Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 10, 2016 3:35 PM ET

Building Products

Company Overview of Advanced Drainage Systems, Inc.

Company Overview

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. It also purchases and distributes construction fabrics, and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage. The company was founded in ...

4640 Trueman Boulevard

Hilliard, OH 43026

United States

Founded in 1966

Phone:

614-658-0050

Key Executives for Advanced Drainage Systems, Inc.

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 69
Total Annual Compensation: $454.2K
Co-Chief Operating Officer and Executive Vice President
Age: 57
Total Annual Compensation: $308.8K
Executive Vice President
Age: 60
Total Annual Compensation: $270.4K
Co-Chief Operating Officer and Executive Vice President
Age: 48
Total Annual Compensation: $264.6K
Executive Vice President of Sales
Age: 52
Total Annual Compensation: $261.7K
Compensation as of Fiscal Year 2014.

Advanced Drainage Systems, Inc. Key Developments

Advanced Drainage Systems, Inc. Announces Addition of New StormTech® Chamber

Advanced Drainage Systems, Inc. (ADS) announced that it has added a low-profile, high strength chamber to its StormTech product line. The StormTech SC-160LP Chamber is 12-inches tall with an installed volume of 15 cubic feet of water for underground infiltration and detention systems. The new unit requires 14 inches of total cover to carry AASHTO HS-20 live loads, which reduces site development costs in shallow applications by minimizing the amount of needed fill and maximizing open infiltrative areas. ADS developed the new StormTech chamber in response to the industry need for a chamber that can be used in applications where high water tables are present or to avoid adding excessive fill to sites. The SC-160LP adds to the StormTech family of chambers which now offer minimum installed storage capacities ranging from 15 to 179 cubic feet. The newest addition measures 85 inches long x 25 inches wide x 12 inches tall. The SC-160LP chambers require no separation between chamber rows making it easier for the contractor to install and also minimizing the aggregate required. The SC-160LP chamber can be installed using an injection molded 8-inch end cap or using a solid end cap. Both options provide for less costly smaller diameter pipe connections. StormTech chambers are designed in accordance with AASHTO and ASTM design standards, qualifying them for use in commercial and municipal projects.

Advanced Drainage Systems, Inc. Enters into Amendment to Amended and Restated Credit Agreement

On December 28, 2015, Advanced Drainage Systems, Inc. (the Company) entered into each of the following: (i) a Third Amendment to Amended and Restated Credit Agreement, with certain wholly-owned subsidiaries of the Company, certain lenders party thereto, and PNC Bank, National Association, as administrative agent; (ii) a Fourth Amendment to Second Amended and Restated Credit Agreement, with ADS Mexicana, S.A. de C.V., certain wholly-owned subsidiaries of the company, certain lenders party thereto, and PNC Bank, National Association, as administrative agent; and (iii) an Amendment No. 9 and Consent to Amended and Restated Private Shelf Agreement, with certain wholly-owned subsidiaries of the company, certain noteholders party thereto, and Prudential Investment Management, Inc. (collectively, the Amendments). The company and the respective lenders and noteholders referenced above agreed to enter into the Amendments to: (i) provide an additional extension of time for the delivery of certain financial statements to such lenders and noteholders, to January 31, 2016 with an additional 30-day grace period; (ii) modify certain definitions applicable to the company's affirmative and negative financial covenants relating to EBITDA, to accommodate one-time, nonrecurring expenses incurred during the fiscal quarters ending September 30, 2015, December 31, 2015 and March 31, 2016 related to the restatement of the company's financial statements; and (iii) consent to the payment of the previously-disclosed quarterly cash dividend in December 2015.

Advanced Drainage Systems, Inc. Announces Third Amendment to its Credit Agreement

On November 30, 2015, Advanced Drainage Systems, Inc. entered into a third amendment to second Amended and Restated Credit Agreement, with ADS Mexicana, S.A. de C.V., certain wholly-owned subsidiaries of the company, certain lenders party thereto, and PNC Bank, National Association, as administrative agent (the Amendment).

Similar Private Companies By Industry

Company Name Region
Advanced Modern Technologies Corporation United States
Danvid Window Company United States
Environmental Interiors Inc. United States
Safesec Corp. United States
Orion Enterprises, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Advanced Drainage Systems, Inc., please visit www.ads-pipe.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.