. August 1, 2019. `{{cite press release}}`: External link in ``|publisher=`` (help)
7. ↑ Eaton, Dan (October 16, 2019). "Columbus-based plastic pipe maker seeing benefits of recycling". American City Business Journals. https://www.bizjournals.com/columbus/news/2019/10/16/columbus-based-plastic-pipe-maker-seeing-benefits.html.

## External links

* Official website
* Business data for Advanced Drainage Systems:

* Google Finance
* Yahoo! Finance
* Bloomberg
* Reuters
* SEC filings

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