ADVANCED DRAINAGE SYSTEMS (WMS)

The company is best known for corrugated plastic pipe used in drainage applications. These products are installed under roads, subdivisions, commercial sites, farms, and public infrastructure projects to manage runoff and reduce flooding risk. Advanced Drainage Systems also sells complementary products that help engineers and contractors design complete stormwater systems, including retention and detention solutions. Its Infiltrator business expands the company’s reach into onsite septic wastewater treatment, providing plastic leachfield chambers, tanks, and accessories used mainly in residential settings.

Advanced Drainage Systems benefits from long-term needs around infrastructure renewal, housing development, stormwater regulation, and climate-related water management challenges. Plastic drainage products can offer advantages in weight, installation speed, corrosion resistance, and use of recycled materials compared with some traditional alternatives. The company is also a significant user of recycled plastic in manufacturing, linking its products to circular-economy themes within construction materials.

For investors, WMS is an industrial and building products company with exposure to public infrastructure spending, private construction activity, and agricultural demand. Its performance depends on construction cycles, raw material costs, manufacturing efficiency, and demand for engineered water management solutions across North America and selected international markets.