{"filings":[{"id":2088084,"accession_number":"0001604028-26-000034","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-08-06T11:03:14+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q1 FY2027: net sales up 20.6% to $1.0B, EPS $2.26 (+22.8%), dividend raised 11%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $1,001.1M (+20.6% YoY); organic net sales +9.2%; Stormwater sales $809.4M (+24.2%).","Net income from continuing ops $176.6M (+22.5%); diluted EPS $2.26 vs $1.84; Adjusted EBITDA $358.3M (+28.8%).","Repurchased $228.5M of common stock during the quarter.","Board declared $0.20/share quarterly dividend, an 11% increase over prior year; payable Sept 15, record Sept 1.","Management cautious on demand but cites strong non-residential market and NDS acquisition contribution."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1691676,"accession_number":"0001604028-26-000030","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-07-16T20:08:32+00:00","items":["5.07","9.01"],"status":"ready","headline":"Advanced Drainage Systems shareholders elect all nine directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All nine director nominees elected with majority support; highest vote for Kelly S. Gast (67.3M for).","Ratification of Deloitte & Touche as auditor for FY2027 passed with 62.7M for, 6.6M against.","Advisory vote on executive compensation approved with 62.0M for, 5.2M against, 0.45M abstentions.","Annual meeting held July 16, 2026; all proposals passed as recommended by the board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1120476,"accession_number":"0001604028-26-000028","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-06-18T11:23:04+00:00","items":["7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems hosts 2026 Investor Day, unveils fiscal 2030 outlook","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Company unveils fiscal 2030 outlook and growth projections at Investor Day.","Event held at new ADS Engineering and Technology Center in Hilliard, OH.","Leadership discusses pure play water exposure, differentiated growth, resilient profit platform.","Panel on Innovation and the Future of Water Management Solutions.","Webcast available; replay on investors.ads-pipe.com."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":581877,"accession_number":"0001604028-26-000020","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-05-21T20:08:16+00:00","items":["7.01","9.01"],"status":"ready","headline":"ADS realigns segments to Stormwater and Wastewater after NDS acquisition; recasts historical data","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Segment realignment follows NDS acquisition; new segments: Stormwater and Wastewater (formerly Infiltrator).","Segment profitability measure changed from adjusted gross profit to Adjusted EBITDA.","Fiscal 2026, 2025, 2024 quarterly data recast under new segments; no change to consolidated net sales, income, or EPS.","Example recast: Q4 FY2026 Stormwater Adjusted EBITDA $140M, Wastewater $61M (both in thousands)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":563636,"accession_number":"0001604028-26-000014","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-05-21T11:06:01+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q4 net sales up 9.9% to $676.8M; adjusted EPS $1.07 (+3.9%); dividend raised 11% to $0.20/quarter","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP EPS from continuing ops $0.43 (down 56.6% YoY), adjusted EPS $1.07 (up 3.9%); adjusted EBITDA $188M (+6.4%).","Full-year FY2026 net sales up 5%; adjusted EBITDA margin 31.6%; cash from ops $819.1M; returned $155.4M to shareholders.","Closed NDS acquisition in Q4 contributed $48.8M of stormwater revenue; organic stormwater sales up 2%.","Board approved 11% dividend increase to $0.80 annual; $0.20 quarterly payable June 15, 2026 to holders of record June 1.","Management cautious on FY2027 due to geopolitical uncertainty, elevated interest rates; pricing actions to offset inflation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106084,"accession_number":"0001193125-26-082558","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems issues $500M 5.375% senior notes due 2034 and amends credit facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $500M aggregate principal of 5.375% senior notes due March 1, 2034; interest payable semi-annually starting Sept 1, 2026.","Fourth Amendment increases revolving credit facility from $600M to $750M; new term loan facility of $600M maturing Feb 28, 2033.","Proceeds and new term loans used to refinance existing credit facility and fully redeem $350M 5.000% senior notes due 2027.","Revolver maturity extended to Feb 27, 2031; incremental facility capacity set at greater of $350M or 100% of EBITDA.","PNC Bank named successor administrative agent replacing Barclays Bank PLC under the amended credit agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106083,"accession_number":"0001604028-26-000011","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"ADS prices $500M 5.375% senior notes due 2034 to refinance 2027 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Priced $500M aggregate 5.375% senior unsecured notes due 2034; closing expected Feb 27, 2026.","Will redeem all $350M outstanding 5.000% senior notes due 2027; redemption date Feb 27, 2026.","Amending