Source-grounded facts extracted from ADVANCED DRAINAGE SYSTEMS, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
ADVANCED DRAINAGE SYSTEMS, INC. reported financial results for the fourth quarter and fiscal year ended March 31, 2026.
“On May 21, 2026, Advanced Drainage Systems, Inc. (the "Company") issued a press release setting forth the Company’s unaudited results for the fourth quarter and fiscal year ended March 31, 2026.”
ADVANCED DRAINAGE SYSTEMS, INC. amended credit facility of $600 million with Bank of America, N.A., PNC Bank, National Association at 162.5 basis points (for Term Benchmark based loans) and 62.5 basis points (for b maturing February 28, 2033.
“refinances the Term Facility under the Existing Credit Agreement by providing a new Term Facility in the initial principal amount of $600 million with a maturity date of February 28, 2033”
ADVANCED DRAINAGE SYSTEMS, INC. incurred senior notes of $500.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.375% maturing March 1, 2034.
“issued $500.0 million aggregate principal amount of its 5.375% senior notes due 2034”
ADVANCED DRAINAGE SYSTEMS, INC. entered into Fourth Amendment with Bank of America, N.A., PNC Bank, National Association, Barclays Bank PLC (effective 2026-02-27).
“On February 27, 2026, the Company entered into a Fourth Amendment (the “Fourth Amendment”) to the Company’s Credit Agreement dated as of July 31, 2019 (as amended by the First Amendment to Credit Agreement, dated as of September 24, 2019, the Second Amendment to Credit Agreement, dated as of May 26, 2022, the Third Amendment to Credit Agreement, dated as of November 26, 2025 and as further amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof the “Existing Credit Agreement”, and as amended by the Fourth Amendment, the “Credit Agreement”), with Bank of America, N.A. as administrative agent under the Term Facility, PNC Bank, National Association as administrative agent under the Revolving Facility and as Successor Administrative Agent (as defined in the Fourth Amendment), Barclays Bank PLC, as Predecessor Administrative Agent (as defined in the Fourth Amendment), and the several financial institutions from time to time party thereto as lende”
ADVANCED DRAINAGE SYSTEMS, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500.0 million (effective 2026-02-27).
“On February 27, 2026, Advanced Drainage Systems, Inc. (the “Company”) issued $500.0 million aggregate principal amount of its 5.375% senior notes due 2034 (the “Notes”) pursuant to an Indenture, dated February 27, 2026 (the “Indenture”), among the Company, the guarantors party thereto (as defined below, the “Guarantors”) and U.S. Bank Trust Company, National Association, as Trustee (the “Trustee”).”
ADVANCED DRAINAGE SYSTEMS, INC. completed an acquisition involving NORMA Group SE for all cash transaction for consideration of approximately $1.0 billion, subject to certain purchase price adjustments (closed 2026-02-02).
“On February 2, 2026, Advanced Drainage Systems, Inc. (the “Company”) completed its previously announced acquisition of the outstanding capital stock of certain indirect subsidiaries of NORMA Group SE (“Norma Group”), a European company ( Societas Europaea ) incorporated under the laws of Germany, which comprise substantially all of Norma Group’s water management business known as National Diversified Sales (“NDS”), subject to the terms and conditions set forth in the Master Share Purchase Agreement dated September 23, 2025 (the “Purchase Agreement”) between the Company and Norma Group. The acquisition was an all cash transaction for consideration of approximately $1.0 billion, subject to certain purchase price adjustments.”
Michael G. Huebert resigned as Executive Vice President, Sales at ADVANCED DRAINAGE SYSTEMS, INC..
“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.”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal year ended March 31, 2024 results: revenue $2,874.5 million, net income $513.3 million, EPS $6.45. Guidance initiated.
“Fiscal 2024 Results • Net sales decreased 6.4% to $2,874.5 million • Net income increased 0.4% to $513.3 million • Diluted net income per share increased 6.1% to $6.45”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2024 results: revenue $653.8 million, net income $95.5 million, EPS $1.21. Guidance initiated.
“Fourth Quarter Fiscal 2024 Results • Net sales increased 5.9% to $653.8 million • Net income increased 10.6% to $95.5 million • Diluted net income per share increased 14.5% to $1.21”
ADVANCED DRAINAGE SYSTEMS, INC. reported year-to-date Fiscal 2024 results: revenue $2,220.6 million, net income $417.8 million, EPS $5.24. Guidance reaffirmed.
“Year-to-Date Fiscal 2024 Results • Net sales decreased 9.5% to $2,220.6 million • Net income decreased 1.7% to $417.8 million • Net income per diluted share increased 4.4% to $5.24”
ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal third quarter ended December 31, 2023 results: revenue $662.4 million, net income $106.9 million, EPS $1.34. Guidance reaffirmed.
