ADS realigns segments to Stormwater and Wastewater after NDS acquisition; recasts historical data

ADVANCED DRAINAGE SYSTEMS, INC.

Segment realignment follows NDS acquisition; new segments: Stormwater and Wastewater (formerly Infiltrator).
Segment profitability measure changed from adjusted gross profit to Adjusted EBITDA.
Fiscal 2026, 2025, 2024 quarterly data recast under new segments; no change to consolidated net sales, income, or EPS.
Example recast: Q4 FY2026 Stormwater Adjusted EBITDA $140M, Wastewater $61M (both in thousands).

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