credit facility: revolver to $750M (from $600M), term loan B to $600M (from $408M), extended maturity.","Net proceeds from notes and term loan B will refinance existing credit facility, redeem 2027 notes, and for general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106082,"accession_number":"0001604028-26-000009","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems proposes $500M senior notes offering to refinance debt and amend credit facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Up to $500M aggregate principal amount of senior unsecured notes due 2034 offered in private transaction.","Plans to amend credit facility: revolver from $600M to $750M, term loan B from $408M to $600M, extend maturity.","Proceeds to refinance existing credit facility and redeem all outstanding 5.000% senior notes due 2027.","Notes guaranteed by domestic subsidiaries; offering not conditioned on credit facility amendment.","Offering exempt from registration under Rule 144A and Regulation S; not a public offer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106081,"accession_number":"0001604028-26-000004","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-02-05T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems Q3 net income up 14.3% to $94M; increases dividend 13% and adds $1B buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net sales $693.4M (+0.4%), net income $94M (+14.3%), diluted EPS $1.19 (+14.4%).","Adjusted EBITDA $209.2M (+9.3%), margin 30.2%; adjusted EPS $1.27 (+16.5%).","Closed acquisition of NDS (stormwater/irrigation); updated FY2026 guidance to include NDS.","Quarterly dividend $0.18/share (+13% YoY), payable March 16, 2026; $1B buyback authorization (total $1.148B)."],"consensus_eps_estimate":null,"consensus_eps_actual":5.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":2373615000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106080,"accession_number":"0001604028-26-000002","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2026-02-02T23:59:59+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems completes $1.0B acquisition of Norma Group's water management business NDS","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-cash deal closed Feb 2, 2026; purchase price ~$1.0B plus adjustments.","NDS adds residential water management, access box, and irrigation solutions to ADS portfolio.","Transaction strengthens ADS' Allied Products segment, distribution network, and customer reach.","CEO Scott Barbour cites disciplined integration and long-term value creation in growing end markets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122374,"accession_number":"0001604028-25-000041","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems Q2 beats: EPS $1.99, sales up 8.7%, raises guidance, dividend +13%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net sales $850.4M (+8.7% YoY); diluted EPS $1.99 (+19.2%); adjusted EPS $1.97 (+15.9%).","Adjusted EBITDA $287.5M (+17.1%), margin 33.8% vs 31.4% prior year.","Infiltrator revenue up 25.2% (organic 7.1%); Orenco and River Valley Pipe contributed 3.6% to revenue.","$0.18 quarterly dividend (+13% vs prior year), payable Dec 15, 2025; record Dec 1.","Fiscal 2026 guidance raised after better-than-expected first half; end market outlook unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":3.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":1680261000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139079,"accession_number":"0001193125-25-212097","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2025-09-23T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"ADS to acquire NDS from Norma Group for ~$1.0B, ~$875M net of tax benefits","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-cash deal adds NDS's $313M revenue (TTM June 2025) with ~90% U.S. sales; expected to close Q1 2026.","Transaction valued at ~$875M net of tax benefits, ~10x NDS adjusted EBITDA including expected cost synergies.","Over $25M in expected annual cost synergies, fully realized within three years; accretive to adjusted EPS in year one.","NDS adds complementary residential water management, access boxes, and irrigation products to ADS's portfolio.","Unanimous board approval; funded by cash on hand and existing credit line; advisors include Centerview and Jefferies."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139078,"accession_number":"0001604028-25-000027","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q1 net income drops 11% to $144M; raises dividend 13% to $0.18","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $829.9M (+1.8% YoY); net income $144.1M (-11.2%); diluted EPS $1.84 vs $2.06.","Adjusted EBITDA $278.2M (+1.0%); margin 33.5% vs 33.8%.","Infiltrator sales up 21.1% to $178.4M (includes Orenco); domestic pipe down 2.5% to $415.5M.","Acquired River Valley Pipe early in quarter to strengthen geographic presence.","Quarterly dividend of $0.18/share (13% increase), payable Sept 15, 2025 to record holders Aug 29."],"consensus_eps_estimate":null,"consensus_eps_actual":1.84,"consensus_revenue_estimate":null,"consensus_revenue_actual":829880000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139077,"accession_number":"0001604028-25-000024","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2025-07-17T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"EVP