The earnings call reveals a company that is navigating a challenging environment with operational efficiency and strategic product launches leading to strong profitability metrics, despite facing a tepid demand environment and challenges in specific segments like infrastructure and DIY. The sentiment is balanced, reflecting both positive operational achievements and external market challenges.

Company Guidance

During the first quarter of fiscal year 2026, Advantage Drainage Systems reported a robust 33.5% adjusted EBITDA margin despite challenging market conditions. The company's revenue increased by 2% to $830 million, primarily driven by the Orenco acquisition, while organic sales saw a slight decline. Key growth areas included Allied products and Infiltrator, both of which achieved revenue increases. The company emphasized its strategic focus on product innovation, such as the recent launch of the Arcadia hydrodynamic separator, and infrastructure improvements, including a new engineering and technology center boasting a 90,000-gallon closed-loop hydraulics lab. Despite the tepid demand environment, ADS maintained stable sequential pricing and favorable price/cost performance, partly due to lower material costs. The company generated $222 million in free cash flow, attributed to better working capital performance, and ended the quarter with over $1.2 billion in available liquidity, highlighting its financial strength and strategic flexibility.

Strong Adjusted EBITDA Margin

Achieved a resilient 33.5% adjusted EBITDA margin despite a challenging market environment.

Revenue Growth Driven by Orenco Acquisition

Overall revenue increased by 2%, primarily driven by the Orenco acquisition. Organic sales were slightly down but core nonresidential and residential markets remained resilient.

Successful New Product Launches

Introduced the Arcadia hydrodynamic separator and EcoStream Biofiltration products, enhancing the water quality product category, which has grown at a high-teens CAGR over the last 3 years.

Operational Efficiency Improvements

Closed several production operations while maintaining customer service, increased production efficiency by over 20% compared to pre-COVID levels.

Record Low Safety Incidents

Achieved the safest quarter ever with a total recordable incident rate below 1.5 compared to an industry average of 3.2.

Free Cash Flow Increase

Generated $222 million in free cash flow year-to-date, compared to $126 million in the prior year, primarily due to better working capital performance.

Advanced Drainage Systems (WMS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WMS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2026 (Q2)	1.64 / -	1.7	―	―	―
Aug 07, 2025	2026 (Q1)	1.75 / 1.95	2.06	-5.34% (-0.11)
May 15, 2025	2025 (Q4)	1.06 / 1.03	1.23	-16.26% (-0.20)
Feb 06, 2025	2025 (Q3)	1.20 / 1.09	1.37	-20.44% (-0.28)
Nov 08, 2024	2025 (Q2)	1.89 / 1.70	1.71	-0.58% (-0.01)
Aug 08, 2024	2025 (Q1)	2.08 / 2.06	2.18	-5.50% (-0.12)
May 16, 2024	2024 (Q4)	1.04 / 1.23	1.06	16.04% (+0.17)
Feb 08, 2024	2024 (Q3)	1.06 / 1.37	0.99	38.38% (+0.38)
Nov 02, 2023	2024 (Q2)	1.69 / 1.71	1.8	-5.00% (-0.09)
Aug 03, 2023	2024 (Q1)	1.56 / 2.18	2.25	-3.11% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WMS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$113.77	$133.35	+17.21%
May 15, 2025	$121.33	$117.20	-3.40%
Feb 06, 2025	$115.51	$117.18	+1.45%
Nov 08, 2024	$158.13	$135.42	-14.36%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Advanced Drainage Systems (WMS) report earnings?

Advanced Drainage Systems (WMS) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Advanced Drainage Systems (WMS) earnings time?

Advanced Drainage Systems (WMS) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WMS EPS forecast?

WMS EPS forecast for the fiscal quarter 2026 (Q2) is 1.64.

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