Earnings summaries and quarterly performance for ADVANCED DRAINAGE SYSTEMS.
Executive leadership at ADVANCED DRAINAGE SYSTEMS.
D. Scott Barbour
Detailed
President and Chief Executive Officer
CEO
Bret Martz
Executive Vice President, Sales
Brian W. King
Executive Vice President, Product Management and Marketing
Craig J. Taylor
Executive Vice President, Infiltrator Water Technologies
Kevin C. Talley
Executive Vice President and Chief Administrative Officer
Scott A. Cottrill
Executive Vice President, Chief Financial Officer and Secretary
Thomas J. Waun, Sr.
Executive Vice President, Engineering and International
Board of directors at ADVANCED DRAINAGE SYSTEMS.
Alexander R. Fischer
Detailed
Director
Anesa T. Chaibi
Detailed
Director
Anil Seetharam
Detailed
Director
Kelly S. Gast
Detailed
Director
Luther C. Kissam IV
Detailed
Director
M.A. (Mark) Haney
Detailed
Director
Manuel Perez de la Mesa
Detailed
Director
Michael B. Coleman
Detailed
Director
Robert M. Eversole
Detailed
Chair of the Board
Tanya D. Fratto
Detailed
Director
Research analysts who have asked questions during ADVANCED DRAINAGE SYSTEMS earnings calls.
Garik Shmois
Loop Capital Markets
6 questions for WMS
Also covers: ACA, AMWD, AWI +13 more
John Lovallo
UBS Group AG
6 questions for WMS
Also covers: AWI, AZEK, BLDR +14 more
Trey Grooms
Stephens Inc.
5 questions for WMS
Also covers: ACA, AZEK, BECN +13 more
Bryan Blair
Oppenheimer
4 questions for WMS
Also covers: AOS, CSL, DCI +12 more
Matthew Bouley
Barclays PLC
4 questions for WMS
Also covers: AZEK, BLDR, CNM +18 more
Michael Halloran
Baird
4 questions for WMS
Also covers: AOS, CXT, DOV +19 more
David Tarantino
Robert W. Baird & Co.
3 questions for WMS
Also covers: ATKR, BROS, CAKE +18 more
Jeffrey Hammond
KeyBanc Capital Markets
3 questions for WMS
Also covers: AOS, ETN, GGG +18 more
Ryan Connors
Northcoast Research Partners
3 questions for WMS
Also covers: FELE, LNN, TTEK +2 more
Collin Verron
Deutsche Bank
2 questions for WMS
Also covers: BLD, BLDR, CNM +7 more
Jeffrey Reive
RBC Capital Markets
2 questions for WMS
Also covers: BMI
Matthew Bouley
Barclays
2 questions for WMS
Also covers: CNM, DHI, FERG +5 more
Mike Halloran
Robert W. Baird & Co. Incorporated
2 questions for WMS
Also covers: ALH, AOS, CXT +9 more
Collin Merano
Deutsche Bank
1 question for WMS
Ethan Roberts
Stephens Inc.
1 question for WMS
Also covers: ACA, IBP
Recent press releases and 8-K filings for WMS.
Advanced Drainage Systems Reports Strong Q2 2025 Results and Raises FY26 Guidance
WMS
Earnings
Guidance Update
Dividends
- Advanced Drainage Systems (WMS) reported strong Q2 2025 financial results, with sales reaching $850.38 million (an 8.7% increase year-over-year) and net income rising to $156 million. Earnings per share exceeded expectations at $1.97 adjusted and $1.99 diluted.
- The company raised its full-year 2026 sales guidance midpoint to $2.95 billion, up from $2.9 billion, signaling confidence in growth driven by acquisitions and increasing demand for stormwater management.
- Advanced Drainage Systems announced a 13% dividend increase, reflecting strong confidence, and its Infiltrator segment experienced a 25% sales increase.
Nov 7, 2025, 12:04 AM
WMS Announces Q2 Fiscal 2026 Results, Updates Guidance, and Acquires NDS
WMS
Earnings
Guidance Update
M&A
- WMS reports Q2 Fiscal 2026 revenue growth with Allied Products up 13% and Infiltrator up 25%, contributing to an 11% increase in domestic construction revenue.
