---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-25-000002"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:39:39.599661+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ADS Q3 EPS $1.04 (-22%); net sales +4.3%; declares $0.16 dividend (+14%)

## Summary
- Net sales $690.5M (+4.3% YoY); net income $82.3M (-23%); diluted EPS $1.04 (-22.3%).
- Adjusted EBITDA $191.5M (-6.2%); adjusted EPS $1.09 (-20.3%).
- Infiltrator segment revenue +30.3% to $135.3M; organic +5.8% ex-Orenco acquisition.
- Board declared $0.16/share cash dividend (+14% YoY), payable Mar 14, record Feb 28.
- SG&A up 10.4% due to Orenco; gross profit down 7% on unfavorable pricing/mix.

## SEC filing metadata
- accession: 0001604028-25-000002
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604028/000160402825000002/0001604028-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402825000002/wms-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-25-000002
- JSON: https://secwatch.observer/filing/0001604028-25-000002.json
- Plain text: https://secwatch.observer/filing/0001604028-25-000002.txt

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