Highest-materiality recent filing
ADS Q1 FY2027: net sales up 20.6% to $1.0B, EPS $2.26 (+22.8%), dividend raised 11%
Net sales $1,001.1M (+20.6% YoY); organic net sales +9.2%; Stormwater sales $809.4M (+24.2%).
Advanced Drainage Systems shareholders elect all nine directors, ratify auditor, approve say-on-pay
All nine director nominees elected with majority support; highest vote for Kelly S. Gast (67.3M for).
Advanced Drainage Systems hosts 2026 Investor Day, unveils fiscal 2030 outlook
Company unveils fiscal 2030 outlook and growth projections at Investor Day.
ADS realigns segments to Stormwater and Wastewater after NDS acquisition; recasts historical data
Segment realignment follows NDS acquisition; new segments: Stormwater and Wastewater (formerly Infiltrator).
Q4 GAAP EPS from continuing ops $0.43 (down 56.6% YoY), adjusted EPS $1.07 (up 3.9%); adjusted EBITDA $188M (+6.4%).
Advanced Drainage Systems issues $500M 5.375% senior notes due 2034 and amends credit facility
Issued $500M aggregate principal of 5.375% senior notes due March 1, 2034; interest payable semi-annually starting Sept 1, 2026.
Up to $500M aggregate principal amount of senior unsecured notes due 2034 offered in private transaction.
ADS prices $500M 5.375% senior notes due 2034 to refinance 2027 notes
Priced $500M aggregate 5.375% senior unsecured notes due 2034; closing expected Feb 27, 2026.
Q3 net sales $693.4M (+0.4%), net income $94M (+14.3%), diluted EPS $1.19 (+14.4%).
Advanced Drainage Systems completes $1.0B acquisition of Norma Group's water management business NDS
All-cash deal closed Feb 2, 2026; purchase price ~$1.0B plus adjustments.
Advanced Drainage Systems Q2 beats: EPS $1.99, sales up 8.7%, raises guidance, dividend +13%
Q2 net sales $850.4M (+8.7% YoY); diluted EPS $1.99 (+19.2%); adjusted EPS $1.97 (+15.9%).
ADS to acquire NDS from Norma Group for ~$1.0B, ~$875M net of tax benefits
All-cash deal adds NDS's $313M revenue (TTM June 2025) with ~90% U.S. sales; expected to close Q1 2026.
ADS Q1 net income drops 11% to $144M; raises dividend 13% to $0.18
Net sales $829.9M (+1.8% YoY); net income $144.1M (-11.2%); diluted EPS $1.84 vs $2.06.
EVP Supply Chain Darin Harvey resigns; shareholders re-elect directors, approve auditor, say-on-pay
Darin Harvey, EVP Supply Chain, resigned effective Aug 22, 2025; not due to any dispute or disagreement.
Advanced Drainage Systems Q4 net sales down 5.8% to $615.8M; EPS $0.99 (-18.2% YoY)
Net sales $615.8M (-5.8% YoY); net income $76.8M (-19.6%); diluted EPS $0.99 (-18.2%).
ADS Q3 EPS $1.04 (-22%); net sales +4.3%; declares $0.16 dividend (+14%)
Net sales $690.5M (+4.3% YoY); net income $82.3M (-23%); diluted EPS $1.04 (-22.3%).
ADS Q2 FY2025: net sales flat at $782.6M, EPS down 2.3% to $1.67; dividend raised 14%
Net sales $782.6M flat YoY; net income $131.2M down 4.3%; diluted EPS $1.67 (down 2.3%).
ADS subsidiary Infiltrator to acquire Orenco Systems, expanding advanced wastewater treatment
Definitive agreement: Infiltrator Water Technologies to acquire Orenco, a manufacturer of advanced onsite septic wastewater treatment products.
ADS reports fiscal Q1 net sales up 4.8%, but net income down 6.7%; declares 14% higher dividend
Net sales $815.3M (+4.8% YoY); net income $162.3M (-6.7%); diluted EPS $2.06 (-5.5%).
Advanced Drainage Systems elects Luther C. Kissam IV to board of directors
Kissam elected at July 18 annual meeting; effective immediately.
Advanced Drainage Systems EVP Sales Michael Huebert resigns effective July 19, 2024
Michael G. Huebert, EVP Sales, resigned to pursue an executive role at another company.
Advanced Drainage Systems approves FY2025 cash incentive plan with 80% EBITDA weighting
FY2025 incentive plan uses Adjusted EBITDA (80% weight) and Total Net Sales (20% weight) for NEOs.
Advanced Drainage Systems reports Q4 EPS $1.21, raises dividend 14% to $0.16/quarter
Q4 net sales $653.8M (+5.9% YoY), net income $95.5M (+10.6%), diluted EPS $1.21 (+14.5%).
ADS Q3 revenue up 1.1% to $662.4M; adj EPS $1.37 (+35.6%); raises dividend 17%
Net sales $662.4M (+1.1% YoY); net income $106.9M (+28.5%); diluted EPS $1.34.
Net sales $780.2M (-11.8% YoY); diluted EPS $1.71 (-4.8%); Adjusted EBITDA $246.3M (-6.4%) with margin expansion to 31.6%.
Advanced Drainage Systems Q1 FY24 net sales down 14.9% to $778M; EPS $2.18; dividend up 17% to $0.14
Net sales fell 14.9% to $778.0M; diluted EPS $2.18 (down 1.7%); adjusted EBITDA $281.3M (-5.9%) with record margin 36.2%.
