Advanced Drainage Systems, Inc. (NYSE:WMS) Q1 2025 Earnings Conference Call August 8, 2024 10:00 AM ET

Company Participants

Michael Higgins - Vice President of Corporate Strategy & Investor Relations
Scott Barbour - President and Chief Executive Officer
Scott Cottrill - Chief Financial Officer

Conference Call Participants

Mike Halloran - Baird
Matthew Bouley - Barclays
Garik Shmois - Loop Capital Markets.
Jeff Hammond - KeyBanc Capital Markets
John Lovallo - UBS
Noah Merkousko - Stephens, Inc.
Ryan Connors - Northcoast Research Partners

Operator

Good morning, ladies and gentlemen, and welcome to Advanced Drainage Systems First Quarter 2025 Results Conference Call. My name is Amy, and I'm 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].

I would like to now turn the presentation over to your host for today's call, Michael Higgins, Vice President of Investor Relations and Corporate Strategy. Sir, you may begin.

Michael Higgins

Good morning, everyone. Thanks for joining us. Appreciate everyone taking the time to listen to our results today. With me, I have Scott Barbour, our President and Chief Executive Officer; and Scott Cottrill, our Chief Financial Officer.

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. A copy of the release has also been included in an 8-K submitted to the SEC. We will make a replay of the conference call available via webcast on the company website.

With all of this said, I'll 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. The first quarter revenue results were in line with our expectations, and we achieved an impressive 33.8% adjusted EBITDA margin. Demand in the construction market was strong for both ADS and Infiltrator with growth across the non-residential, residential and infrastructure markets.