PresentationGood morning, ladies and gentlemen, and welcome to the Advanced Drainage Systems Conference Call. My name is JL, and I am your operator for today's call. [Operator Instructions] 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.Michael HigginsVice President of Corporate Strategy & Investor Relations Thank you, and good morning, everyone. We're excited to be here today to discuss our proposed ...

PresentationGood morning, ladies and gentlemen, and welcome to the Advanced Drainage Systems Conference Call. My name is JL, and I am your operator for today's call. [Operator Instructions] 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.Michael HigginsVice President of Corporate Strategy & Investor Relations Thank you, and good morning, everyone. We're excited to be here today to discuss our proposed ...

Advanced Drainage Systems (NYSE:WMS) M&A Announcement September 23, 2025 09:00 AM ET Company ParticipantsMichael Higgins - VP - Corporate Strategy & IRScott Barbour - President, CEO & DirectorOperatorGood morning, ladies and gentlemen, and welcome to the Advanced Drainage Systems conference call. My name is JL, and I am your operator for today's call. At this time, all participants are in a listen-only mode. The conference call will not have a question-and-answer session. I would now like to turn the presen ...

Advanced Drainage Systems, Inc. WMS shares are trading higher on Tuesday after the company announced it had signed a definitive agreement to purchase the water management unit of Norma Group SE, known as National Diversified Sales (NDS), for approximately $1 billion in cash.When accounting for expected tax benefits, the net purchase price comes to about $875 million.Also Read: Stock Market Today: Nasdaq Futures Rise, S&P 500 Slips Amid Mixed Trade—Kenvue, Micron Tech, Nvidia In FocusThe deal, unanimously ap ...

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收购与协同效应 - ADS将以约10亿美元收购NDS，调整后价值约为8.75亿美元，基于2025年6月的TTM NDS调整后EBITDA，交易价值约为10倍[9] - 预计在第三年实现每年2500万美元的成本协同效应，协同效应将通过树脂采购、销售与市场营销、物流、制造和SG&A实现[9] - 收购预计将增强增长，产生显著协同效应，并在所有权的第一年内对调整后每股收益产生立即的增益[9] - 收购后，ADS的净债务预计为1.6倍，处于目标范围1.0-2.0倍内[9] - 预计协同效应将在三年内完全实现，进一步推动运营效率和利润改善[36] 财务数据 - 2025财年，ADS的调整后EBITDA为8.92亿美元，调整后EBITDA利润率为30.6%[38] - 收购后，ADS的净销售额预计将达到32亿美元，调整后EBITDA预计将达到9.8亿美元[34] 市场与产品 - NDS在美国的住宅暴雨管理、景观灌溉和流量管理组件领域是领先供应商，拥有1100多名员工和8300多个分销点[10] - NDS的产品组合中，管道占55%，相关产品占24%，景观灌溉约占30%[34] - 收购将使ADS进入15亿美元的景观灌溉市场，增加对住宅修缮市场的曝光[36]

EQS-News: NORMA Group SE / Key word(s): Contract/ForecastNORMA Group sells Water Management business to ADS 23.09.2025 / 08:41 CET/CESTThe issuer is solely responsible for the content of this announcement.NORMA Group sells Water Management business to ADSSignificant milestone in NORMA Group’s transformation into a focused industrial supplier The enterprise value of the transaction is one billion USD Proceeds will be used to repay debt, for value-accretive acquisitions, and returns to shareholders The buyer ...

By Alexander Hübner and Linda Pasquini MUNICH (Reuters) -German automotive and industrial supplier Norma will sell its lucrative water management business to U.S. rival Advanced Drainage Systems in a deal valued at $1 billion, the companies said on Tuesday. As a result of the deal, Norma is set to lose roughly a quarter of its forecast revenue this year as it works towards becoming a more focused industrial supplier. Shares in Norma opened 4% higher on Tuesday after the announcement of the deal. However ...

HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS†or the "Company†), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries today announced that it has entered into a definitive stock purchase agreement under which ADS will acquire the water management business of Norma Group SE (DAX: NOEJ), known as National Diversified Sales ("NDS†), in an all-cash transaction valued at approximately $1.0 billion, or app. ...

Madison Investments, an investment advisor, released its “Madison Small Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter started as a continuation of the first quarter. As the liberation day tariffs were catastrophic, sending both equities and treasuries steeply lower. Later, the administration set a pause in the tariff implementation, which led equities to rebound, supported by better-than-expected macroeconomic data, particularly regarding infl ...