Advanced Drainage Systems, Inc. (NYSE:WMS) Q2 2025 Earnings Call Transcript November 8, 2024 10:00 AM ET
Company Participants
Michael Higgins - VP of IR and Corporate Strategy
Scott Barbour - President and CEO
Scott Cottrill - CFO
Conference Call Participants
Mike Halloran - Baird
Matthew Bouley - Barclays
Garik Shmois - Loop Capital
Bryan Blair - Oppenheimer
Ethan Roberts - Stephens
John Lovallo - UBS
Ryan Connors - Northcoast Research Partners
David Tarantino - KeyBanc Capital Markets
Operator
Good morning, ladies and gentlemen, and welcome to Advanced Drainage Systems Second Quarter of Fiscal Year 2025 Results Conference Call. My name is Regina, and I am your operator for today's call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] I would now like to 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. I'm here with 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 that 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 that, 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. One of our Board members summarized the second quarter environment very well. In a demand environment challenged by economic and political conditions plus severe weather events, some friction has developed versus our expectations. ADS is addressing the current environment by making high-quality decisions day by day with an eye on the long-term objectives of the company and what is needed from an investment and resource perspective to achieve those objectives. We are doing this while also enhancing safety, improving delivery and operational execution and wisely investing capital. Additionally, we continue to return capital to our shareholders and have maintained an adjusted EBITDA margin of over 30%. So I think about the current environment in terms of what's good and what's not so good.