secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001604028-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADS Q3 sales $655M (-8.4%); net income $83M (+11.7%); dividend raised 9% to $0.12
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402823000006/0001604028-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402823000006/wms-20230202.htm
  HTML page:      https://secwatch.observer/filing/0001604028-23-000006

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