---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-26-000004"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:27:10.702474+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Advanced Drainage Systems Q3 net income up 14.3% to $94M; increases dividend 13% and adds $1B buyback

## Summary
- Q3 net sales $693.4M (+0.4%), net income $94M (+14.3%), diluted EPS $1.19 (+14.4%).
- Adjusted EBITDA $209.2M (+9.3%), margin 30.2%; adjusted EPS $1.27 (+16.5%).
- Closed acquisition of NDS (stormwater/irrigation); updated FY2026 guidance to include NDS.
- Quarterly dividend $0.18/share (+13% YoY), payable March 16, 2026; $1B buyback authorization (total $1.148B).

## SEC filing metadata
- accession: 0001604028-26-000004
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2026-02-05T23:59:59+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/1604028/000160402826000004/0001604028-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402826000004/wms-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-26-000004
- JSON: https://secwatch.observer/filing/0001604028-26-000004.json
- Plain text: https://secwatch.observer/filing/0001604028-26-000004.txt

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