---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-22-000004"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T11:43:05.243835+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Advanced Drainage Q3 revenue up 47% to $715M; dividend raised 22%; new $1B buyback

## Summary
- 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.

## SEC filing metadata
- accession: 0001604028-22-000004
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2022-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000004/0001604028-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000004/wms-20220203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-22-000004
- JSON: https://secwatch.observer/filing/0001604028-22-000004.json
- Plain text: https://secwatch.observer/filing/0001604028-22-000004.txt

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