ADVANCED DRAINAGE SYSTEMS, INC. (WMS) Advanced Drainage Systems, Inc., established in Hilliard, Ohio in 1966, is a leading provider of innovative water management solutions. The company specializes in the design, manufacturing, and global distribution of thermoplastic corrugated pipes and related drainage products, primarily targeting the underground construction and infrastructure sectors across the United States, Canada, Mexico, and other international territories. Its operations are structured across four key segments: Pipe, International, Infiltrator, and Allied Products & Other. ADS offers a wide array of products, including single, double, and triple-wall corrugated pipes made from polypropylene and polyethylene. Beyond basic piping, their extensive catalog features sophisticated water management systems such as plastic leachfield chambers, EZflow synthetic aggregate bundles, advanced mechanical aeration wastewater solutions, septic tanks and accessories, and integrated treatment and dispersal units. Furthermore, the company supplies allied products like storm retention, detention, and septic chambers, polyvinyl chloride drainage structures, various fittings, and water quality filters and separators. ADS also distributes construction fabrics and other geosynthetic materials vital for soil stabilization, reinforcement, filtration, erosion control, and sub-surface drainage, alongside drainage grates. These products cater to a broad spectrum of applications, including residential, non-residential, agricultural, and large-scale infrastructure projects, supported by approximately 38 distribution centers.
Sector: Plastics Foam Products
Industry: Construction Materials
Advanced Drainage Systems, Inc. NYSE:WMS Basic Materials · Construction Materials
Mkt Cap $9.83B
Div Yield 0.58%
AH Close $130.40 +0.00% vs close
AH Close $130.40 +0.00% vs close
Mkt Cap $9.83B
Div Yield 0.58%
All Press Release SEC Filings News
Press Release
Advanced Drainage Systems to Announce Second Quarter Fiscal Year 2027 Results on November 5, 2026
Advanced Drainage Systems will release its fiscal Q2 2027 results (quarter ended September 30, 2026) before market open on November 5, 2026.
CEO Scott Barbour and CFO Scott Cottrill will host a conference call and webcast that day at 10:00 a.m. ET, with a replay available on the investor relations site.
This is a scheduling notice only and contains no financial results or guidance.
• 10d ago AI analysis › Press Release ● Major ⚠ 2
PSP Capital Announces Sale of StormTrap to Advanced Drainage Systems
Advanced Drainage Systems (NYSE: WMS) signed a definitive agreement to acquire StormTrap, a provider of engineered stormwater management and water quality systems, at a valuation of approximately $530 million.
Under PSP Capital's ownership since March 2022, StormTrap more than doubled revenue and earnings, added 60-plus employees, and completed a tuck-in acquisition.
The deal expands WMS's water quality and stormwater detention portfolio and is expected to close in the coming months, pending customary regulatory approvals.
• 12d ago AI analysis › Press Release ● Major ⚠ 3
Advanced Drainage Systems Announces Acquisition of StormTrap Investments LLC From PSP Capital
Advanced Drainage Systems agreed to acquire StormTrap Investments LLC from PSP Capital for approximately $530 million, or roughly $450 million net of expected tax benefits.
StormTrap generated about $165 million in revenue and $40 million in adjusted EBITDA over the twelve months ending July 2026, implying a ~10x adjusted EBITDA multiple including run-rate cost synergies.
The deal is expected to be accretive to adjusted EPS in the first year, will be funded with cash on hand and existing credit line capacity, and is expected to close in Q4 calendar 2026 pending regulatory approvals.
Strategically, StormTrap adds large-volume, space-constrained stormwater storage products, expanding ADS' addressable market and creating cross-selling opportunities in non-residential and infrastructure channels.
• 20d ago AI analysis › Press Release
ADS Foundation and Brightstorm Introduce a Smarter Way to Manage Stormwater at WEFTEC 2026
The ADS Foundation, funded primarily by Advanced Drainage Systems (NYSE: WMS), is partnering with The Nature Conservancy's Brightstorm program to showcase Smart Watershed Network Management at WEFTEC 2026 in New Orleans.
The collaboration highlights sensor-based, AI-driven stormwater controls, including a living-lab project in Florida's Indian River Lagoon watershed, alongside panel partners Arup and Amazon Web Services.
