WMS
Advanced Drainage Systems, Inc.147.43
-0.90-0.61%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.46BP/E (TTM)
25.20Basic EPS (TTM)
5.85Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Q1 sales rise, income dips
Advanced Drainage Systems reported Q1 fiscal 2026 net sales up 1.8% to $829.9 million, driven by Infiltrator's 21.1% surge from the Orenco acquisition, yet net income fell 11.2% to $144.1 million amid wet weather delays and higher costs. Adjusted EBITDA edged up 1.0% to $278.2 million, with margins at 33.5%. The board hiked the quarterly dividend 13% to $0.18 per share, payable September 15. Cash flow remains robust.
10-Q
Q1 FY2026 results
Advanced Drainage Systems posted Q1 FY2026 net sales of $829.9M, up 1.8% y/y, fueled by 21.1% growth in Infiltrator to $178.4M from the Orenco acquisition, though Pipe dipped 2.5% y/y to $415.5M on softer infrastructure demand. Gross profit edged down 0.6% y/y to $330.4M, with margins slipping to 39.8% amid pricing pressures and mix shifts, yet operating income fell 9.1% y/y to $205.7M after $7.0M in exit costs from a recycling facility closure. Diluted EPS landed at $1.84, down 10.7% y/y, aligning with 78.1M shares and no anti-dilution flags. Cash swelled to $638.3M, with operating cash flow surging 50.0% y/y to $275.0M and free cash flow (derived) climbing to $222.4M after $52.6M capex; total debt held steady at $1.3B, revolver availability at $589.9M. Closed River Valley Pipe in May 2025 for $19.6M cash, adding $5.0M goodwill and $3.0M intangibles over 5-10 years. Strong cash flow persists. International sales volatility poses risks.
8-K
Resignation and strong shareholder votes
Advanced Drainage Systems announced the resignation of Executive Vice President of Supply Chain Darin Harvey, effective August 22, 2025, with no disputes over company operations. At the July 17, 2025 annual meeting, stockholders elected all eleven director nominees, ratified Deloitte & Touche as auditors for fiscal 2026, and approved executive compensation on an advisory basis. The supply chain exit raises questions about logistics continuity. All proposals passed decisively.
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