secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001604028-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADS Q4 net sales up 53% to $678.2M; adjusted EBITDA up 78%; dividend raised 9%
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- Q4 net sales $678.2M (+52.8% YoY); net income $47.1M (+126.8%); adjusted EBITDA $168.5M (+78.2%).
- FY2022 net sales $2,769.3M (+39.7%); net income $275.0M (+21.6%); adjusted EBITDA $676.0M (+19.2%).
- Quarterly cash dividend raised 9% to $0.12 per share; payable June 15, 2022 to holders of record June 1, 2022.
- Board Chair C. Robert Kidder not standing for re-election; Robert M. Eversole elected as new Chair; Sustainability Committee formed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000020/0001604028-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000020/wms-20220518.htm
  HTML page:      https://secwatch.observer/filing/0001604028-22-000020

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