The announcement is philanthropic and promotional in nature, with no direct financial impact disclosed for WMS; it modestly reinforces the company's water-management brand and innovation positioning.
• 27d ago AI analysis › Press Release ⚠ 2
Western Metallica Resources Corp. Provides Update on Exclusivity and Binding Option Agreement for Nueva Celti Copper Project
Western Metallica extended the exclusivity period to October 30, 2026 under its binding option agreement with AJAX Resources, which holds an exclusive option to acquire 100% of the Spanish subsidiary owning the Nueva Celti Copper Project.
AJAX is progressing due diligence and the parties are negotiating definitive documentation, with closing anticipated before the new deadline.
The TSXV has granted conditional approval, subject to closing conditions including shareholder approval; deal completion remains uncertain per the forward-looking disclaimer.
• 1mo ago AI analysis › Press Release
Advanced Drainage Systems Releases 2026 Sustainability Report
Advanced Drainage Systems released its Fiscal 2026 Sustainability Report, with CEO Scott Barbour framing sustainability as central to how the company manages risk and improves operational efficiency.
Report highlights include a 12.5% reduction in Scope 1 and 2 GHG emissions versus the Fiscal 2022 baseline, the purchase of 388 million pounds of recycled material (roughly 30% of the recycled pigmented HDPE bottles in the United States), and a Total Recordable Incident Rate of 1.52 with continued year-over-year improvement.
ADS was named to Newsweek's America's 2026 Most Responsible Companies list for the fourth consecutive year and to Time Magazine's 2026 Most Impactful Companies list, and contributed over $0.8 million to charitable organizations, including $0.7 million through the ADS Foundation.
The release contains no financial results, guidance, or operational changes and reads as a routine annual ESG disclosure with limited market impact.
• 1mo ago AI analysis › News
Baron SMID Cap ETF Q2 2026 Portfolio Activity
seekingalpha.com • 1mo ago News
Analyzing Kingspan Group (OTCMKTS:KGSPF) & Advanced Drainage Systems (NYSE:WMS)
defenseworld.net • 1mo ago News
A Look at Advanced Drainage Systems Inc (WMS) After 6.2% Gain -- GF Value $158.00 vs Price $149.23
gurufocus.com • 2mo ago News
Advanced Drainage Systems Q1 Earnings Call Highlights
marketbeat.com • 2mo ago Press Release ⚠ 1
Western Metallica Resources Corp. Announces Exclusivity and Binding Option Agreement for Nueva Celti Copper Project
Western Metallica entered into a binding option agreement with AJAX Resources PLC to sell its Spanish subsidiary, which owns the Nueva Celti Copper Project, for total consideration of US$300,000.
The transaction structure includes a $10,000 option fee, $90,000 in cash upon completion, and $200,000 in Ajax shares, subject to TSX Venture Exchange approval.
The company will retain its principal Penedela gold project in Northern Spain, where the permit is currently undergoing renewal.
• 2mo ago AI analysis › News
ROCK or WMS: Which Is the Better Value Stock Right Now?
zacks.com • 2mo ago News
Advanced Drainage Systems, Inc. (WMS) Q1 2027 Earnings Call Transcript
seekingalpha.com • 2mo ago News
Advanced Drainage Systems (WMS) Q1 Earnings and Revenues Top Estimates
zacks.com • 2mo ago Press Release
Advanced Drainage Systems Announces Quarterly Cash Dividend
Advanced Drainage Systems declared a quarterly cash dividend of $0.20 per share, representing an 11% increase over the prior year’s dividend amount.
CEO Scott Barbour attributed the increase to the strength of the company's balance sheet and formidable cash generation, reaffirming a commitment to returning capital to shareholders.
The dividend is payable on September 15, 2026, to shareholders of record at the close of business on September 1, 2026.
• 2mo ago AI analysis › Press Release ● Major
Advanced Drainage Systems Announces First Quarter Fiscal 2027 Results
Fiscal Q1 net sales increased 20.6% year-over-year to $1.0 billion, driven by organic growth and the NDS acquisition, while Adjusted EBITDA rose 28.8% to $358.3 million.
Diluted EPS from continuing operations grew 22.8% to $2.26, supported by margin expansion of 230 basis points driven by price/cost management and volume strength.
