{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-21-000010","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2021-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:13.279167+00:00","generated_at":"2026-06-28T13:01:02.511420+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ADS posts record Q2 sales of $706.5M (+30% YoY), net income down 5.3%; declares $0.11 dividend","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-21-000010","json":"https://secwatch.observer/filing/0001604028-21-000010.json","markdown":"https://secwatch.observer/filing/0001604028-21-000010.md","text":"https://secwatch.observer/filing/0001604028-21-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402821000010/0001604028-21-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402821000010/wms-20211104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T13:01:02.511420+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}