{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-23-000012","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2023-05-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.622690+00:00","generated_at":"2026-06-14T21:16:33.357765+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Advanced Drainage Systems reports FY23 record revenue $3.07B (+10.9%), net income $511.4M (+85.9%), dividend up 17%","bullets":["Q4 net sales down 8.9% YoY to $617.6M; net income up 83.1% to $86.3M.","Q4 Adjusted EBITDA $172.0M, up 2.1% YoY; margin 27.8% vs 24.8% prior year.","FY23 diluted EPS $6.08; Adjusted EBITDA $904.0M, up 33.7%.","Free cash flow $540.9M, up $415.1M YoY.","Quarterly cash dividend increased 17% to $0.14 (annual $0.56), payable June 15 to holders of record June 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-23-000012","json":"https://secwatch.observer/filing/0001604028-23-000012.json","markdown":"https://secwatch.observer/filing/0001604028-23-000012.md","text":"https://secwatch.observer/filing/0001604028-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000012/0001604028-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000012/wms-20230518.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T21:16:33.357765+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":"a0a2a12f6ba8aad7dac37e987bd5f4a6b1be6e3c","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal year ended March 31, 2023 results: revenue $3,071.1 million, net income $511.4 million, EPS $6.08.","evidence_excerpt":"Fiscal 2023 Results • Net sales increased 10.9% to $3,071.1 million • Net income increased 85.9% to $511.4 million • Diluted net income per share of $6.08","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000012/0001604028-23-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended March 31, 2023"},{"label":"Revenue","value":"$3,071.1 million"},{"label":"Net income","value":"$511.4 million"},{"label":"EPS","value":"$6.08"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a838ba196ce091fdcb6febb7d612785e7c82e5f8","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2023 results: revenue $617.6 million, net income $86.3 million.","evidence_excerpt":"Fourth Quarter Fiscal 2023 Results • Net sales decreased 8.9% to $617.6 million • Net income increased 83.1% to $86.3 million • Adjusted EBITDA (Non-GAAP) increased 2.1% to $172.0 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000012/0001604028-23-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended March 31, 2023"},{"label":"Revenue","value":"$617.6 million"},{"label":"Net income","value":"$86.3 million"},{"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"}