The company confirmed its full-year fiscal 2027 guidance for net sales of $3.35B-$3.55B and repurchased $228.5 million of common stock during the quarter.
• 2mo ago AI analysis › News
J vs. WMS: Which Stock Is the Better Value Option?
zacks.com • 3mo ago News
Advanced Drainage Systems Shareholders Approve Board, Auditor and Pay at Annual Meeting
marketbeat.com • 3mo ago Press Release
Advanced Drainage Systems to Announce First Quarter Fiscal Year 2027 Results on August 6, 2026
Advanced Drainage Systems announced it will release its unaudited financial results for the fiscal first quarter ended June 30, 2026, before the market opens on August 6, 2026.
President and CEO Scott Barbour and CFO Scott Cottrill are scheduled to host a conference call and webcast at 10:00 a.m. ET on August 6 to discuss the results.
A live webcast and subsequent replay will be accessible through the Investor Relations section of the company's website.
• 3mo ago AI analysis › SEC Filing ⚠ 2
WMS: 8-K · proxy statement
Advanced Drainage Systems, Inc. held its 2026 Annual Meeting of Stockholders on July 16, 2026, where stockholders approved all three proposals submitted for a vote.
The company elected all nine director nominees to serve a one-year term expiring at the 2027 annual meeting. While all nominees were elected, Directors Alexander R. Fischer and Robert M. Eversole received notable opposition votes compared to the other nominees.
Additionally, stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2027 and approved executive compensation on an advisory basis.
SEC 8-K • 3mo ago Press Release ⚠ 2
Western Metallica Resources Corp. Announces Consolidation and Shares-for-Debt Transaction
Western Metallica Resources completed a 3:1 share consolidation effective July 10, 2026, reducing its issued and outstanding shares to approximately 2.81 million prior to the debt settlement.
The company also finalized a shares-for-debt transaction with CEO Greg Duras, issuing 2.47 million post-consolidated shares to settle $370,000 of outstanding indebtedness.
Following these transactions, the company has 5.28 million common shares issued and outstanding, with Mr. Duras becoming a control person under Canadian securities laws.
• 3mo ago AI analysis › Press Release
Advanced Drainage Systems Named to TIME’s 2026 World’s Most Impactful Companies
Advanced Drainage Systems (WMS) has been named to TIME’s 2026 list of the World’s Most Impactful Companies.
The recognition cites ADS’ leadership in sustainable water management, circular manufacturing, and environmental stewardship.
ADS highlighted its 110,000-square-foot Engineering and Technology Center and its role as one of North America’s largest plastic recyclers, diverting over half a billion pounds of plastic from landfills annually.
• 3mo ago AI analysis › Press Release ⚠ 3
Western Metallica Announces AGM Results
Western Metallica shareholders approved a 1-for-3 share consolidation at the AGM, granting the board authority to implement the reverse split prior to June 2027 subject to TSXV approval.
Shareholders also approved a shares-for-debt resolution that will result in the creation of a new control person, pending exchange approval.
Routine business included the re-election of directors and the appointment of McGovern Hurley LLP as auditors.
• 3mo ago AI analysis › Press Release
Advanced Drainage Systems Hosts 2026 Investor Day
Advanced Drainage Systems is hosting its 2026 Investor Day today in Hilliard, Ohio, featuring a walking tour of its new Engineering and Technology Center.
Management plans to discuss the company's pure play water exposure, growth story, and will unveil its fiscal 2030 outlook and growth projections during the presentation.
The event includes a live webcast and a Q&A session, with a replay available on the company's investor relations website.
• 4mo ago AI analysis › News
Advanced Drainage Systems: More Than A Pipe Story, Initiating With A Buy
seekingalpha.com • 4mo ago Press Release
Epicor Indago Warehouse Management System Achieves Certified Integration with Karmak Fusion
businesswire.com • 4mo ago News
Advanced Drainage Systems: A Solid Investment or Just Another Pipe Dream?
fool.com • 4mo ago SEC Filing ⚠ 3
WMS: DEF 14A · proxy statement
Advanced Drainage Systems (WMS) filed its definitive proxy statement for the 2026 Annual Meeting of Stockholders, scheduled for July 16, 2026. The filing solicits votes for the re-election of nine directors, the ratification of Deloitte & Touche LLP as independent auditor, and a non-binding advisory vote on executive compensation.
