secwatch.observer — SEC 8-K summary
======================================

Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001604028-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/0001604028-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402824000003/wms-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001604028-24-000003

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