- The company updated its Fiscal Year 2026 guidance, forecasting Net Sales of $2,900 million to $2,990 million and Adjusted EBITDA of $900 million to $940 million.
- WMS announced the acquisition of NDS for $1.0 billion ($875 million net of tax benefits), with the transaction anticipated to close in the first quarter of calendar year 2026.
- For the six months ended September 30, 2025, Consolidated Free Cash Flow was $399 million, a $161 million increase from the prior year, and Adjusted EBITDA reached $565.7 million.
Nov 6, 2025, 3:00 PM
Advanced Drainage Systems Reports Q2 2026 Results and Updates FY 2026 Guidance
WMS
Earnings
Guidance Update
M&A
- Advanced Drainage Systems (ADS) delivered strong Q2 2026 results, with revenue increasing 9% and adjusted EBITDA growing 17%, achieving a 33.8% adjusted EBITDA margin.
- The company updated its fiscal year 2026 guidance, increasing revenue by 2% at the midpoint to $2,945 million and adjusted EBITDA by 5% at the midpoint to $920 million, implying an adjusted EBITDA margin of approximately 31.2%.
- ADS announced an agreement to acquire NDS for $1 billion ($875 million net of tax benefits), expecting the acquisition to be accretive to adjusted EPS in the first year and to generate $25 million in annual cost synergies by year three.
- The company generated $399 million in free cash flow year-to-date and ended the quarter with 0.7 turns of net leverage and over $1.4 billion in available liquidity, including $813 million of cash on hand.
- Management noted that demand and market strength are the largest risks for the second half of the year, especially due to seasonality, and has reflected caution in its guidance.
Nov 6, 2025, 3:00 PM
Advanced Drainage Systems Reports Strong Q2 2026 Results, Raises Guidance, and Details NDS Acquisition
WMS
Earnings
Guidance Update
M&A
- Advanced Drainage Systems (ADS) delivered strong financial results for Q2 2026, with revenue increasing 9% to $850 million and adjusted EBITDA growing 17%, resulting in a 33.8% adjusted EBITDA margin.
- The company updated its fiscal year 2026 guidance, increasing revenue by 2% at the midpoint to $2,945 million and adjusted EBITDA by 5% at the midpoint to $920 million.
- ADS announced an agreement to acquire NDS for $1 billion ($875 million net of tax benefits) in an all-cash transaction, which is expected to be accretive to adjusted EPS in the first year and generate $25 million in annual cost synergies by year three.
- Despite the strong performance, management remains cautious about market demand in the second half of the year, identifying it as the largest risk due to seasonality.
Nov 6, 2025, 3:00 PM
WMS Reports Strong Q2 2026 Financial Performance and Raises Full-Year Guidance
WMS
Earnings
Guidance Update
M&A
- WMS reported strong Q2 2026 results with revenue increasing 9% to $850 million and adjusted EBITDA growing 17%, leading to a 33.8% adjusted EBITDA margin.
- The company saw robust growth in Allied product sales (up 13%) and non-residential sales (up 15%), while the residential market was mixed and the agriculture market showed weakness.
- WMS announced an agreement to acquire NDS for $1 billion (or $875 million net of tax benefits), expecting the acquisition to be accretive to adjusted EPS in the first year and generate $25 million in annual cost synergies by year three.
- For fiscal year 2026, WMS increased its guidance, with expected revenue of $2,945 million and adjusted EBITDA of $920 million at the midpoint, implying an adjusted EBITDA margin of approximately 31.2%.
- The company maintains a strong financial position with 0.7 turns of net leverage, over $1.4 billion in available liquidity, and $813 million of cash on hand at the end of Q2 2026.
Nov 6, 2025, 3:00 PM
Advanced Drainage Systems Announces Second Quarter Fiscal 2026 Results and Updated Guidance
WMS
Earnings
Guidance Update
M&A
- Advanced Drainage Systems reported strong Q2 Fiscal 2026 results, with net sales increasing 8.7% to $850.4 million and net income per diluted share rising 19.2% to $1.99.
