{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-24-000003","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.780957+00:00","generated_at":"2026-06-06T05:39:55.510878+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"ADS Q3 revenue up 1.1% to $662.4M; adj EPS $1.37 (+35.6%); raises dividend 17%","bullets":["Net sales $662.4M (+1.1% YoY); net income $106.9M (+28.5%); diluted EPS $1.34.","Adjusted EBITDA $204.2M (+20.3%); record margin 30.8% vs 25.9% prior year.","Infiltrator sales +16.8% to $103.9M; domestic pipe -5.2% to $346.1M.","Company updated guidance reflecting improved demand; non-residential remains uncertain.","Board approved quarterly cash dividend $0.14/share (+17% YoY), payable March 15."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-24-000003","json":"https://secwatch.observer/filing/0001604028-24-000003.json","markdown":"https://secwatch.observer/filing/0001604028-24-000003.md","text":"https://secwatch.observer/filing/0001604028-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/0001604028-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/wms-20240208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:39:55.510878+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":"23010a2bdfec9cea8a8db3c770e30cbfc771407f","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal third quarter ended December 31, 2023 results: revenue $662.4 million, net income $106.9 million, EPS $1.34. Guidance reaffirmed.","evidence_excerpt":"• Net sales increased 1.1% to $662.4 million • Net income increased 28.5% to $106.9 million • Net income per diluted share increased 35.4% to $1.34","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/0001604028-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended December 31, 2023"},{"label":"Revenue","value":"$662.4 million"},{"label":"Net income","value":"$106.9 million"},{"label":"EPS","value":"$1.34"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d3a1e24c7c4a383996c296294d71384f5057ab46","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported year-to-date Fiscal 2024 results: revenue $2,220.6 million, net income $417.8 million, EPS $5.24. Guidance reaffirmed.","evidence_excerpt":"Year-to-Date Fiscal 2024 Results • Net sales decreased 9.5% to $2,220.6 million • Net income decreased 1.7% to $417.8 million • Net income per diluted share increased 4.4% to $5.24","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/0001604028-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year-to-date Fiscal 2024"},{"label":"Revenue","value":"$2,220.6 million"},{"label":"Net income","value":"$417.8 million"},{"label":"EPS","value":"$5.24"},{"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"}