Supply Chain Darin Harvey resigns; shareholders re-elect directors, approve auditor, say-on-pay","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Darin Harvey, EVP Supply Chain, resigned effective Aug 22, 2025; not due to any dispute or disagreement.","Shareholders re-elected all 11 director nominees; votes for ranged from 53.8M to 68.2M.","Ratification of Deloitte & Touche as FY2026 auditor passed with 63.1M for, 7.5M against.","Advisory say-on-pay vote approved with 60.2M for, 8.2M against, 2.1M broker non-votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":156589,"accession_number":"0001604028-25-000009","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems Q4 net sales down 5.8% to $615.8M; EPS $0.99 (-18.2% YoY)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $615.8M (-5.8% YoY); net income $76.8M (-19.6%); diluted EPS $0.99 (-18.2%).","Adjusted EBITDA $176.7M (-7.6% YoY); full-year FY2025 Adjusted EBITDA margin 30.6%.","Infiltrator segment sales +15.3% to $122.3M (organic down 4.5% ex-Orenco).","Board approved 13% dividend increase to $0.72 annual; quarterly $0.18 payable June 16.","FY2026 orders positive YoY, but end market outlook remains sluggish."],"consensus_eps_estimate":1.1228,"consensus_eps_actual":5.76,"consensus_revenue_estimate":null,"consensus_revenue_actual":2904245000.0,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175012,"accession_number":"0001604028-25-000002","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2025-02-06T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q3 EPS $1.04 (-22%); net sales +4.3%; declares $0.16 dividend (+14%)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $690.5M (+4.3% YoY); net income $82.3M (-23%); diluted EPS $1.04 (-22.3%).","Adjusted EBITDA $191.5M (-6.2%); adjusted EPS $1.09 (-20.3%).","Infiltrator segment revenue +30.3% to $135.3M; organic +5.8% ex-Orenco acquisition.","Board declared $0.16/share cash dividend (+14% YoY), payable Mar 14, record Feb 28.","SG&A up 10.4% due to Orenco; gross profit down 7% on unfavorable pricing/mix."],"consensus_eps_estimate":1.6817,"consensus_eps_actual":4.77,"consensus_revenue_estimate":null,"consensus_revenue_actual":2288484000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":191978,"accession_number":"0001604028-24-000041","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-11-08T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q2 FY2025: net sales flat at $782.6M, EPS down 2.3% to $1.67; dividend raised 14%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $782.6M flat YoY; net income $131.2M down 4.3%; diluted EPS $1.67 (down 2.3%).","Adjusted EBITDA $245.6M flat 31.4% margin; adjusted EPS $1.70 flat.","Infiltrator sales up 10.6% to $128.5M; domestic pipe down 1.3%; international down 14.5%.","Orenco Systems (advanced wastewater treatment) acquisition closed in Q3 FY2025.","Quarterly cash dividend raised 14% to $0.16/share, payable Dec 16 to holders of record Dec 2."],"consensus_eps_estimate":1.7692,"consensus_eps_actual":3.73,"consensus_revenue_estimate":null,"consensus_revenue_actual":1597946000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208434,"accession_number":"0001604028-24-000035","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"ADS subsidiary Infiltrator to acquire Orenco Systems, expanding advanced wastewater treatment","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Definitive agreement: Infiltrator Water Technologies to acquire Orenco, a manufacturer of advanced onsite septic wastewater treatment products.","Expected closing in Q3 fiscal 2025 (Oct-Dec 2024), subject to customary conditions; no deal value disclosed.","Strategic rationale: enhances ADS's position in fragmented, fast-growing wastewater segment via combined sales, engineering, and distribution.","Jefferies advised ADS; Raymond James acted for Orenco."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208433,"accession_number":"0001604028-24-000029","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS reports fiscal Q1 net sales up 4.8%, but net income down 6.7%; declares 14% higher dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $815.3M (+4.8% YoY); net income $162.3M (-6.7%); diluted EPS $2.06 (-5.5%).","Adjusted EBITDA $275.5M (-2.1%); adjusted EPS flat at $2.06; margin 33.8% (down from 36.2%).","Domestic pipe +2.5% to $431.4M; Allied +7.6%; Infiltrator +5.9%; International +10.4%.","Quarterly dividend raised 14% to $0.16/share; payable Sept 13, record Aug 30.","CEO cites IIJA tailwinds and volume growth in infrastructure; unfavorable pricing and costs pressured margins."],"consensus_eps_estimate":null,"consensus_eps_actual":2.