---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-25-000041"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:42:31.298799+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Advanced Drainage Systems Q2 beats: EPS $1.99, sales up 8.7%, raises guidance, dividend +13%

## Summary
- Q2 net sales $850.4M (+8.7% YoY); diluted EPS $1.99 (+19.2%); adjusted EPS $1.97 (+15.9%).
- Adjusted EBITDA $287.5M (+17.1%), margin 33.8% vs 31.4% prior year.
- Infiltrator revenue up 25.2% (organic 7.1%); Orenco and River Valley Pipe contributed 3.6% to revenue.
- $0.18 quarterly dividend (+13% vs prior year), payable Dec 15, 2025; record Dec 1.
- Fiscal 2026 guidance raised after better-than-expected first half; end market outlook unchanged.

## SEC filing metadata
- accession: 0001604028-25-000041
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604028/000160402825000041/0001604028-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402825000041/wms-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-25-000041
- JSON: https://secwatch.observer/filing/0001604028-25-000041.json
- Plain text: https://secwatch.observer/filing/0001604028-25-000041.txt

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