Advanced Drainage Systems Reports Second-Quarter Results, Updates Full-Year Outlook
The Hilliard manufacturer reported second-quarter net sales of $889.4 million, updated its annual guidance and declared a quarterly cash dividend.
The Advanced Drainage Systems Engineering and Technology Center in Hilliard, Ohio.
Credit: Advanced Drainage Systems, Inc. Image source
Advanced Drainage Systems, Inc., based in Hilliard, reported second-quarter net sales of $889.4 million, an increase of 4.6% from $850.4 million a year earlier, according to a company news release issued Nov. 5. The manufacturer reported that net income from continuing operations decreased 14.6% to $133.6 million, compared with $156.5 million in the prior year quarter.
The company also generated $286.8 million in Adjusted EBITDA, identified in the release as a non-GAAP financial metric, down 0.2% from $287.5 million a year earlier. Based on results to date and market trends, Advanced Drainage Systems updated its full-year fiscal 2027 guidance, projecting net sales between $3.300 billion and $3.400 billion and Adjusted EBITDA between $1.000 billion and $1.030 billion. The company stated that the demand environment is softer than when initial guidance was issued in May, driven by higher interest rates and ongoing geopolitical uncertainty, while lower inflationary pressure on raw materials reduced the need for price increases.
In a separate regulatory filing submitted Nov. 5, the company declared a quarterly cash dividend of $0.20 per share, scheduled to be paid on Dec. 15 to stockholders of record on Dec. 1.
In the earnings release, the company also pointed to its proposed acquisition of StormTrap to expand its addressable market in engineered stormwater solutions. The announcement did not state an updated closing date for the acquisition. Previously, Pique Media reported on the transaction on Oct. 5, when Advanced Drainage Systems agreed to acquire StormTrap for $530 million.
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Advanced Drainage Systems, Inc., based in Hilliard, reported second-quarter net sales of $889.4 million, an increase of 4.6% from $850.4 million a year earlier, according to a company news release issued Nov. 5.
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4024 Green Stripe Lane, Hilliard, Ohio
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Advanced Drainage Systems, Inc., based in Hilliard, reported second-quarter net sales of $889.4 million, an increase of 4.6% from $850.4 million a year earlier, according to a company news release issued Nov. 5.
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Net sales increased $39.0 million, or 4.6%, to $889.4 million, as compared to $850.4 million in the prior year quarter.
Advanced Drainage Systems, Inc., based in Hilliard, reported second-quarter net sales of $889.4 million, an increase of 4.6% from $850.4 million a year earlier, according to a company news release issued Nov. 5.
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Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries today announced financial results for the fiscal second quarter ended September 30, 2026.
The manufacturer reported that net income from continuing operations decreased 14.6% to $133.6 million, compared with $156.5 million in the prior year quarter.
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Net income from continuing operations decreased $22.9 million, or 14.6%, to $133.6 million as compared to $156.5 million in the prior year quarter.
The company also generated $286.8 million in Adjusted EBITDA, identified in the release as a non-GAAP financial metric, down 0.2% from $287.5 million a year earlier.
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Adjusted EBITDA (Non-GAAP) decreased $0.7 million, or 0.2%, to $286.8 million, as compared to $287.5 million in the prior year quarter, primarily due to the factors mentioned above.
Based on results to date and market trends, Advanced Drainage Systems updated its full-year fiscal 2027 guidance, projecting net sales between $3.300 billion and $3.400 billion and Adjusted EBITDA between $1.000 billion and $1.030 billion.
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Based on results to date, current visibility, backlog of existing orders and business trends, the Company updated its financial targets for fiscal 2027. Net sales are now expected to be in the range of $3.300 billion to $3.400 billion and Adjusted EBITDA is now expected to be in the range of $1.000 billion to $1.030 billion.
The company stated that the demand environment is softer than when initial guidance was issued in May, driven by higher interest rates and ongoing geopolitical uncertainty, while lower inflationary pressure on raw materials reduced the need for price increases.
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We are experiencing lower inflationary pressure than initially expected on materials, mitigating the need for corresponding pricing actions that had previously been included in our net sales outlook. The demand environment is softer today than when we initially issued guidance in May, driven by higher interest rates and ongoing geopolitical uncertainty.
In the earnings release, the company also pointed to its proposed acquisition of StormTrap to expand its addressable market in engineered stormwater solutions.
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We also took an important step to expand our addressable market with the proposed acquisition of StormTrap, a leader in large-volume, space-constrained and highly engineered stormwater solutions.
ADS 8-K Items 2.02/7.01/8.01 — Q2 FY2027 results + $0.20 dividend, filed Nov. 5, 2026
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In a separate regulatory filing submitted Nov. 5, the company declared a quarterly cash dividend of $0.20 per share, scheduled to be paid on Dec. 15 to stockholders of record on Dec. 1.
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ADS 8-K Items 2.02/7.01/8.01 — Q2 FY2027 results + $0.20 dividend, filed Nov. 5, 2026 Primary SEC filing. Ex. 99.1 earnings; Ex. 99.3 dividend press release ($0.20 payable Dec. 15, record Dec. 1).
Advanced Drainage Systems to Acquire StormTrap for $530 Million
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Previously, Pique Media reported on the transaction on Oct. 5, when Advanced Drainage Systems agreed to acquire StormTrap for $530 million.
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Advanced Drainage Systems to Acquire StormTrap for $530 Million
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Previously, Pique Media reported on the transaction on Oct. 5, when Advanced Drainage Systems agreed to acquire StormTrap for $530 million.
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entered into a definitive agreement to acquire StormTrap Investments LLC (“StormTrap”), an industry leader in large volume, space-constrained, highly engineered stormwater solutions for a purchase price of approximately $530 million