Welcome to our dedicated page for Advanced Drain Sys Del SEC filings (Ticker: WMS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Advanced Drainage Systems, Inc. filings document material events, operating results, capital structure and governance actions for a NYSE-listed manufacturer of stormwater and onsite wastewater management products. Recent 8-K disclosures include quarterly results releases, Regulation FD presentation materials, dividend approvals and stock repurchase program updates.
The company's regulatory record also covers financing and material-agreement disclosures, including senior notes due 2034, subsidiary guarantees and refinancing-related capital structure matters. These filings describe how ADS reports debt instruments, shareholder returns, common stock registration, board-authorized capital actions and other events affecting its public-company obligations.
Advanced Drainage Systems, Inc. plans a private offering of up to $500 million in senior unsecured notes due 2034, subject to market and other conditions. The notes will be guaranteed by its domestic subsidiaries that already guarantee its senior secured credit facility.
In connection with this offering, the company expects to amend its senior secured credit facility to increase the revolving credit facility from $600 million to $750 million, raise the term loan B from $408 million to $600 million, and extend the facility’s maturity. ADS intends to use note proceeds and term loan B proceeds to refinance the existing credit facility, redeem its 5.000% senior notes due 2027, and use any remaining funds for general corporate purposes.
Advanced Drainage Systems, Inc. plans a private offering of up to $500 million in senior unsecured notes due 2034, subject to market and other conditions. The notes will be guaranteed by its domestic subsidiaries that already guarantee its senior secured credit facility.
In connection with this offering, the company expects to amend its senior secured credit facility to increase the revolving credit facility from $600 million to $750 million, raise the term loan B from $408 million to $600 million, and extend the facility’s maturity. ADS intends to use note proceeds and term loan B proceeds to refinance the existing credit facility, redeem its 5.000% senior notes due 2027, and use any remaining funds for general corporate purposes.
Advanced Drainage Systems reported solid third-quarter fiscal 2026 results with net sales of $693.4 million, up 0.4%, and net income of $94.0 million, up 14.3%. Diluted EPS rose to $1.19 as gross margin expanded to 37.4% on favorable pricing, mix and materials.
For the first nine months, net sales grew 3.7% to $2.37 billion and net income increased 5.0% to $394.6 million, while Adjusted EBITDA rose 8.8% to $774.9 million, a 32.6% margin. Operating cash flow surged to $779.1 million, driving free cash flow of $582.4 million and cash of $1.01 billion with a low 0.5x leverage ratio.
The company continued portfolio expansion through the Orenco and River Valley Pipe acquisitions and, subsequent to quarter-end, closed the approximately $1.0 billion NDS acquisition. It also approved a new $1.0 billion share repurchase authorization, leaving $1.1 billion of total buyback capacity, while launching a restructuring plan to optimize its production and distribution network.
Advanced Drainage Systems reported solid third-quarter fiscal 2026 results with net sales of $693.4 million, up 0.4%, and net income of $94.0 million, up 14.3%. Diluted EPS rose to $1.19 as gross margin expanded to 37.4% on favorable pricing, mix and materials.
For the first nine months, net sales grew 3.7% to $2.37 billion and net income increased 5.0% to $394.6 million, while Adjusted EBITDA rose 8.8% to $774.9 million, a 32.6% margin. Operating cash flow surged to $779.1 million, driving free cash flow of $582.4 million and cash of $1.01 billion with a low 0.5x leverage ratio.
The company continued portfolio expansion through the Orenco and River Valley Pipe acquisitions and, subsequent to quarter-end, closed the approximately $1.0 billion NDS acquisition. It also approved a new $1.0 billion share repurchase authorization, leaving $1.1 billion of total buyback capacity, while launching a restructuring plan to optimize its production and distribution network.
Advanced Drainage Systems, Inc. reported unaudited results for its fiscal third quarter ended December 31, 2025 and simultaneously strengthened its capital return plans. The company announced a $1 billion increase to its existing stock repurchase program, which had approximately $147.7 million of remaining repurchase authority. With this increase, total repurchase authority under the program is $1.148 billion, with buybacks to be executed in the open market or through privately negotiated transactions and with no obligation to repurchase a specific amount. The company’s board also approved a $0.18 per share cash dividend, payable March 16, 2026 to shareholders of record on March 2, 2026, underscoring an ongoing distribution of cash to stockholders alongside the enlarged buyback authorization.