- The company updated its Fiscal 2026 guidance, now expecting net sales between $2.900 billion and $2.990 billion and Adjusted EBITDA between $900 million and $940 million.
- The Board of Directors approved a quarterly cash dividend of $0.18 per share, marking a 13% increase over the prior year's dividend.
- Advanced Drainage Systems announced the acquisition of NDS, a leading U.S. supplier of residential stormwater and irrigation products, in an all-cash transaction valued at approximately $1.0 billion.
Nov 6, 2025, 11:45 AM
Advanced Drainage Systems Reports Second Quarter Fiscal 2026 Results
WMS
Earnings
Guidance Update
M&A
- Advanced Drainage Systems reported strong second quarter fiscal 2026 results, with net sales increasing 8.7% to $850.4 million and net income per diluted share rising 19.2% to $1.99 for the period ended September 30, 2025.
- The company announced its plan to acquire NDS, a water management business, for approximately $1.0 billion, expecting to close in the first quarter of calendar year 2026 and generate over $25 million in expected annual cost synergies.
- Due to better-than-expected first-half results, Advanced Drainage Systems updated its fiscal 2026 guidance, projecting net sales between $2.900 billion and $2.990 billion and Adjusted EBITDA between $900 million and $940 million.
Nov 6, 2025, 11:40 AM
Advanced Drainage Systems Announces Acquisition of NDS
WMS
M&A
New Projects/Investments
- Advanced Drainage Systems (ADS) will acquire National Diversified Sales (NDS), the water management business of Norma Group SE, for approximately $1.0 billion, or $875 million when adjusted for the present value of expected tax benefits.
- The transaction is an all-cash acquisition, funded by cash on hand and ADS' existing revolving credit facility, with proforma net debt expected to be 1.6x at closing.
- Approximately $25 million of annual cost synergies are expected to be realized by year 3, and the acquisition is anticipated to be immediately accretive to Adjusted EPS in the first year of ownership.
- NDS, a leading U.S. supplier of residential stormwater management, landscape irrigation, and connecting flow management components, reported ~$313 million in revenue and ~$62 million in Adjusted EBITDA for the trailing twelve months ended June 2025.
- The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of CY2026.
Sep 23, 2025, 1:00 PM
Advanced Drainage Systems to acquire National Diversified Sales
WMS
M&A
New Projects/Investments
- Advanced Drainage Systems (ADS) has signed an agreement to acquire National Diversified Sales (NDS) for $1 billion in an all-cash transaction.
- The acquisition is valued at approximately 10 times NDS' adjusted EBITDA from the trailing 12 months ended June 30, 2025, inclusive of expected run-rate cost synergies.
- The transaction is expected to be accretive to adjusted EPS in the first year and drive $25 million in expected annual cost synergies by year three.
- The acquisition will be funded through cash on hand and ADS' existing revolving credit facility, with pro forma net debt expected to be 1.6 times at closing.
- The transaction is anticipated to close in the first calendar quarter of 2026, subject to customary regulatory approvals.
Sep 23, 2025, 1:00 PM
Advanced Drainage Systems, Inc. to Acquire National Diversified Sales for $1.0 Billion
WMS
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Advanced Drainage Systems, Inc. (ADS) has entered into a definitive stock purchase agreement to acquire National Diversified Sales (NDS), the water management business of Norma Group SE, for approximately $1.0 billion in an all-cash transaction.
- The acquisition is valued at approximately $875 million when adjusted for the present value of expected tax benefits and is anticipated to close in the first quarter of 2026.
- NDS generated $313 million in revenue and $62 million in Adjusted EBITDA over the trailing twelve months ended June 2025.
- The transaction is expected to be accretive to adjusted EPS in the first year and unlock over $25 million in expected annual cost synergies to be fully realized within three years.
- This acquisition expands ADS's offerings in residential water management solutions, access boxes, and irrigation, broadening its total addressable market by entering the $1.5 billion landscape irrigation segment.
Sep 23, 2025, 10:02 AM
Quarterly earnings call transcripts for ADVANCED DRAINAGE SYSTEMS.
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