{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-23-000033","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.518230+00:00","generated_at":"2026-06-12T08:22:33.405624+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 Q1 FY24 net sales down 14.9% to $778M; EPS $2.18; dividend up 17% to $0.14","bullets":["Net sales fell 14.9% to $778.0M; diluted EPS $2.18 (down 1.7%); adjusted EBITDA $281.3M (-5.9%) with record margin 36.2%.","Domestic pipe sales down 18.3% to $428.6M; Infiltrator down 14.9% to $141.5M; International down 26.2% to $52.8M.","Board declared quarterly dividend of $0.14/share, a 17% increase, payable Sept 15, 2023 to holders of record Sept 1.","Management cited better-than-expected Infiltrator and Allied products performance; cost controls boosted adjusted EBITDA margin 350 bps.","Gross profit $331.5M (-5.9%); free cash flow $201.9M (-5.5%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-23-000033","json":"https://secwatch.observer/filing/0001604028-23-000033.json","markdown":"https://secwatch.observer/filing/0001604028-23-000033.md","text":"https://secwatch.observer/filing/0001604028-23-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000033/0001604028-23-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000033/wms-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T08:22:33.405624+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":"3c03a649f9d7f76dc418201fd27cdf1573e74c4a","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal first quarter ended June 30, 2023 results: revenue $778.0 million, net income $173.9 million, EPS $2.18.","evidence_excerpt":"Net sales decreased 14.9% to $778.0 million • Net income decreased 7.7% to $173.9 million • Net income per diluted share decreased 1.7% to $2.18","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402823000033/0001604028-23-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended June 30, 2023"},{"label":"Revenue","value":"$778.0 million"},{"label":"Net income","value":"$173.9 million"},{"label":"EPS","value":"$2.18"},{"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"}