{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-22-000058","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.375820+00:00","generated_at":"2026-06-22T09:05:57.350491+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"ADS reports record Q2 revenue $884M (+25%); net income up 101%; raises dividend 9%","bullets":["Net sales $884.2M (+25.2% YoY); net income $153.4M (+101%); adjusted EBITDA $263.2M (+59.7%).","Revenue guidance lowered to original FY2023 range of $3.1B-$3.2B; EBITDA guidance unchanged.","Record Q2 revenue driven by favorable pricing and volume in pipe, septic, allied products; residential and agriculture strength.","Dividend increased 9% to $0.12 per share; payable Dec 15, record Dec 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-22-000058","json":"https://secwatch.observer/filing/0001604028-22-000058.json","markdown":"https://secwatch.observer/filing/0001604028-22-000058.md","text":"https://secwatch.observer/filing/0001604028-22-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/0001604028-22-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/wms-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:05:57.350491+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"094c241bdd908496ea2f7ae0494d4200e6d251b2","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal second quarter ended September 30, 2022 results: revenue $884.2 million, net income $153.4 million. Guidance lowered.","evidence_excerpt":"today announced financial results for the fiscal second quarter ended September 30, 2022. Second Quarter Fiscal 2023 Results • Net sales increased 25.2% to $884.2 million • Net income increased 101.0% to $153.4 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/0001604028-22-000058-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended September 30, 2022"},{"label":"Revenue","value":"$884.2 million"},{"label":"Net income","value":"$153.4 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"97c4bf712b7713493d9ea122c6c3cd485995a24b","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal year-to-date ended September 30, 2022 results: revenue $1,798.4 million, net income $341.9 million. Guidance lowered.","evidence_excerpt":"Year-to-Date Fiscal 2023 Results • Net sales increased 30.7% to $1,798.4 million • Net income increased 122.8% to $341.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/0001604028-22-000058-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year-to-date ended September 30, 2022"},{"label":"Revenue","value":"$1,798.4 million"},{"label":"Net income","value":"$341.9 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}