ADVANCED DRAIN SYS INC COM STK Cutler Group LLC CA holding in Q4 2017 Form 13-F

Advanced Drainage Systems, Inc. (ADS) provides water management solutions, focusing on the stormwater and onsite septic wastewater industries. The company's product lineup includes thermoplastic corrugated pipes, plastic leachfield chambers, septic tanks, and other water management products designed for stormwater management and drainage applications. ADS's products serve various markets such as residential, non-residential, infrastructure, and agriculture.

ADS generates revenue through the sale of its products, with a significant portion coming from pipes, Infiltrator products, and Allied Products & Other. The company operates a robust manufacturing and distribution network, consisting of 63 manufacturing plants and 39 distribution centers across the U.S., Canada, and other regions. Its sales are supported by partnerships with national and independent distributors, as well as direct sales to a diverse customer base of approximately 16,000, including major clients like Ferguson Enterprises and Core & Main.

The company's basic operational structure includes product segments like N-12 dual wall corrugated pipe and Infiltrator products. Key factors impacting ADS's business performance include the demand for water management solutions across its target markets, its ability to maintain efficient production and distribution processes, and its relationships with major distributors and customers. The company's extensive use of recycled materials and its position as a major recycler contribute to its operational dynamics.