---
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"
generated_at: "2026-06-01T21:07:07.128948+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Advanced Drainage Systems reports Q4 EPS $1.21, raises dividend 14% to $0.16/quarter

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-24-000008
- JSON: https://secwatch.observer/filing/0001604028-24-000008.json
- Plain text: https://secwatch.observer/filing/0001604028-24-000008.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal year ended March 31, 2024
  - Revenue: $2,874.5 million
  - Net income: $513.3 million
  - EPS: $6.45
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended March 31, 2024
  - Revenue: $653.8 million
  - Net income: $95.5 million
  - EPS: $1.21
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm

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