---
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"
generated_at: "2026-06-28T13:01:02.511420+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ADS posts record Q2 sales of $706.5M (+30% YoY), net income down 5.3%; declares $0.11 dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-21-000010
- JSON: https://secwatch.observer/filing/0001604028-21-000010.json
- Plain text: https://secwatch.observer/filing/0001604028-21-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.