WM
WMS
WMS What Advanced Drainage Systems promised, and what happened
Guidance
What management said, and what became of it
8 of 9 judged targets kept · 12 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EBITDA | $1 billion to $1.05 billion | Mar 2026 | We continue to expect net sales of $3.350 billion to $3.550 billion and adjusted EBITDA of $1 billion to $1.05 billion. | On Track |
| Full-year adjusted EBITDA | $850 million to $910 million | Mar 2025 | We delivered excellent financial performance, exceeding the top end of both our revenue and adjusted EBITDA guidance ranges. | Achieved |
| Full-year SG&A as a percent of revenue | 14% of revenue | Mar 2025 | going down to about 14% from the 15% plus we were this past year | Missed |
The full ledger
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The rest of the ledger
Pro opens all 21 tracked commitments for Advanced Drainage Systems
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.