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":815336000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208432,"accession_number":"0001604028-24-000026","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-07-18T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems elects Luther C. Kissam IV to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kissam elected at July 18 annual meeting; effective immediately.","Kissam previously served as Chairman, President, and CEO of Albemarle Corp. until 2020.","He also serves on boards of OGE Energy Corp (NYSE: OGE) and DuPont de Nemours (NYSE: DD).","All 11 director nominees elected; say-on-pay passed with 57.7M votes for.","Deloitte & Touche LLP ratified as independent auditor for fiscal 2025 with 62.1M for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208431,"accession_number":"0001604028-24-000023","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-07-08T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Advanced Drainage Systems EVP Sales Michael Huebert resigns effective July 19, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael G. Huebert, EVP Sales, resigned to pursue an executive role at another company.","Resignation effective July 19, 2024; not due to any dispute with the company.","No replacement named at this time; search for successor underway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226119,"accession_number":"0001604028-24-000013","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-05-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Advanced Drainage Systems approves FY2025 cash incentive plan with 80% EBITDA weighting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["FY2025 incentive plan uses Adjusted EBITDA (80% weight) and Total Net Sales (20% weight) for NEOs.","Payouts range from 0% (threshold) to 200% (maximum) of target, using linear interpolation.","Adjusted EBITDA minimum must be achieved to trigger any payout from the Net Sales measure.","Awards will be paid in a lump sum after fiscal year end March 31, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226118,"accession_number":"0001604028-24-000008","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems reports Q4 EPS $1.21, raises dividend 14% to $0.16/quarter","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $653.8M (+5.9% YoY), net income $95.5M (+10.6%), diluted EPS $1.21 (+14.5%).","Fiscal 2024 net sales $2,874.5M (-6.4%) but Adjusted EBITDA record $922.9M (+2.1%), margin 32.1%.","Quarterly dividend increased 14% to $0.16/share; payable June 14, record May 31, 2024.","Management expects FY2025 volume growth in residential and infrastructure, with margins at least equal to FY2024."],"consensus_eps_estimate":null,"consensus_eps_actual":6.45,"consensus_revenue_estimate":null,"consensus_revenue_actual":2874473000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245200,"accession_number":"0001604028-24-000003","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2024-02-08T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q3 revenue up 1.1% to $662.4M; adj EPS $1.37 (+35.6%); raises dividend 17%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $662.4M (+1.1% YoY); net income $106.9M (+28.5%); diluted EPS $1.34.","Adjusted EBITDA $204.2M (+20.3%); record margin 30.8% vs 25.9% prior year.","Infiltrator sales +16.8% to $103.9M; domestic pipe -5.2% to $346.1M.","Company updated guidance reflecting improved demand; non-residential remains uncertain.","Board approved quarterly cash dividend $0.14/share (+17% YoY), payable March 15."],"consensus_eps_estimate":null,"consensus_eps_actual":5.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":2220633000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":262650,"accession_number":"0001604028-23-000047","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-11-02T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems Q2 FY2024 revenue down 11.8% to $780M; raises guidance midpoint; dividend up 17% to $0.14","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $780.2M (-11.8% YoY); diluted EPS $1.71 (-4.8%); Adjusted EBITDA $246.3M (-6.4%) with margin expansion to 31.6%.","FY2024 Adjusted EBITDA guidance mid-point increased; revenue target narrowed to upper end of prior range.","Quarterly cash dividend raised 17% to $0.14 per share, payable Dec 15 to holders of record Dec 1.","New manufacturing facility announced in Lake Wales, Florida to support growth in Southeast region.","Management cites demand headwinds from higher interest rates but confidence in margin performance and secular water management trends."],"consensus_eps_estimate":null,"consensus_eps_actual":3.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":1558266000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":279835,"accession_number":"0001604028-23-000033","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-08-03T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems Q1 FY24 net sales down 14.9% to $778M; EPS $2.18; dividend up 17% to $0.14","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales fell 14.9% to $778.0M; diluted EPS $2.18 (down 1.7%); adjusted EBITDA $281.3M (-5.9%) with record margin 36.2%.","Domestic pipe sales down 18.3% to $428.6M; Infiltrator down 14.9% to $141.5M; International down 26.2% to $52.8M.","Board declared quarterly dividend of $0.14/share, a 17% increase, payable Sept 15, 2023 to holders of record Sept 1.","Management cited better-than-expected Infiltrator and Allied products performance; cost controls boosted adjusted EBITDA margin 350 bps.","Gross profit $331.5M (-5.9%); free cash flow $201.9M (-5.5%)."],"consensus_eps_estimate":null,"consensus_eps_actual":2.