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%).
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.
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.
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 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%.
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).
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 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 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 acquires plastic stormwater/septic chamber maker Cultec, Inc.
Advanced Drainage Systems acquired Cultec, Inc., a family-owned plastic stormwater and septic chamber company.
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 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%.
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