secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001604028-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Drainage Systems reports FY23 record revenue $3.07B (+10.9%), net income $511.4M (+85.9%), dividend up 17%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402823000012/0001604028-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402823000012/wms-20230518.htm
  HTML page:      https://secwatch.observer/filing/0001604028-23-000012

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