Advanced Drainage Systems delivered strong Q4 FY2026 revenue and adjusted EPS beats, yet shares remain under pressure and valuation is approaching attractive levels. WMS's growth was fueled by the National Diversified Sales acquisition, with Stormwater and Wastewater segments both posting double-digit product line gains and rising segment profits. Despite robust operational performance, reported EPS fell due to one-time charges; adjusted EPS and net income rose, and management guides for continued revenue and EBITDA growth in FY2027.
Advanced Drainage Systems, Inc. (WMS) Q4 2026 Earnings Call Transcript
Advanced Drainage Systems (WMS) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.03 per share a year ago.
| Building Products Industry | Industrials Sector | Donald Scott Barbour CEO | XMUN Exchange | US00790R1041 ISIN |
| US Country | 5,705 Employees | 1 Jun 2026 Last Dividend | - Last Split | 25 Jul 2014 IPO Date |
Advanced Drainage Systems, Inc. is at the forefront of designing, manufacturing, and marketing a comprehensive line of thermoplastic corrugated pipes and associated water management products for the construction and agricultural sectors globally. With operations spanning the United States, Canada, Mexico, and other international markets, the company is structured into four main segments: Pipe, International, Infiltrator, and Allied Products & Other. Since its inception in 1966, Advanced Drainage Systems has established itself as a leader in the industry, operating out of Hilliard, Ohio and maintaining a network of approximately 40 distribution centers to effectively serve its diverse customer base in non-residential, residential, agriculture, and infrastructure applications.
These include single, double, and triple wall pipes used for drainage and other applications, showcasing the company's expertise in providing durable and efficient water management solutions.
Offering EZflow synthetic aggregate bundles, mechanical aeration wastewater solutions, septic tanks and accessories, and combined treatment and dispersal systems tailored for effective wastewater management.
This range covers storm retention/detention and septic chambers, polyvinyl chloride (PVC) drainage structures, fittings, water quality filters, and separators, ensuring comprehensive drainage and water purification solutions.
The company also engages in the purchase and distribution of construction fabrics and other geosynthetic products aimed at soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, further broadening its extensive product portfolio.
In addition to drainage grates, Advanced Drainage Systems provides Presby environmental enviro-septic and advanced enviro-septic systems, alternative combined treatment and dispersal systems, PVC hubs, rubber sleeves, and stainless steel bands, catering to a variety of water management needs.