{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-23-000006","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2023-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.797487+00:00","generated_at":"2026-06-20T02:24:14.585975+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ADS Q3 sales $655M (-8.4%); net income $83M (+11.7%); dividend raised 9% to $0.12","bullets":["Net sales $655.2M (-8.4% YoY); net income $83.2M (+11.7% YoY); adjusted EBITDA $169.7M (-3.6% YoY).","Infiltrator sales fell 30.1% to $103.9M; domestic pipe sales down 6.1% to $375.7M.","Free cash flow $533.6M YTD, up 370% YoY; cash from ops $660.4M, up 240.7%.","Board declared $0.12 quarterly dividend (9% increase over prior year), payable Mar 15, 2023 to holders of record Mar 1, 2023.","Management expects challenging demand for most of calendar 2023; reducing headcount and optimizing network."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-23-000006","json":"https://secwatch.observer/filing/0001604028-23-000006.json","markdown":"https://secwatch.observer/filing/0001604028-23-000006.md","text":"https://secwatch.observer/filing/0001604028-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000006/0001604028-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000006/wms-20230202.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T02:24:14.585975+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":"244d4db4ef60694a1107dd9278d1817a81105644","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal third quarter ended December 31, 2022 results: revenue $655.2 million, net income $83.2 million. Guidance reaffirmed.","evidence_excerpt":"Third Quarter Fiscal 2023 Results • Net sales decreased 8.4% to $655.2 million • Net income increased 11.7% to $83.2 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000006/0001604028-23-000006-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal third quarter ended December 31, 2022"},{"label":"Revenue","value":"$655.2 million"},{"label":"Net income","value":"$83.2 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ca00424c7675accb3f4eef4144bd52a31c7c4ed8","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported Year-to-Date Fiscal 2023 results: revenue $2,453.6 million, net income $425.0 million. Guidance reaffirmed.","evidence_excerpt":"Year-to-Date Fiscal 2023 Results • Net sales increased 17.3% to $2,453.6 million • Net income increased 86.5% to $425.0 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000006/0001604028-23-000006-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Year-to-Date Fiscal 2023"},{"label":"Revenue","value":"$2,453.6 million"},{"label":"Net income","value":"$425.0 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}