Quarterly ResultAug 6, 2026, 07:08 AM
Advanced Drainage Systems Q1 Net Sales $1.0B, EPS $2.26; Dividend $0.20
AI Summary
Advanced Drainage Systems, Inc. announced strong financial results for the first quarter of fiscal 2027, with net sales increasing 20.6% to $1.0 billion and diluted EPS from continuing operations rising 22.8% to $2.26. Adjusted EBITDA grew 28.8% to $358.3 million, driven by organic growth, the NDS acquisition, and favorable price/cost management. The company's Board of Directors also approved a quarterly cash dividend of $0.20 per share, an 11% increase, payable on September 15, 2026. Fiscal 2027 financial targets for net sales and Adjusted EBITDA were reaffirmed.
Key Highlights
- Q1 FY27 Net sales increased 20.6% to $1.0 billion.
- Q1 FY27 Diluted EPS from continuing operations increased 22.8% to $2.26.
- Q1 FY27 Adjusted EBITDA increased 28.8% to $358.3 million.
- Board declared a cash dividend of $0.20 per share, an 11% increase over prior year.
- Company repurchased $228.5 million of common stock in Q1 FY27.
- Stormwater sales increased 24.2% to $809.4 million, including $94.7 million from NDS acquisition.
- Wastewater sales increased 7.5% to $191.7 million.
- Fiscal 2027 Net sales guidance confirmed: $3.350 billion to $3.550 billion, and Adjusted EBITDA guidance confirmed: $1.0 billion to $1.050 billion.
Price Impact
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