---
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"
generated_at: "2026-06-06T05:39:55.510878+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ADS Q3 revenue up 1.1% to $662.4M; adj EPS $1.37 (+35.6%); raises dividend 17%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-24-000003
- JSON: https://secwatch.observer/filing/0001604028-24-000003.json
- Plain text: https://secwatch.observer/filing/0001604028-24-000003.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal third quarter ended December 31, 2023
  - Revenue: $662.4 million
  - Net income: $106.9 million
  - EPS: $1.34
  - Guidance: reaffirmed
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/0001604028-24-000003-index.htm
- Earnings Releases
  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.
  - Period: year-to-date Fiscal 2024
  - Revenue: $2,220.6 million
  - Net income: $417.8 million
  - EPS: $5.24
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/0001604028-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.