Earnings ·
Reports Q2 net sales of $889.4M and declares $0.20 quarterly dividend
WMSAdvanced Drainage Systems, Inc.
Advanced Drainage Systems reported fiscal second quarter net sales of $889.4 million, a 4.6% increase year-over-year, driven by the acquisition of National Diversified Sales. Diluted earnings per share from continuing operations decreased 11.0% to $1.77, while Adjusted EBITDA remained flat at $286.8 million. The company also announced a quarterly cash dividend of $0.20 per share, payable December 15, 2026, to shareholders of record on December 1, 2026. Additionally, ADS updated its full-year fiscal 2027 net sales guidance to $3.30 billion–$3.40 billion and Adjusted EBITDA guidance to $1.00 billion–$1.03 billion. The company operates in the stormwater and onsite wastewater management industry.