Jun 2026 (Q1 FY27) — Aug 6, 2026
Advanced Drainage Systems Q1 FY27 — Record Revenue and Strong Profitability
Read the full callAdvanced Drainage Systems (WMS) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Advanced Drainage Systems earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,001 | +20.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 25.4 | +0.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 169 | +17.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
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 |
1 of ADVANCED DRAINAGE SYSTEMS, INC.'s 21 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.
Claimed
- Achieved record revenue of over $1 billion, an increase of 21% versus the prior year.
- Adjusted EBITDA increased 29% to $358 million.
- Adjusted EBITDA margin reached 35.8%, up 230 basis points year-over-year and the second highest in company history.
- Organic sales increased 9%, or mid-single digits when adjusted for pull-ahead revenue.
- Generated strong free cash flow of $203 million.
Qualified
- Residential market demand is performing modestly worse than anticipated.
- Material costs will be a significant year-over-year headwind for the remainder of the year, following a Q1 benefit.
- Transportation costs remained significantly elevated in Q1 and are expected to remain so throughout the year.
- Q2 EBITDA margin is expected to be worse than the typical sequential degradation due to the magnitude of resin costs hitting.
Price
$128.49 +2.64% · +$3.3
Performance −9.1% 1Y
1Y: $141.43 on 14 Oct 2025 → $128.49. High $175.38 (6 Feb 2026), low $125.19 (14 Oct 2026).
- Previous close
- $125.19
- 52-week range
- $125.19 – $175.38
- One year
- −8.98%
Overview
- Symbol
- WMS
- Sector
- Materials
- Exchange
- US
- Currency
- USD
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 |
Claimed
- Achieved record revenue of over $1 billion, an increase of 21% versus the prior year.
- Adjusted EBITDA increased 29% to $358 million.
- Adjusted EBITDA margin reached 35.8%, up 230 basis points year-over-year and the second highest in company history.
- Organic sales increased 9%, or mid-single digits when adjusted for pull-ahead revenue.
- Generated strong free cash flow of $203 million.
Qualified
- Residential market demand is performing modestly worse than anticipated.
- Material costs will be a significant year-over-year headwind for the remainder of the year, following a Q1 benefit.
- Transportation costs remained significantly elevated in Q1 and are expected to remain so throughout the year.
- Q2 EBITDA margin is expected to be worse than the typical sequential degradation due to the magnitude of resin costs hitting.
The full ledger
Open ADVANCED DRAINAGE SYSTEMS, INC.’s full ledger
A free account opens 5 company ledgers a month. All 21 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 21, 2026
Advanced Drainage Systems Q4 FY26 — Strong Performance Driven by NDS Integration and Resilient Margins
Read the full callEvery analysed call
Advanced Drainage Systems earnings calls (WMS)
Financials
What the filings say
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 783 | 691 | 616 | 830 | 850 | 693 | 677 | 1,001 |
| Operating profit | 187 | 127 | 117 | 206 | 223 | 137 | 53 | 255 |
| Operating margin | 23.9% | 18.4% | 19.0% | 24.8% | 26.3% | 19.7% | 7.9% | 25.4% |
| Profit before tax | 171 | 109 | 99 | 189 | 208 | 123 | 39 | 229 |
| Tax rate | 23.9% | 24.9% | 23.4% | 24.6% | 25.2% | 24.9% | 13.6% | 23.4% |
| Net profit | 130 | 81 | 77 | 144 | 156 | 94 | 33 | 169 |
| EPS ($ per share) | 1.68 | 1.05 | — | 1.85 | 2.01 | 1.20 | — | 2.20 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 18 | -268 | -75 | 159 | 626 | 1,092 | 1,493 | 1,863 |
| Total liabilities | 542 | 1,585 | 1,350 | 1,545 | 1,906 | 1,988 | 2,055 | 2,550 |
| Fixed assets | 399 | 481 | 504 | 619 | 733 | 876 | 1,051 | 1,217 |
| Total assets | 1,042 | 2,370 | 2,414 | 2,650 | 2,901 | 3,269 | 3,690 | 4,506 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 152 | 306 | 452 | 275 | 708 | 718 | 581 | 819 |
| Cash from investing | -43 | -1,150 | -78 | -199 | -214 | -156 | -448 | -1,212 |
| Cash from financing | -118 | 1,012 | -355 | -251 | -296 | -284 | -158 | 156 |
| Net cash flow | -9 | 165 | 21 | -175 | 197 | 279 | -27 | -235 |
| Capital expenditure | -43 | -68 | -79 | -149 | -167 | -184 | -213 | -250 |
| Free cash flow | 108 | 239 | 373 | 126 | 541 | 534 | 369 | 569 |
WMS revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Stormwater | — | — | — | — | — | — | — | 81% | — |
