Advanced Drainage Systems Q3 net income rises 14.3% to $94.0 million; $1 billion buyback
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.
Key points
- 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
The filing
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 February 05, 2026.
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