AI-extracted from the 10-Q filed 2026-08-06 — Q1 FY2027 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales grew 20.6% YoY to $1,001.1M and Adjusted EBITDA rose 28.8% to $358.3M, with the NDS acquisition contributing $94.7M of Stormwater segment growth and gross margin expanding to 40.8%.
Biggest Revenue Drivers
Stormwater$809.4M+24.2% YoY
Driven by $94.7M of NDS acquisition net sales and increased volume in both Pipe and Allied Products
Wastewater$191.7M+7.5% YoY
Increase was primarily driven by volume
Biggest Revenue Drivers
Total revenue: $1,001.1M+20.6% YoY
Stormwater$809.4M+24.2% YoY
Driven by $94.7M of NDS acquisition net sales and increased volume in both Pipe and Allied Products
Within Stormwater
Domestic - Pipe$458.1M
Domestic - Allied Products$303.4M
International$59.5M
Wastewater$191.7M+7.5% YoY
Increase was primarily driven by volume
Largest Expense Items
Cost of goods sold$593.1M+18.7% YoY
Gross profit increase driven by NDS acquisition, volume growth, and favorable price/cost and manufacturing costs, partially offset by higher transportation costs
Selling, general and administrative$130.8M+$26.9M YoY
Increase due to NDS operating expenses, $3.2M of integration costs, and increased stock-based compensation
Interest expense$27.0M+$4.0M YoY
Increase primarily due to increased debt levels
Intangible amortization$20.1M+$6.4M YoY
Increase primarily due to intangible assets added from the NDS acquisition
Margins: Gross margin expanded to 40.8% from 39.8% and Adjusted EBITDA margin rose to 35.8% from 33.5%, driven by the NDS acquisition, volume growth, and favorable price/cost, partially offset by higher transportation costs.
Watch Items from the Filing
NDS International Entities (Teco, Kimplas, Fish Water Products) were classified as held for sale/discontinued operations, generating a $5.7M net loss in the quarter; Teco was subsequently sold in July 2026 for a $4.0M loss.
Net debt stood at $1,603.4M with a leverage ratio of 1.5x; a 1.0% rise in variable rates would increase annual interest expense by approximately $6.0M.
Company repurchased $233.2M of common stock in the quarter (1.6M shares) with $822.5M remaining under the $1.0B authorization, plus a subsequent $53.1M repurchase in July 2026.
Effective tax rate fell to 23.4% from 24.6%, aided by a discrete tax benefit from a change in valuation allowance on deferred tax assets for net losses on outside basis differences.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Chaibi AnesaReporting ownerGrant or award · Jul 16, 2026
Seetharam AnilReporting ownerGrant or award · Jul 16, 2026
Coleman Michael B.Reporting ownerGrant or award · Jul 16, 2026
Gast Kelly S.Reporting ownerGrant or award · Jul 16, 2026
Fratto Tanya DReporting ownerGrant or award · Jul 16, 2026
Congress trading in WMS
6 transactions in WMS reported by 4 members of Congress under the STOCK Act, most recent trade Jul 16, 2025. Reported transactions, not recommendations.
About ADVANCED DRAINAGE SYSTEMS, INC. (WMS): stock profile, AI score and financials
ADVANCED DRAINAGE SYSTEMS, INC. (WMS) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores WMS at 62.8/100 on a composite quality score built from its SEC filings, placing it at rank #670 of 2,925 stocks — the top 25% of the AI-ranked universe. WMS scores in the top quartile across balance sheet strength (86.5). Based on the latest XBRL financial filings (Q1 2027), ADVANCED DRAINAGE SYSTEMS, INC. reports quarterly revenue of $1.0B, net income of $168.5M, an operating margin of 25.4%. Top institutional holders of WMS by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. WMS trades on the NYSE exchange and files with the SEC under CIK 1604028. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WMS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ADVANCED DRAINAGE SYSTEMS, INC. directly from SEC EDGAR.