Every material Form 8-K Advanced Drainage Systems has filed with the SEC since July 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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.
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.
Advanced Drainage Systems issued $500.0 million of 5.375% senior notes due 2034 and entered a Fourth Amendment to its credit agreement that enlarges its revolving facility to $750 million and extends its maturity to February 27, 2031. The company said it will use the note proceeds, along with a term loan B, to refinance its senior secured credit facility and redeem its $350 million 5.000% notes due 2027 in full.
$500.0 million of 5.375% senior notes due March 1, 2034, with interest payable semi-annually from September 1, 2026
Revolving facility increased from $600 million to $750 million; maturity extended to February 27, 2031
New term facility of $600 million with maturity of February 28, 2033
The 2027 notes, originally $350 million, were redeemed in full on February 27, 2026 at 100% of principal plus accrued interest
Advanced Drainage Systems reported unaudited third-quarter fiscal 2026 results for the quarter ended December 31, 2025, with net sales up 0.4% to $693.4 million and net income up 14.3% to $94.0 million. The company also increased its stock repurchase authorization by $1 billion, bringing total authority to $1.148 billion, and updated its fiscal 2026 guidance to include the NDS acquisition, which closed on February 2, 2026.
Q3 net income attributable to ADS was $93.6 million, or $1.19 per diluted share, up from $1.04 a year earlier
Adjusted EBITDA rose 9.3% to $209.2 million, a 30.2% margin versus 27.7% in the prior year quarter
Repurchase authority: $147.7 million remained before the $1 billion increase, for a total of $1.148 billion
Fiscal 2026 guidance: net sales of $2.990 billion to $3.040 billion and Adjusted EBITDA of $930 million to $960 million; quarterly dividend of $0.18 per share payable March 16, 2026
Advanced Drainage Systems completed its previously announced all-cash acquisition of National Diversified Sales (NDS), the water management business of Norma Group SE, on February 2, 2026, for approximately $1.0 billion, subject to purchase price adjustments. The company says NDS adds residential water management, access box and irrigation products, which it expects will expand distribution and customer reach. The filing does not include financial results for NDS or the effect on the company's earnings.
Consideration: approximately $1.0 billion in cash, subject to purchase price adjustments
Deal was agreed under a Master Share Purchase Agreement dated September 23, 2025
NDS adds residential water management, access box and irrigation solutions
Filing does not disclose NDS financial results or the expected effect on earnings
ADS reported fiscal second-quarter 2026 net sales of $850.4 million, up 8.7%, and diluted earnings per share of $1.99, up 19.2%, for the quarter ended September 30, 2025. The company said it updated its fiscal 2026 guidance after better-than-expected first-half results, and the quarter included a $17.6 million gain on asset sales. The filing also confirms a $0.18 per share cash dividend and reiterates the pending NDS acquisition.
Q2 net sales rose 8.7% to $850.4 million; diluted EPS was $1.99 versus $1.67 a year earlier
Adjusted EBITDA was $287.5 million, a 33.8% margin versus 31.4% in the prior-year quarter
Fiscal 2026 guidance: net sales of $2.900 billion to $2.990 billion, Adjusted EBITDA of $900 million to $940 million
Pending NDS acquisition valued at about $1.0 billion, expected to close in Q1 calendar 2026; $0.18 dividend payable December 15, 2025
Advanced Drainage Systems signed a Master Share Purchase Agreement on September 23, 2025 to acquire National Diversified Sales, the water management business of Norma Group SE, in an all-cash deal of approximately $1.0 billion, subject to purchase price adjustments. The company expects the deal to close in the first quarter of 2026, subject to regulatory approvals, and says it will fund it with cash on hand and existing credit line capacity.
Purchase price is approximately $1.0 billion in cash, or about $875 million adjusted for the present value of expected tax benefits.
NDS generated $313 million in revenue for the twelve months ended June 2025, with approximately 90% of sales in the U.S.
The company expects the acquisition to be accretive to adjusted EPS in the first year and to deliver over $25 million in annual cost synergies, fully realized within three years.
Closing is expected in the first quarter of 2026 and is subject to customary conditions, including required regulatory approvals.
Advanced Drainage Systems reported fiscal first-quarter 2026 net sales up 1.8% to $829.9 million, but net income fell 11.2% to $144.1 million and diluted earnings per share fell 10.7% to $1.84. Management cited wet weather that delayed project installations and elevated interest rates; the company confirmed its fiscal 2026 targets and declared a quarterly dividend of $0.18 per share, up 13% from the prior year.
Net sales rose $14.5 million, or 1.8%, to $829.9 million, driven by the Orenco acquisition and construction end markets
Diluted EPS fell to $1.84 from $2.06; adjusted EPS was $1.95, down 5.3%
Fiscal 2026 targets confirmed: net sales of $2.825 billion to $2.975 billion and Adjusted EBITDA of $850 million to $910 million
Quarterly dividend of $0.18 per share payable September 15, 2025, to holders of record on August 29, 2025
Executive Vice President of Supply Chain Darin Harvey gave notice of his resignation on July 15, 2025, effective August 22, 2025, and the company said it was not the result of any dispute or disagreement over its operations, policies or practices. At the July 17, 2025 annual meeting, stockholders re-elected all eleven directors, ratified Deloitte & Touche LLP as auditor for fiscal 2026, and gave advisory approval to executive compensation.