Advanced Drainage Systems stockholders elect 12 directors, ratify auditor, approve executive pay
All 12 director nominees elected; D. Scott Barbour received highest 'for' votes (67.66M).
CEO compensation plan approved for FY2024 with 80% EBITDA, 20% sales weighting
Compensation Committee approved FY2024 Annual Cash Incentive Plan on May 17, 2023.
Q4 net sales down 8.9% YoY to $617.6M; net income up 83.1% to $86.3M.
ADS Q3 sales $655M (-8.4%); net income $83M (+11.7%); dividend raised 9% to $0.12
Net sales $655.2M (-8.4% YoY); net income $83.2M (+11.7% YoY); adjusted EBITDA $169.7M (-3.6% YoY).
Advanced Drainage Systems EVP Roy Moore to retire May 31, 2023; Craig Taylor to succeed
Roy Moore, Executive Vice President, retires effective May 31, 2023; he joined via Infiltrator acquisition in 2019.
Advanced Drainage Systems presents at Baird conference with updated investor deck
Executives attending Baird Global Industrials Conference on Nov 9, 2022.
ADS reports record Q2 revenue $884M (+25%); net income up 101%; raises dividend 9%
Net sales $884.2M (+25.2% YoY); net income $153.4M (+101%); adjusted EBITDA $263.2M (+59.7%).
ADS Q1 FY2023: revenue +37% to $914M, net income +144%, raises guidance, dividend up 9%
Net sales $914.2M (+36.6% YoY); net income $188.5M (+144.4%) from $669.3M and $77.0M a year ago.
Advanced Drainage Systems elects Kelly Gast to board of directors
Kelly Gast elected director with 72.8M votes for, 0.4M against, 0.9M abstentions.
Advanced Drainage Systems issues $500M 6.375% senior notes due 2030
Issued $500M aggregate principal of 6.375% senior notes due June 15, 2030.
Advanced Drainage Systems announces proposed $500M senior notes offering due 2030
Up to $500M aggregate principal of senior unsecured notes due 2030.
Advanced Drainage Systems prices $500M of 6.375% senior notes due 2030
$500M aggregate principal amount of 6.375% senior unsecured notes due 2030.
Advanced Drainage Systems increases revolving credit facility to $600M, extends maturity to May 2027
Revolving facility raised from $350M to $600M; swing-line sub-limit increased from $50M to $60M.
ADS sets FY2023 annual cash incentive plan with Adjusted EBITDA, net sales, and individual goals
FY2023 Annual Cash Incentive Plan approved May 18, 2022; measures: Total Net Sales, Adjusted EBITDA, Individual Goal Achievement.
ADS Q4 net sales up 53% to $678.2M; adjusted EBITDA up 78%; dividend raised 9%
Q4 net sales $678.2M (+52.8% YoY); net income $47.1M (+126.8%); adjusted EBITDA $168.5M (+78.2%).
ADS completes ESOP-to-401(k) transition; preferred stock converted, pro forma EPS rises to $4.06
All 15.6M preferred shares converted into 12.0M common shares as of April 11, 2022, at 0.7692 ratio.
ADS acquires plastic stormwater/septic chamber maker Cultec, Inc.
Advanced Drainage Systems acquired Cultec, Inc., a family-owned plastic stormwater and septic chamber company.
ADS holds Investor Day; no material new financial data disclosed
Company hosted an Investor Day conference on March 10, 2022 in New York City.
Advanced Drainage Q3 revenue up 47% to $715M; dividend raised 22%; new $1B buyback
Net sales $715.4M (+47.1% YoY); net income $74.5M (+37.8%); Adj. EBITDA $176.2M (+26.9%).
ADS terminates ESOP: repays $0.3M loan, converts preferred stock to common; pro forma EPS ~$3.03
Board authorized cash contribution to ESOP to repay outstanding ESOP loan of ~$0.3M; repayment effective March 31, 2022.
ADS acquires Jet Polymer Recycling, a plastic recycler in southeastern US
Acquired Jet Polymer Recycling, a privately-owned recycler in southeastern US; no deal terms disclosed.
ADS posts record Q2 sales of $706.5M (+30% YoY), net income down 5.3%; declares $0.11 dividend
Net sales rose 29.8% to $706.5M, driven by double-digit growth in U.S. construction, agriculture, and Infiltrator sales up 37.7%.
Advanced Drainage Systems announces departure of EVP Engineering Ronald R. Vitarelli
Ronald R. Vitarelli, EVP Engineering, left the company on September 1, 2021 per separation agreement.
CPPIB purchased 3.1M shares from Joseph Chlapaty trust; company received no proceeds.
On July 5, 2024, Michael G. Huebert the Executive Vice President, Sales of Advanced Drainage Systems, Inc. (the “Company”) provided notice of his resignation from the Company, effective as of July 19, 2024, in order to pursue an executive position with another company.
On January 13, 2023, Roy E. Moore, Jr. submitted to the Board of Directors of Advanced Drainage Systems, Inc. (the “Company”) notice of his retirement from the Company as Executive Vice President, effective as of May 31, 2023.
On May 18, 2022, C. Robert Kidder notified the Company’s Board of Directors (the “Board”) his decision not to stand for re-election as a director at the Company’s 2022 annual meeting of stockholders.
On September 1, 2021, Advanced Drainage Systems, Inc. (the “Company”) entered into a Separation and Release Agreement (the “Separation Agreement”) with Ronald R. Vitarelli (the “Executive”), the Company’s Executive Vice President, Engineering, in connection with the previously announced conclusion of his employment with the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings