Advanced Drainage Systems, Inc. reports news on stormwater and onsite wastewater management products for commercial, residential, infrastructure and agricultural applications. Company updates commonly cover quarterly operating results, investor presentations, dividend declarations, stock repurchase authorizations and capital allocation.
Recurring developments also include product and portfolio expansion across water management, including ADS pipe products, Infiltrator septic systems and the completed addition of National Diversified Sales residential water management, access box and irrigation solutions. News may also cover partnerships and foundation activity tied to stormwater innovation, watershed management and water-quality initiatives.
PSP Capital entered into a definitive agreement to sell StormTrap to Advanced Drainage Systems (NYSE: WMS) at an approximately $530 million valuation. The transaction is expected to close in the coming months, subject to customary regulatory approvals.
PSP Capital invested in StormTrap in March 2022, partnering with management to expand its products and research capabilities. During PSP Capital's ownership, StormTrap more than doubled revenue and earnings, added more than 60 employees, built a research and testing facility, launched water quality products and completed a tuck-in acquisition. StormTrap provides stormwater management and water quality solutions across North America. Raymond James and William Blair advised StormTrap and PSP Capital financially; Jefferies advised ADS.
Advanced Drainage Systems (WMS) has agreed to acquire StormTrap Investments from PSP Capital for approximately $530 million. The price is approximately $450 million after adjusting for the present value of expected tax benefits. ADS expects the acquisition to increase adjusted earnings per share in the first year and close in the fourth quarter of calendar 2026.
StormTrap generated approximately $165 million in revenue and approximately $40 million in adjusted EBITDA, an adjusted earnings measure, in the last twelve months ending July 2026. Net of estimated tax benefits, the transaction represents approximately 10x that earnings measure, including expected recurring cost savings. Funding will come from cash on hand and existing credit line capacity. Both boards unanimously approved the deal; required regulatory approvals remain pending. ADS expects broader stormwater storage market access and cross-selling opportunities.
ADS Foundation (WMS) and The Nature Conservancy’s Brightstorm program are showcasing smart stormwater management at WEFTEC 2026 in New Orleans.
Their presentation covers Smart Watershed Network Management, an approach that uses sensors, real-time data and adaptive controls to connect stormwater sites. The groups will discuss a living lab in Florida’s Indian River Lagoon and demonstrate Alluvia, a free, open-access gateway for developing smart watershed tools.
Advanced Drainage Systems (WMS) released its Fiscal 2026 Sustainability Report outlining progress on emissions reduction, recycled materials use, safety, and community impact.
The company reports a 12.5% decrease in Scope 1 and 2 greenhouse gas emissions versus its Fiscal 2022 baseline and the purchase of 388 million pounds of recycled material, which it states accounts for about 30% of recycled pigmented HDPE bottles in the United States. ADS achieved a Total Recordable Incident Rate of 1.52 in Fiscal 2026 and updated its materiality assessment to better align sustainability priorities with stakeholder expectations. The company highlights more than $0.8 million in charitable contributions and repeated recognition on Newsweek’s 2026 list of Most Responsible Companies and Time Magazine’s 2026 list of Most Impactful Companies.
Advanced Drainage Systems (NYSE: WMS) announced that its Board of Directors approved a quarterly cash dividend of $0.20 per share, described as an 11% increase over the prior year dividend amount. According to the company, the decision reflects its balance sheet strength, cash generation and commitment to returning capital to shareholders.
The dividend will be paid on September 15, 2026 to shareholders of record as of the close of business on September 1, 2026. Advanced Drainage Systems highlights continued investment in its business alongside capital returns.
Advanced Drainage Systems (NYSE: WMS) reported first quarter fiscal 2027 net sales of $1.0 billion, up 20.6% year over year, with organic net sales up 9.2%. Stormwater sales rose 24.2% to $809.4 million, including $94.7 million from the February NDS acquisition; organic stormwater sales increased 9.7%. Wastewater sales grew 7.5% to $191.7 million.
Net income from continuing operations increased 22.5% to $176.6 million, and diluted EPS from continuing operations rose 22.8% to $2.26. Adjusted EBITDA climbed 28.8% to $358.3 million, expanding margin to 35.8%, up 230 basis points. Free cash flow was $203.2 million, compared with $222.4 million a year earlier.
Net debt stood at $1.60 billion with a trailing-twelve-month leverage ratio of 1.5x Adjusted EBITDA and total liquidity of $900.9 million. ADS repurchased 1.6 million shares for $228.5 million and confirmed fiscal 2027 guidance for net sales of $3.35–$3.55 billion and Adjusted EBITDA of $1.0–$1.05 billion, with capital expenditures expected at about $200 million.
Advanced Drainage Systems (NYSE: WMS) announced it will release unaudited financial results for its fiscal first quarter ended June 30, 2026, before the market opens on August 6, 2026. President and CEO Scott Barbour and CFO Scott Cottrill will host a conference call and webcast at 10:00 a.m. ET the same day to discuss the results.
According to the company, investors can access the live audio webcast and subsequent replay through the Investor Relations section of its website at https://investors.ads-pipe.com/events-and-presentations. ADS describes itself as a leading provider of stormwater and onsite wastewater management solutions serving commercial, residential, infrastructure and agricultural markets, and notes its extensive manufacturing network, company-owned fleet and large plastics recycling operations.
Advanced Drainage Systems (NYSE: WMS) was named to TIME’s 2026 World’s Most Impactful Companies list for contributions in sustainable water management and circular manufacturing. ADS highlights its 110,000-square-foot Engineering and Technology Center, a 90,000-gallon recyclable water system, and diversion of over half a billion pounds of plastic from landfills annually.
Advanced Drainage Systems (NYSE: WMS) is hosting its 2026 Investor Day in Hilliard, Ohio at the new ADS Engineering and Technology Center, billed as the world’s most advanced stormwater facility. Leadership will discuss pure play water exposure, growth strategy and profit platform.
According to Advanced Drainage Systems, the event features a facility tour, an innovation panel on future water management solutions, unveiling of fiscal 2030 outlook and growth projections, and a live webcast with replay at investors.ads-pipe.com.
Advanced Drainage Systems (NYSE: WMS) approved a higher annual cash dividend of $0.80 per share, an 11% increase over the prior year. The quarterly dividend of $0.20 per share will be paid on June 15, 2026 to shareholders of record on June 1, 2026.
According to Advanced Drainage Systems, the higher dividend reflects strong cash generation and a focus on returning capital, after distributing $155.4 million to shareholders in fiscal 2026 through dividends and share repurchases.