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":778046000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":279834,"accession_number":"0001604028-23-000029","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-07-21T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Advanced Drainage Systems stockholders elect 12 directors, ratify auditor, approve executive pay","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 12 director nominees elected; D. Scott Barbour received highest 'for' votes (67.66M).","Ratification of Deloitte & Touche as independent auditor for FY2024 approved: 63.83M for, 6.53M against.","Advisory vote on executive compensation approved: 60.74M for, 6.57M against; 2.40M broker non-votes.","Meeting held July 20, 2023; proposals described in June 7, 2023 proxy statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298294,"accession_number":"0001604028-23-000017","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-05-23T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEO compensation plan approved for FY2024 with 80% EBITDA, 20% sales weighting","summary_kind":"llm","event_type":"other","confidence":"medium","bullets":["Compensation Committee approved FY2024 Annual Cash Incentive Plan on May 17, 2023.","80% of incentive award based on Adjusted EBITDA; 20% on Total Net Sales.","Funding trigger requires minimum Adjusted EBITDA before any sales-based payout.","Payouts range from 0% to 200% of target depending on performance.","Awards paid in lump sum after March 31, 2024 fiscal year-end."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298293,"accession_number":"0001604028-23-000012","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems reports FY23 record revenue $3.07B (+10.9%), net income $511.4M (+85.9%), dividend up 17%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales down 8.9% YoY to $617.6M; net income up 83.1% to $86.3M.","Q4 Adjusted EBITDA $172.0M, up 2.1% YoY; margin 27.8% vs 24.8% prior year.","FY23 diluted EPS $6.08; Adjusted EBITDA $904.0M, up 33.7%.","Free cash flow $540.9M, up $415.1M YoY.","Quarterly cash dividend increased 17% to $0.14 (annual $0.56), payable June 15 to holders of record June 1."],"consensus_eps_estimate":null,"consensus_eps_actual":6.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":3071121000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":318543,"accession_number":"0001604028-23-000006","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-02-02T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q3 sales $655M (-8.4%); net income $83M (+11.7%); dividend raised 9% to $0.12","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $655.2M (-8.4% YoY); net income $83.2M (+11.7% YoY); adjusted EBITDA $169.7M (-3.6% YoY).","Infiltrator sales fell 30.1% to $103.9M; domestic pipe sales down 6.1% to $375.7M.","Free cash flow $533.6M YTD, up 370% YoY; cash from ops $660.4M, up 240.7%.","Board declared $0.12 quarterly dividend (9% increase over prior year), payable Mar 15, 2023 to holders of record Mar 1, 2023.","Management expects challenging demand for most of calendar 2023; reducing headcount and optimizing network."],"consensus_eps_estimate":null,"consensus_eps_actual":5.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":2453562000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":318542,"accession_number":"0001604028-23-000003","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2023-01-17T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems EVP Roy Moore to retire May 31, 2023; Craig Taylor to succeed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Roy Moore, Executive Vice President, retires effective May 31, 2023; he joined via Infiltrator acquisition in 2019.","Craig Taylor, currently VP of Finance at Infiltrator, will succeed Moore as EVP.","Moore led Infiltrator as CEO from 2005 to 2019; Taylor previously held finance roles at Stanley Black & Decker.","Taylor joined ADS in February 2020; holds Finance degree from Bryant University and MBA from UMass."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336785,"accession_number":"0001604028-22-000064","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-11-09T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems presents at Baird conference with updated investor deck","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Executives attending Baird Global Industrials Conference on Nov 9, 2022.","Company furnished an investor presentation as Exhibit 99.1.","No new financial guidance or material changes identifiable from the filing text."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":336784,"accession_number":"0001604028-22-000058","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-11-03T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS reports record Q2 revenue $884M (+25%); net income up 101%; raises dividend 9%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $884.2M (+25.2% YoY); net income $153.4M (+101%); adjusted EBITDA $263.2M (+59.7%).","Revenue guidance lowered to original FY2023 range of $3.1B-$3.2B; EBITDA guidance unchanged.","Record Q2 revenue driven by favorable pricing and volume in pipe, septic, allied products; residential and agriculture strength.","Dividend increased 9% to $0.12 per share; payable Dec 15, record Dec 1."],"consensus_eps_estimate":null,"consensus_eps_actual":4.