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AI brief of an SEC Form 8-K · Advanced Drainage Systems (WMS)

ADS fourth-quarter net income fell 19.6% to $76.8 million; sales down 5.8%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyAdvanced Drainage Systems (WMS)
Form8-K, current report
Filed with the SECMay 15, 2025, 7:01 AM ET
Accession number0001604028-25-000009

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 15, 2025.

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.