secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001604028-22-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/0001604028-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000058/wms-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001604028-22-000058

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