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":1798395000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":354164,"accession_number":"0001604028-22-000045","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-08-04T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS Q1 FY2023: revenue +37% to $914M, net income +144%, raises guidance, dividend up 9%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $914.2M (+36.6% YoY); net income $188.5M (+144.4%) from $669.3M and $77.0M a year ago.","Adjusted EBITDA $299.0M (+79.5%); margin expanded to 32.7% from 24.9%.","Company raises FY 2023 revenue and Adjusted EBITDA guidance citing broad-based strength and share gains.","Board approved a 9% dividend increase to $0.12/share, payable Sept 15, 2022 to holders of record Sept 1."],"consensus_eps_estimate":null,"consensus_eps_actual":2.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":914186000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":354163,"accession_number":"0001604028-22-000043","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-07-21T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems elects Kelly Gast to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kelly Gast elected director with 72.8M votes for, 0.4M against, 0.9M abstentions.","Gast is CFO of Bayer's Crop Science division, previously SVP & CFO of Bayer US.","Stockholders ratified Deloitte as auditor for FY2023 with 73.9M votes for, 1.5M against.","Advisory vote approved exec compensation (69.5M for, 3.3M against); frequency set at one year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372056,"accession_number":"0001604028-22-000038","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-06-09T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Advanced Drainage Systems issues $500M 6.375% senior notes due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $500M aggregate principal of 6.375% senior notes due June 15, 2030.","Interest payable semi-annually on Jan 15 and July 15, starting Jan 15, 2023.","Notes guaranteed by domestic subsidiaries; net proceeds to repay revolver and for general corporate purposes.","Redemption: make-whole prior to July 15, 2025; thereafter at specified prices; up to 40% with equity proceeds at 106.375%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372055,"accession_number":"0001604028-22-000032","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-06-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems prices $500M of 6.375% senior notes due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$500M aggregate principal amount of 6.375% senior unsecured notes due 2030.","Offering expected to close June 9, 2022, subject to customary closing conditions.","Net proceeds to repay outstanding borrowings under senior secured revolver; remainder for general corporate purposes.","Notes are unsecured and guaranteed by domestic subsidiaries that guarantee the credit facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372054,"accession_number":"0001604028-22-000030","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-06-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Advanced Drainage Systems announces proposed $500M senior notes offering due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Up to $500M aggregate principal of senior unsecured notes due 2030.","Notes will be guaranteed by domestic subsidiaries that guarantee the revolver.","Proceeds to repay outstanding revolver borrowings; remainder for general corporate purposes.","Offering is private, exempt from registration under Rule 144A/Regulation S."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372053,"accession_number":"0001193125-22-162500","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-05-27T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Advanced Drainage Systems increases revolving credit facility to $600M, extends maturity to May 2027","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving facility raised from $350M to $600M; swing-line sub-limit increased from $50M to $60M.","Maturity extended to May 26, 2027; reference rate switched from LIBOR to SOFR.","Applicable margin revised: step-down to 175 bps (SOFR loans) if senior secured leverage <2.00x.","Incremental revolving commitment of $250M added; existing lenders assigned participations pro rata."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372052,"accession_number":"0001604028-22-000028","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-05-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"ADS sets FY2023 annual cash incentive plan with Adjusted EBITDA, net sales, and individual goals","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["FY2023 Annual Cash Incentive Plan approved May 18, 2022; 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adjusted EBITDA up 78%; dividend raised 9%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $678.2M (+52.8% YoY); net income $47.1M (+126.8%); adjusted EBITDA $168.5M (+78.2%).","FY2022 net sales $2,769.3M (+39.7%); net income $275.0M (+21.6%); adjusted EBITDA $676.0M (+19.2%).","Quarterly cash dividend raised 9% to $0.12 per share; payable June 15, 2022 to holders of record June 1, 2022.","Board Chair C. Robert Kidder not standing for re-election; Robert M. Eversole elected as new Chair; Sustainability Committee formed."],"consensus_eps_estimate":null,"consensus_eps_actual":3.