“• Net sales increased 1.1% to $662.4 million • Net income increased 28.5% to $106.9 million • Net income per diluted share increased 35.4% to $1.34”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal second quarter ended September 30, 2023 results: revenue $780.2 million, net income $137.0 million, EPS $1.71. Guidance raised.
“Net sales decreased 11.8% to $780.2 million • Net income decreased 10.7% to $137.0 million • Net income per diluted share decreased 4.8% to $1.71”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal first quarter ended June 30, 2023 results: revenue $778.0 million, net income $173.9 million, EPS $2.18.
“Net sales decreased 14.9% to $778.0 million • Net income decreased 7.7% to $173.9 million • Net income per diluted share decreased 1.7% to $2.18”
ADVANCED DRAINAGE SYSTEMS, INC. shareholders approved Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Company’s Proxy Statement at the 2023-07-20 meeting.
“Proposal Three : Advisory vote to approve the compensation of the Company’s executive officers as disclosed in the Company’s Proxy Statement. The Company’s stockholders gave advisory approval of the compensation of the Company’s executive officers as disclosed in the Proxy Statement, and the voting results are set forth below: For Against Abstentions Broker Non-Votes 60,739,902 6,572,275 923,416 2,395,649”
ADVANCED DRAINAGE SYSTEMS, INC. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024 at the 2023-07-20 meeting.
“Proposal Two : Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The Company’s stockholders ratified the selection of Deloitte & Touche LLP, and the voting results are set forth below: For Against Abstentions Broker Non-Votes 63,828,969 6,526,464 275,809 —”
ADVANCED DRAINAGE SYSTEMS, INC. shareholders approved Election of twelve directors to serve for a one-year term until the 2024 annual meeting of stockholders at the 2023-07-20 meeting.
“Proposal One : Election of twelve directors, including D. Scott Barbour, Anesa T. Chaibi, Michael B. Coleman, Robert M. Eversole, Alexander R. Fischer, Tanya D. Fratto, Kelly S. Gast, M.A. (Mark) Haney, Ross M. Jones, Manuel Perez de la Mesa, Carl A. Nelson, Jr., and Anil Seetharam, to serve for a one-year term until the 2024 annual meeting of stockholders, or until his or her successor has been elected and qualified. The Company’s stockholders elected each of the eight nominees for director, and the voting results are set forth below:”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal year ended March 31, 2023 results: revenue $3,071.1 million, net income $511.4 million, EPS $6.08.
“Fiscal 2023 Results • Net sales increased 10.9% to $3,071.1 million • Net income increased 85.9% to $511.4 million • Diluted net income per share of $6.08”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2023 results: revenue $617.6 million, net income $86.3 million.
“Fourth Quarter Fiscal 2023 Results • Net sales decreased 8.9% to $617.6 million • Net income increased 83.1% to $86.3 million • Adjusted EBITDA (Non-GAAP) increased 2.1% to $172.0 million”
ADVANCED DRAINAGE SYSTEMS, INC. reported Year-to-Date Fiscal 2023 results: revenue $2,453.6 million, net income $425.0 million. Guidance reaffirmed.
“Year-to-Date Fiscal 2023 Results • Net sales increased 17.3% to $2,453.6 million • Net income increased 86.5% to $425.0 million”
ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal third quarter ended December 31, 2022 results: revenue $655.2 million, net income $83.2 million. Guidance reaffirmed.
“Third Quarter Fiscal 2023 Results • Net sales decreased 8.4% to $655.2 million • Net income increased 11.7% to $83.2 million”
Roy E. Moore, Jr. resigned as Executive Vice President at ADVANCED DRAINAGE SYSTEMS, INC..
“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.”
ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal year-to-date ended September 30, 2022 results: revenue $1,798.4 million, net income $341.9 million. Guidance lowered.
“Year-to-Date Fiscal 2023 Results • Net sales increased 30.7% to $1,798.4 million • Net income increased 122.8% to $341.9 million”
ADVANCED DRAINAGE SYSTEMS, INC. reported fiscal second quarter ended September 30, 2022 results: revenue $884.2 million, net income $153.4 million. Guidance lowered.
“today announced financial results for the fiscal second quarter ended September 30, 2022. Second Quarter Fiscal 2023 Results • Net sales increased 25.2% to $884.2 million • Net income increased 101.0% to $153.4 million”
C. Robert Kidder departed as Director at ADVANCED DRAINAGE SYSTEMS, INC..
“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.”
Ronald R. Vitarelli departed as Executive Vice President, Engineering at ADVANCED DRAINAGE SYSTEMS, INC..
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.