{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-24-000008","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.180523+00:00","generated_at":"2026-06-01T21:07:07.128948+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Advanced Drainage Systems reports Q4 EPS $1.21, raises dividend 14% to $0.16/quarter","bullets":["Q4 net sales $653.8M (+5.9% YoY), net income $95.5M (+10.6%), diluted EPS $1.21 (+14.5%).","Fiscal 2024 net sales $2,874.5M (-6.4%) but Adjusted EBITDA record $922.9M (+2.1%), margin 32.1%.","Quarterly dividend increased 14% to $0.16/share; payable June 14, record May 31, 2024.","Management expects FY2025 volume growth in residential and infrastructure, with margins at least equal to FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-24-000008","json":"https://secwatch.observer/filing/0001604028-24-000008.json","markdown":"https://secwatch.observer/filing/0001604028-24-000008.md","text":"https://secwatch.observer/filing/0001604028-24-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/wms-20240516.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T21:07:07.128948+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":"1ed903a8103a49af0a67348a91bf3032f2cef18f","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal year ended March 31, 2024 results: revenue $2,874.5 million, net income $513.3 million, EPS $6.45. Guidance initiated.","evidence_excerpt":"Fiscal 2024 Results • Net sales decreased 6.4% to $2,874.5 million • Net income increased 0.4% to $513.3 million • Diluted net income per share increased 6.1% to $6.45","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended March 31, 2024"},{"label":"Revenue","value":"$2,874.5 million"},{"label":"Net income","value":"$513.3 million"},{"label":"EPS","value":"$6.45"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fde47e8712bc8fecfb7f86b84ec6db35d0ebbae1","claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2024 results: revenue $653.8 million, net income $95.5 million, EPS $1.21. Guidance initiated.","evidence_excerpt":"Fourth Quarter Fiscal 2024 Results • Net sales increased 5.9% to $653.8 million • Net income increased 10.6% to $95.5 million • Diluted net income per share increased 14.5% to $1.21","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended March 31, 2024"},{"label":"Revenue","value":"$653.8 million"},{"label":"Net income","value":"$95.5 million"},{"label":"EPS","value":"$1.21"},{"label":"Guidance","value":"initiated"},{"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"}