{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-24-000029","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.732614+00:00","generated_at":"2026-05-31T10:56:31.006978+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ADS reports fiscal Q1 net sales up 4.8%, but net income down 6.7%; declares 14% higher dividend","bullets":["Net sales $815.3M (+4.8% YoY); net income $162.3M (-6.7%); diluted EPS $2.06 (-5.5%).","Adjusted EBITDA $275.5M (-2.1%); adjusted EPS flat at $2.06; margin 33.8% (down from 36.2%).","Domestic pipe +2.5% to $431.4M; Allied +7.6%; Infiltrator +5.9%; International +10.4%.","Quarterly dividend raised 14% to $0.16/share; payable Sept 13, record Aug 30.","CEO cites IIJA tailwinds and volume growth in infrastructure; unfavorable pricing and costs pressured margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-24-000029","json":"https://secwatch.observer/filing/0001604028-24-000029.json","markdown":"https://secwatch.observer/filing/0001604028-24-000029.md","text":"https://secwatch.observer/filing/0001604028-24-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000029/0001604028-24-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000029/wms-20240808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T10:56:31.006978+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}