Nov 5, 6:58 AM ET
ADS reported fiscal second-quarter results for the period ended September 30, 2026, with net sales up 4.6% to $889.4 million while diluted EPS from continuing operations fell 11.0% to $1.77. The company lowered its fiscal 2027 net sales outlook to $3.300 billion to $3.400 billion, citing a softer demand environment, while Adjusted EBITDA guidance of $1.000 billion to $1.030 billion is largely unchanged. The filing also discloses a proposed acquisition of StormTrap and a $0.20 per share cash dividend.
- Q2 net sales rose 4.6% to $889.4 million; Adjusted EBITDA was $286.8 million, versus $287.5 million a year earlier
- Diluted EPS from continuing operations was $1.77, down from $1.99 (down 11.0%)
- Fiscal 2027 net sales outlook is now $3.300 billion to $3.400 billion; Adjusted EBITDA outlook is $1.000 billion to $1.030 billion
- Board declared a $0.20 per share cash dividend, payable December 15, 2026, to holders of record on December 1, 2026
Read the filing on SEC.gov ↗
Oct 5, 7:00 AM ET
Advanced Drainage Systems agreed on October 1, 2026 to acquire StormTrap Investments, a stormwater solutions maker, for approximately $530 million, or about $450 million after adjusting for the present value of expected tax benefits. The deal is funded with cash on hand and existing credit facility capacity and is expected to close in the fourth quarter of calendar 2026, subject to regulatory approvals.
- Purchase price of approximately $530 million, or approximately $450 million adjusted for the present value of expected tax benefits, subject to purchase price adjustments
- StormTrap generated approximately $165 million in revenue and approximately $40 million in adjusted EBITDA for the twelve months ending July 2026, per the press release
- Funded by cash on hand and the existing credit facility; the company expects the deal to be accretive to adjusted EPS in the first year
- Expected to close in the fourth quarter of calendar 2026; the company has obtained a representations and warranties insurance policy
Read the filing on SEC.gov ↗
Aug 6, 7:03 AM ET
Advanced Drainage Systems reported fiscal first-quarter 2027 results for the period ended June 30, 2026, with net sales up 20.6% to $1.0 billion and diluted EPS from continuing operations up 22.8% to $2.26. The company confirmed its fiscal 2027 targets and declared a $0.20 per share dividend, while management said it remains cautious on demand and noted that some sales were pulled forward from the second quarter ahead of price increases.
- Net sales rose $171.2 million, or 20.6%, to $1,001.1 million; organic net sales rose 9.2%, and NDS contributed $94.7 million of stormwater revenue.
- Diluted EPS from continuing operations was $2.26, up from $1.84; net income from continuing operations was $176.6 million.
- Fiscal 2027 outlook confirmed: net sales of $3.350 billion to $3.550 billion and Adjusted EBITDA of $1.0 billion to $1.050 billion.
- Board declared a $0.20 per share cash dividend payable September 15, 2026, to holders of record on September 1, 2026; the company repurchased $228.5 million of common stock in the quarter.
Read the filing on SEC.gov ↗
May 21, 7:06 AM ET
Advanced Drainage Systems reported unaudited fourth-quarter and fiscal 2026 results for the period ended March 31, 2026. Fourth-quarter net sales rose 9.9% to $676.8 million, but net income from continuing operations fell 54.1% to $35.2 million, which the company attributed mainly to acquisition-related costs and restructuring expenses. The company also issued fiscal 2027 targets of $3.350 billion to $3.550 billion in net sales and $1.0 billion to $1.050 billion in Adjusted EBITDA, and its board declared a $0.20 per share cash dividend.
- Q4 net sales rose $61.0 million, or 9.9%, to $676.8 million; the NDS acquisition contributed $48.8 million, and stormwater sales rose 2% on an organic basis.
- Q4 diluted EPS from continuing operations was $0.43, down from $0.99; adjusted EPS rose 3.9% to $1.07.
- Fiscal 2027 targets: net sales of $3.350 billion to $3.550 billion and Adjusted EBITDA of $1.0 billion to $1.050 billion, compared with fiscal 2026 net sales of $3,050.4 million.
- Board approved a $0.20 per share cash dividend, payable June 15, 2026, to stockholders of record at the close of business on June 1, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
