---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-22-000045"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:09:07.744886+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ADS Q1 FY2023: revenue +37% to $914M, net income +144%, raises guidance, dividend up 9%

## Summary
- Net sales $914.2M (+36.6% YoY); net income $188.5M (+144.4%) from $669.3M and $77.0M a year ago.
- Adjusted EBITDA $299.0M (+79.5%); margin expanded to 32.7% from 24.9%.
- Company raises FY 2023 revenue and Adjusted EBITDA guidance citing broad-based strength and share gains.
- Board approved a 9% dividend increase to $0.12/share, payable Sept 15, 2022 to holders of record Sept 1.

## SEC filing metadata
- accession: 0001604028-22-000045
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2022-08-04T23:59:59+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/1604028/000160402822000045/0001604028-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000045/wms-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-22-000045
- JSON: https://secwatch.observer/filing/0001604028-22-000045.json
- Plain text: https://secwatch.observer/filing/0001604028-22-000045.txt

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