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

ADS Q2 net sales rise 4.6%, EPS falls to $1.77; fiscal 2027 sales outlook lowered

Mixed Impact 4 of 5 earnings

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.

Key points

  • 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

The filing

CompanyAdvanced Drainage Systems (WMS)
Form8-K, current report
Filed with the SECNov 5, 2026, 6:58 AM ET
Accession number0001604028-26-000043

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 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

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.