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":2769315000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372049,"accession_number":"0001604028-22-000014","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-05-02T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"ADS acquires plastic stormwater/septic chamber maker Cultec, Inc.","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Advanced Drainage Systems acquired Cultec, Inc., a family-owned plastic stormwater and septic chamber company.","Cultec was founded in 1986 by Bob DiTullio Sr.; headquartered in Brookfield, Connecticut.","The acquisition expands ADS’ product portfolio in stormwater and on-site septic markets.","No financial terms of the deal were disclosed in the announcement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":390952,"accession_number":"0001604028-22-000011","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-03-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"ADS holds Investor Day; no material new financial data disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Company hosted an Investor Day conference on March 10, 2022 in New York City.","Presentation slides provided as Exhibit 99.1 emphasize water management solutions.","No specific financial guidance, EPS, or revenue figures were included in the filing or exhibit.","A replay of the webcast is available on the company's investor relations website."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":390951,"accession_number":"0001604028-22-000008","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-02-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"ADS terminates ESOP: repays $0.3M loan, converts preferred stock to common; pro forma EPS ~$3.03","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized cash contribution to ESOP to repay outstanding ESOP loan of ~$0.3M; repayment effective March 31, 2022.","All ~0.3M preferred shares (convertible at 0.7692 into common) will be converted to common stock after loan repayment.","ESOP merged into existing 401(k) plan effective April 1, 2022, replacing leveraged ESOP with employer matching contributions.","Pro forma basic EPS of $3.03 (FY2021) and $3.08 (nine months Dec 2021) vs historical $2.64 and $2.67.","One-time accelerated ESOP compensation expense of ~$34M in Q4 FY2022; ongoing 401(k) expense ~$8-10M annual."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":390950,"accession_number":"0001604028-22-000004","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2022-02-03T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Advanced Drainage Q3 revenue up 47% to $715M; dividend raised 22%; new $1B buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $715.4M (+47.1% YoY); net income $74.5M (+37.8%); Adj. EBITDA $176.2M (+26.9%).","Domestic pipe sales rose 57.4% to $400M; Infiltrator sales up 51.1% to $148.7M.","Quarterly dividend increased 22% to $0.11/share, payable March 15 to holders of record March 1.","Board authorized new $1B stock repurchase program; $292M in buybacks executed YTD.","Management increased sales targets and reaffirmed Adj. EBITDA guidance for FY2022."],"consensus_eps_estimate":null,"consensus_eps_actual":2.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":2091128000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":409069,"accession_number":"0001604028-21-000015","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2021-12-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"ADS acquires Jet Polymer Recycling, a plastic recycler in southeastern US","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Acquired Jet Polymer Recycling, a privately-owned recycler in southeastern US; no deal terms disclosed.","Jet operates three recycling plants in Alabama and Georgia.","Jet is the largest supplier of recycled polypropylene for ADS subsidiary Infiltrator Water Technologies.","Acquisition aims to secure high-quality recycled plastic for growth in on-site septic wastewater business."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":409068,"accession_number":"0001604028-21-000010","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2021-11-04T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"ADS posts record Q2 sales of $706.5M (+30% YoY), net income down 5.3%; declares $0.11 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales rose 29.8% to $706.5M, driven by double-digit growth in U.S. construction, agriculture, and Infiltrator sales up 37.7%.","Net income decreased 5.3% to $76.3M; adjusted EBITDA fell 5.3% to $164.8M (23.3% margin vs 32.0% a year ago) due to labor shortages and higher logistics costs.","Board approved $0.11 quarterly cash dividend, payable Dec. 15, 2021 to shareholders of record Dec. 1, 2021.","Year-to-date cash from operations was $94.9M; free cash flow totaled $31.1M; capital spending more than doubled YoY.","Management reaffirmed adjusted EBITDA guidance and raised sales targets, citing strong backlog and pricing traction."],"consensus_eps_estimate":null,"consensus_eps_actual":1.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":1375771000.0,"consensus_period":"2021-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":10250280000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":427994,"accession_number":"0001604028-21-000004","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","ticker":"WMS","form_type":"8-K","filed_at":"2021-09-08T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Advanced Drainage Systems announces departure of EVP Engineering Ronald R. 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