---
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"
generated_at: "2026-06-22T09:05:57.350491+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ADS reports record Q2 revenue $884M (+25%); net income up 101%; raises dividend 9%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-22-000058
- JSON: https://secwatch.observer/filing/0001604028-22-000058.json
- Plain text: https://secwatch.observer/filing/0001604028-22-000058.txt

## Key facts
- Earnings Releases
  ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal second quarter ended September 30, 2022 results: revenue $884.2 million, net income $153.4 million. Guidance lowered.
  - Period: fiscal second quarter ended September 30, 2022
  - Revenue: $884.2 million
  - Net income: $153.4 million
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/0001604028-22-000058-index.htm
- Earnings Releases
  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.
  - Period: fiscal year-to-date ended September 30, 2022
  - Revenue: $1,798.4 million
  - Net income: $341.9 million
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/0001604028-22-000058-index.htm

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