Every material Form 8-K Advanced Drainage Systems filed with the SEC in 2026, 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
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