Advanced Drainage Systems, Inc. reported unaudited results for its fiscal third quarter ended December 31, 2025 and simultaneously strengthened its capital return plans. The company announced a $1 billion increase to its existing stock repurchase program, which had approximately $147.7 million of remaining repurchase authority. With this increase, total repurchase authority under the program is $1.148 billion, with buybacks to be executed in the open market or through privately negotiated transactions and with no obligation to repurchase a specific amount. The company’s board also approved a $0.18 per share cash dividend, payable March 16, 2026 to shareholders of record on March 2, 2026, underscoring an ongoing distribution of cash to stockholders alongside the enlarged buyback authorization.
Advanced Drainage Systems, Inc. completed its previously announced all-cash acquisition of the outstanding capital stock of certain indirect subsidiaries of NORMA Group SE that comprise substantially all of its National Diversified Sales water management business. The transaction value is approximately $1.0 billion, subject to purchase price adjustments, under a Master Share Purchase Agreement dated September 23, 2025. The company also issued a press release on February 2, 2026 to announce the closing.
Advanced Drainage Systems director reports insider transactions. A reporting person serving as a director of Advanced Drainage Systems, Inc. disclosed activity in the company’s common stock through a revocable trust and direct holdings.
On 12/03/2025, the revocable trust sold 10,569 shares of common stock at $152.82 per share in an open market sale, leaving the trust with 50,076 shares afterward. On 12/05/2025, the trust made a gift of 1,000 shares at a stated price of $0, reducing its holdings to 49,076 shares.
Separately, the reporting person is shown as directly holding 2,386 shares of common stock. The filing notes that the revocable trust’s shares are held for the benefit of the reporting person, their spouse, and children.
Advanced Drainage Systems, Inc.12/02/2025 at a reported price of $0.00 per share. These were recorded as non-derivative transactions in the Form 4’s Table I. After these transactions, Coleman directly beneficially owned 11,477 shares of Advanced Drainage Systems common stock. Table II, covering derivative securities such as options or warrants, shows no derivative transactions reported for this date.
Advanced Drainage Systems, Inc. executive reports stock sale
An officer of Advanced Drainage Systems, Inc. (EVP, International) filed a Form 4 reporting a sale of company common stock. On 11/26/2025, the reporting person sold 1,500 shares of common stock at a price of $155 per share. After this transaction, the filer directly owns 13,470 shares of common stock.
The filing also shows indirect ownership of 796.9667 shares of common stock held through a KSOP, described as the current allocation under that plan. The filing is submitted by the executive through an attorney-in-fact, indicating routine compliance with insider reporting obligations.
Advanced Drainage Systems, Inc. (WMS) President & CEO and Director D. Scott Barbour reported changes in his beneficial ownership of company common stock on a Form 4 dated 11/25/2025. The filing shows multiple zero-price transactions with code "G", reflecting transfers of shares among his direct holdings and various personal and family trusts.
After these transactions, Barbour held 41,067 shares directly, 11,867 shares in a 2024 GRAT, 83,991 shares in his revocable trust, and 46,500 shares in a 2025 GRAT, along with additional indirect holdings including 98,805 shares in an irrevocable trust, 69,005 shares in a spouse’s irrevocable trust, and 16,997.0469 shares through a KSOP. All reported transfers were at a stated price of $0 per share.
Advanced Drainage Systems, Inc. (WMS) executive Patrick M. Coyle, Jr., Executive Vice President, Supply Chain, reported his equity holdings in the company. He beneficially owns 5,847 shares of common stock directly and 4,300.1706 shares indirectly through the company KSOP. He also holds several stock options to purchase common stock, including 495 shares at $99.29 per share expiring on May 17, 2032, 2,486 shares at $96.51 expiring on May 21, 2033, 1,309 shares at $177.38 expiring on May 20, 2034, 1,946 shares at $119.30 expiring on May 20, 2035, and 367 shares at $143.97 expiring on September 1, 2035. These options vest in three equal annual installments, in each case beginning on the stated start date and contingent on his continued employment.
Advanced Drainage Systems (WMS) executive Thomas J. Waun, Sr. reported open‑market sales of common stock. On 11/11/2025, he sold 1,272.3795 shares at $148.2969 per share, and on 11/12/2025 he sold 1,000 shares at $150 per share.
After these transactions, he reported 14,970 shares held directly and 796.9667 shares held indirectly through the company KSOP. A footnote indicates the direct total includes 125 shares acquired under the Employee Stock Purchase Plan and that the KSOP amount represents his current allocation.