---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-26-000034"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2026-08-06T11:03:14+00:00"
generated_at: "2026-08-06T11:06:47.003961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ADS Q1 FY2027: net sales up 20.6% to $1.0B, EPS $2.26 (+22.8%), dividend raised 11%

## Summary
- Net sales $1,001.1M (+20.6% YoY); organic net sales +9.2%; Stormwater sales $809.4M (+24.2%).
- Net income from continuing ops $176.6M (+22.5%); diluted EPS $2.26 vs $1.84; Adjusted EBITDA $358.3M (+28.8%).
- Repurchased $228.5M of common stock during the quarter.
- Board declared $0.20/share quarterly dividend, an 11% increase over prior year; payable Sept 15, record Sept 1.
- Management cautious on demand but cites strong non-residential market and NDS acquisition contribution.

## SEC filing metadata
- accession: 0001604028-26-000034
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2026-08-06T11:03:14+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604028/000160402826000034/0001604028-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402826000034/wms-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-26-000034
- JSON: https://secwatch.observer/filing/0001604028-26-000034.json
- Plain text: https://secwatch.observer/filing/0001604028-26-000034.txt

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