{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-25-000027","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.469697+00:00","generated_at":"2026-05-17T17:37:20.759744+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"ADS Q1 net income drops 11% to $144M; raises dividend 13% to $0.18","bullets":["Net sales $829.9M (+1.8% YoY); net income $144.1M (-11.2%); diluted EPS $1.84 vs $2.06.","Adjusted EBITDA $278.2M (+1.0%); margin 33.5% vs 33.8%.","Infiltrator sales up 21.1% to $178.4M (includes Orenco); domestic pipe down 2.5% to $415.5M.","Acquired River Valley Pipe early in quarter to strengthen geographic presence.","Quarterly dividend of $0.18/share (13% increase), payable Sept 15, 2025 to record holders Aug 29."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-25-000027","json":"https://secwatch.observer/filing/0001604028-25-000027.json","markdown":"https://secwatch.observer/filing/0001604028-25-000027.md","text":"https://secwatch.observer/filing/0001604028-25-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402825000027/0001604028-25-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402825000027/wms-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:37:20.759744+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"}