Advanced Drainage Systems, Inc. (NYSE:WMS) Q2 2024 Earnings Conference Call November 2, 2023 10:00 AM ET

Company Participants

Mike Higgins – Vice President-Corporate Strategy and Investor Relations

Scott Barbour – President and Chief Executive Officer

Scott Cottrill – Chief Financial Officer

Conference Call Participants

Matthew Bouley – Barclays

Garik Shmois – Loop Capital

Joe Ahlersmeyer – Deutsche Bank

John Lovallo – UBS

David Tarantino – KeyBanc Capital Markets Inc.

Noah Merkousko – Stephens Inc.

Operator

Good morning, ladies and gentlemen and welcome to Advanced Drainage Systems Second Quarter of Fiscal Year 2024 Results Conference Call. My name is Christina and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the presentation over to your host for today's call, Mr. Mike Higgins, Vice President of Corporate Strategy and Investor Relations.

Mike Higgins

Good morning, everyone. Thanks for joining us. Here today, I have Scott Barbour, our President and CEO; and Scott Cottrill, our CFO. I would also like to remind you that we will discuss forward-looking statements. Actual results may differ materially from those forward-looking statements because of various factors, including those discussed in our press release and the risk factors identified in our Form 10-K filed with the SEC. While we may update forward-looking statements in the future, we disclaim any obligation to do so. You should not place undue reliance on these forward-looking statements, all of which speak only as of today.

Lastly, the press release we issued earlier this morning is posted on the Investor Relations section of our website, copy of the release has also been included in an 8-K submitted to the SEC. We will make a replay of this conference call available via webcast on the company website.

I'll now turn the call over to Scott Barbour.

Scott Barbour

Thank you, Mike and good morning, everyone. Thank you all for joining us on today's call. As a pure-play water company focused on stormwater in the legacy ADS business and on-site septic wastewater, Infiltrator, we play a crucial role in developing sustainable water management solutions to protect and manage water, the world's most precious resource, safeguarding our environment and communities. Over the last several years, we have been experiencing a secular trend whereby large scale, water-related climate events are increasing in frequency, duration and intensity.