NEWS ADS increases profits in 2018


US-based pipe manufacturer ADS raised sales by nearly 6% for the full financial year that ended in March. The company posted


revenues of $1.33bn, up 5.8% on last year. Domestic sales grew by 6.5% to $1.17bn, driven by core construction markets and favourable pricing, said ADS. International sales were flat at around $156m. For the same period, profitability (EBITDA) rose almost 9% to exceed $210m. In the final quarter of the


year, sales were up 2.4% to $250m, while EBITDA more than doubled to $27m. Scott Barbour, president and CEO of ADS, said: “We


had a strong finish to fiscal 2018, achieving our financial goals through disciplined execution of our fundamen- tals and successfully convert- ing traditional materials to our plastic pipe products.” Pipe accounts for around


three-Pipe accounts for around 75% of ADS’ business, and domestic sales outweigh international


sales by around 10 to one. Looking ahead, the company said net sales for the coming year were expected to be $1.375bn- $1.425 – equating to a growth of between 3-7%. n Green Line Polymers, a subsidiary of ADS, is using a recycling machine from NGR – the largest the company has ever built – to


recycle various types of scrap plastic materials. The machine, which can handle more than 4,000lbs (1,814kg) per hour, will recycle post-industrial PE scrap materials, which will then be used by ADS to make new corrugated pipe. � www.ads-pipe.com � www.greenlinepolymers.com � www.ngr.at


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