Darin Harvey gave notice on July 15, 2025 of his resignation as Executive Vice President, Supply Chain, effective August 22, 2025.
The filing states the resignation is not due to any dispute or disagreement with the company over operations, policies or practices.
All eleven director nominees were elected to one-year terms; Alexander R. Fischer received 53,845,863 for votes and 14,661,479 against.
Stockholders ratified Deloitte & Touche LLP for fiscal 2026 with 63,065,481 for and 7,535,650 against; advisory say-on-pay received 60,210,402 for and 8,223,794 against.
Advanced Drainage Systems (NYSE: WMS) reported unaudited results for the fourth quarter and fiscal year ended March 31, 2025, with fourth-quarter net sales down 5.8% and net income down 19.6%, while full-year net sales rose 1.0% but net income fell 11.8%. The company also gave fiscal 2026 targets of $2.825 billion to $2.975 billion in net sales and $850 million to $910 million in Adjusted EBITDA, and declared a $0.18 per share cash dividend.
Q4 net sales fell 5.8% to $615.8 million; diluted EPS was $0.99, down 18.2% from $1.21.
Fiscal 2025 net sales rose 1.0% to $2,904.2 million; diluted EPS fell 10.7% to $5.76.
Fiscal 2026 targets: net sales of $2.825 billion to $2.975 billion; Adjusted EBITDA of $850 million to $910 million.
Board declared a $0.18 per share cash dividend, payable June 16, 2025, to holders of record on May 30, 2025.
Advanced Drainage Systems (ADS) reported unaudited results for the fiscal third quarter ended December 31, 2024, with net sales rising 4.3% while net income and diluted EPS fell. The company confirmed its previously issued fiscal 2025 targets of $2.900 billion to $2.975 billion in net sales and $880 million to $920 million in Adjusted EBITDA, and declared a $0.16 per share cash dividend, which matters to shareholders because profit fell even as sales grew.
Net sales rose $28.2 million, or 4.3%, to $690.5 million; net income fell 23.0% to $82.3 million
Diluted EPS was $1.04, down from $1.34; Adjusted EBITDA fell 6.2% to $191.5 million
Fiscal 2025 guidance was confirmed: net sales $2.900 billion to $2.975 billion, Adjusted EBITDA $880 million to $920 million
Cash dividend of $0.16 per share is payable March 14, 2025, to holders of record on February 28, 2025
ADS reported fiscal second-quarter 2025 results for the period ended September 30, 2024. Net sales were flat at $782.6 million, while net income fell 4.3% to $131.2 million and diluted earnings per share fell 2.3% to $1.67. The company also updated its fiscal 2025 targets and declared a $0.16 per share dividend, up from $0.14 in the prior-year quarter.
Q2 net sales of $782.6 million, up 0.3% from $780.2 million; diluted EPS of $1.67 versus $1.71
Adjusted EBITDA of $245.6 million, with a 31.4% margin versus 31.6% a year earlier
Fiscal 2025 net sales now expected at $2.900 billion to $2.975 billion; Adjusted EBITDA $880 million to $920 million
$0.16 per share cash dividend payable December 16, 2024, to holders of record on December 2, 2024
Advanced Drainage Systems reported fiscal first-quarter 2025 results for the period ended June 30, 2024, with net sales up 4.8% to $815.3 million but net income down 6.7% to $162.3 million. The company confirmed its fiscal 2025 targets and declared a quarterly dividend of $0.16 per share, a 14% increase over the prior year amount. Higher sales alongside lower profit leave the quarter's direction mixed for shareholders.
Net sales rose 4.8% to $815.3 million; net income fell 6.7% to $162.3 million
Diluted EPS was $2.06 versus $2.18 a year earlier, down 5.5%; adjusted EPS was flat at $2.06
Adjusted EBITDA was $275.5 million, with a margin of 33.8% versus 36.2% a year earlier
Fiscal 2025 targets confirmed: net sales $2.925 billion to $3.025 billion; Adjusted EBITDA $940 million to $980 million; quarterly dividend $0.16 per share payable September 13, 2024
Advanced Drainage Systems said Executive Vice President of Sales Michael G. Huebert gave notice on July 5, 2024 that he will resign effective July 19, 2024, to pursue an executive position with another company. The company stated his departure is not the result of any dispute or disagreement related to its operations, policies or practices.
Michael G. Huebert, Executive Vice President, Sales, gave notice of resignation on July 5, 2024.
Resignation takes effect July 19, 2024.
He is leaving to pursue an executive position with another company; the filing states no dispute or disagreement with the company.
The filing was submitted July 8, 2024, and was signed by EVP, CFO and Secretary Scott A. Cottrill.
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