| Wastewater | — | — | — | — | — | — | — | 19% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
81 filings between Nov 10, 2025 and Sep 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$14.84M
9 sales by 4 insiders
Compensation
not trading decisions- 24
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 26
- Tax withheld — shares kept back by the company to cover tax
Also filed: 18 gifts, 3 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BARBOUR D. SCOTT | — | $11.92M | Nov 12, 2025 |
| EVERSOLE ROBERT M | — | $1.62M | Dec 3, 2025 |
| MAKOWSKI TIM A | — | $731.3K | Nov 12, 2025 |
| WAUN THOMAS J. SR. | — | $571.2K | Nov 26, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | Coyle Patrick M. Jr See Remarks | Tax withheld | 26 | $3.4K |
| Sep 1, 2026 | EVERSOLE ROBERT M Director | Gift | 2,386 | $0 |
| Sep 1, 2026 | EVERSOLE ROBERT M Director | Gift | 2,386 | $0 |
| Aug 20, 2026 | BARBOUR D. SCOTT See Remarks | Gift | 2,000 | $0 |
| Jul 16, 2026 | Seetharam Anil Director | Award | 1,782 | $0 |
| Jul 16, 2026 | EVERSOLE ROBERT M Director | Award | 2,253 | $0 |
| Jul 16, 2026 | FISCHER ALEXANDER R Director | Award | 1,110 | $0 |
| Jul 16, 2026 | PEREZ DE LA MESA MANUEL J Director | Award | 1,782 | $0 |
| Jul 16, 2026 | FRATTO TANYA D Director | Award | 1,110 | $0 |
| Jul 16, 2026 | GAST KELLY S. Director | Award | 1,110 | $0 |
| Jul 16, 2026 | CHAIBI ANESA Director | Award | 1,110 | $0 |
| Jul 16, 2026 | COLEMAN MICHAEL B. Director | Award | 1,110 | $0 |
| Jun 12, 2026 | BARBOUR D. SCOTT See Remarks | Other | 511 | $69.4K |
| Jun 12, 2026 | BARBOUR D. SCOTT See Remarks | Other | 511 | $69.4K |
| May 26, 2026 | Coyle Patrick M. Jr See Remarks | Award | 1,252 | $0 |
| May 26, 2026 | Cottrill Scott A EVP, CFO AND SECRETARY | Award | 2,503 | $0 |
| May 26, 2026 | BARBOUR D. SCOTT See Remarks | Award | 9,036 | $0 |
| May 26, 2026 | TAYLOR CRAIG J. Executive Vice President | Award | 1,530 | $0 |
| May 26, 2026 | TALLEY KEVIN C EVP and CAO | Award | 1,217 | $0 |
| May 26, 2026 | KING BRIAN W. Executive Vice President | Award | 950 | $0 |
| May 26, 2026 | MAKOWSKI TIM A See Remarks | Award | 847 | $0 |
| May 26, 2026 | Martz Bret See Remarks | Award | 1,252 | $0 |
| May 22, 2026 | Coyle Patrick M. Jr See Remarks | Tax withheld | 112 | $14.9K |
| May 22, 2026 | MAKOWSKI TIM A See Remarks | Tax withheld | 129 | $17.2K |
| May 22, 2026 | BARBOUR D. SCOTT See Remarks | Tax withheld | 1,898 | $252.4K |
| May 22, 2026 | TAYLOR CRAIG J. Executive Vice President | Tax withheld | 152 | $20.2K |
| May 22, 2026 | TALLEY KEVIN C EVP and CAO | Tax withheld | 324 | $43.1K |
| May 22, 2026 | WAUN THOMAS J. SR. EVP, International | Tax withheld | 218 | $29.0K |
| May 22, 2026 | Cottrill Scott A EVP, CFO AND SECRETARY | Tax withheld | 604 | $80.3K |
| May 22, 2026 | KING BRIAN W. Executive Vice President | Tax withheld | 230 | $30.6K |
| May 20, 2026 | TALLEY KEVIN C EVP and CAO | Award | 5,903 | $0 |
| May 20, 2026 | TALLEY KEVIN C EVP and CAO | Tax withheld | 141 | $19.3K |
| May 20, 2026 | Cottrill Scott A EVP, CFO AND SECRETARY | Award | 10,075 | $0 |
| May 20, 2026 | Cottrill Scott A EVP, CFO AND SECRETARY | Tax withheld | 339 | $46.4K |
| May 20, 2026 | MAKOWSKI TIM A See Remarks | Award | 3,729 | $0 |
| May 20, 2026 | MAKOWSKI TIM A See Remarks | Tax withheld | 88 | $12.0K |
| May 20, 2026 | Coyle Patrick M. Jr See Remarks | Award | 3,233 | $0 |
| May 20, 2026 | Coyle Patrick M. Jr See Remarks | Tax withheld | 64 | $8.8K |
| May 20, 2026 | KING BRIAN W. Executive Vice President | Award | 4,491 | $0 |
| May 20, 2026 | KING BRIAN W. Executive Vice President | Tax withheld | 101 | $13.8K |
| May 20, 2026 | BARBOUR D. SCOTT See Remarks | Tax withheld | 1,130 | $154.6K |
| May 20, 2026 | BARBOUR D. SCOTT See Remarks | Award | 29,327 | $0 |
| May 20, 2026 | WAUN THOMAS J. SR. EVP, International | Tax withheld | 100 | $13.7K |
| May 20, 2026 | TAYLOR CRAIG J. Executive Vice President | Award | 4,039 | $0 |
| May 20, 2026 | TAYLOR CRAIG J. Executive Vice President | Tax withheld | 120 | $16.4K |
| May 19, 2026 | WAUN THOMAS J. SR. EVP, International | Tax withheld | 117 | $15.4K |
| May 19, 2026 | TALLEY KEVIN C EVP and CAO | Tax withheld | 141 | $18.6K |
| May 19, 2026 | Cottrill Scott A EVP, CFO AND SECRETARY | Tax withheld | 277 | $36.5K |
| May 19, 2026 | MAKOWSKI TIM A See Remarks | Tax withheld | 104 | $13.7K |
| May 19, 2026 | Coyle Patrick M. Jr See Remarks | Tax withheld | 91 | $12.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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