Highest-materiality recent filing
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%).
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.
Max materiality 0.85 · Median 0.70 · Most common event earnings