Advanced Drainage Systems, Inc. WMS

WMS Company Overview

Advanced Drainage Systems, Inc. (NYSE: WMS) is a U.S.-based manufacturer of water management products and infrastructure solutions primarily serving the construction, agriculture, commercial, residential, and public infrastructure markets. The company operates within the stormwater and onsite septic wastewater industries, with a core focus on thermoplastic corrugated pipe products and related water management systems. Its products are used in drainage, stormwater retention and detention, septic systems, water quality treatment, and erosion control applications. Revenue is primarily driven by sales of high-density polyethylene (HDPE) pipe, chambers, fittings, and allied infrastructure products used in both public and private construction projects.

The company traces its origins to 1966, when it was founded in Ohio as a producer of corrugated plastic pipe intended to replace traditional concrete and metal drainage systems. Over time, Advanced Drainage Systems expanded through organic growth and acquisitions into a vertically integrated water management company with manufacturing, recycling, and distribution capabilities. The company has developed a competitive position through large-scale manufacturing capacity, a broad distribution network, engineering expertise, and the integration of recycled plastics into many of its products, which differentiates it within the infrastructure materials sector.