secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001604028-22-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000004/0001604028-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000004/wms-20220203.htm
  HTML page:      https://secwatch.observer/filing/0001604028-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer