secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001604028-21-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402821000010/0001604028-21-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402821000010/wms-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001604028-21-000010

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