The proxy highlights strong fiscal 2026 performance, with net sales rising 5% to $3.1 billion and Adjusted EBITDA increasing 8% to $963 million, driven by growth in higher-margin Infiltrator and Allied product lines. The company also notes the successful integration of the National Diversified Sales (NDS) acquisition from Norma Group.
Executive compensation disclosures reveal that named executive officers received above-target payouts due to strong financial results, with CEO D. Scott Barbour earning 169% of his target annual incentive and 200% of his long-term equity target. The filing also discloses the recent departure of Thomas J. Waun, Sr., who is entitled to severance payments under his employment agreement.
SEC DEF 14A • 4mo ago SEC Filing
WMS: 8-K · other
Advanced Drainage Systems (WMS) filed an 8-K under Item 7.01 to provide recast historical segment financial information following its acquisition of National Diversified Sales (NDS). The company realigned its reportable segments to Stormwater and Wastewater (formerly Infiltrator) and changed its segment profitability measure from adjusted gross profit to Adjusted EBITDA.
The filing includes unaudited recast data for quarterly periods in fiscal years 2024, 2025, and 2026. ADS explicitly stated that this segment realignment had no impact on previously reported consolidated net sales, income from operations, net income attributable to ADS, or earnings per share.
For the most recent quarter ended March 31, 2026, the recast data shows total net sales of $676.8 million and consolidated Adjusted EBITDA of $188.0 million. This disclosure is for informational purposes only and does not amend or restate any previously issued financial statements.
SEC 8-K • 5mo ago Press Release
Advanced Drainage Systems Announces Increase in Quarterly Cash Dividend
Advanced Drainage Systems raised its annual cash dividend to $0.80 per share, an 11% increase over the prior year.
The quarterly payment of $0.20 per share will be paid on June 15, 2026, to shareholders of record on June 1, 2026.
CEO Scott Barbour cited strong balance sheet fundamentals and $155.4 million in total shareholder returns during Fiscal 2026 as drivers for the increase.
• 5mo ago AI analysis › Press Release ● Major ⚠ 3
Advanced Drainage Systems Announces Fourth Quarter and Fiscal Year 2026 Results
Advanced Drainage Systems reported FY26 revenue of $3.05 billion, up 5% year-over-year, with Adjusted EBITDA of $963 million, up 8.3%.
The results were bolstered by the recent acquisition of NDS, which contributed $48.8 million in Q4 revenue, and strong organic growth in higher-margin Allied and Infiltrator product lines.
Management issued FY27 guidance for revenue between $3.35 billion and $3.55 billion, citing resilience in the stormwater and wastewater markets despite macroeconomic uncertainty.
The company generated $569 million in free cash flow and returned $155 million to shareholders through dividends and buybacks, maintaining a leverage ratio of 1.6x.
• 5mo ago AI analysis › Press Release
Western Metallica Announces Expiry of Non-Binding LOI With Emerita Resources and Permit Renewal for Nueva Celti
Western Metallica announced the expiry of the non-binding LOI with Emerita Resources for the Nueva Celti property and confirmed it does not plan to proceed with the transaction.
The company successfully renewed the exploration permit for Nueva Celti for a further three-year term, extending validity until February 27, 2029.
Western Metallica retains 100% ownership of the Nueva Celti copper property and three other gold projects located in the Navelgas Gold Belt.
• 6mo ago AI analysis › Press Release
Advanced Drainage Systems Announces Fourth Quarter and Fiscal Year 2026 Results Conference Call and 2026 Investor Day
Advanced Drainage Systems will release its unaudited financial results for the fiscal fourth quarter and year ended March 31, 2026, before the market opens on May 21, 2026.
CEO Scott Barbour and CFO Scott Cottrill are scheduled to host a conference call and webcast at 10:00 a.m. ET on the same day to discuss the results.
The company also announced it will host its 2026 Investor Day on June 18 at the ADS Engineering and Technology Center in Hilliard, OH.
• 6mo ago AI analysis › Recent SEC filings with analysis 
