Business UpdateMay 21, 2026, 04:14 PM
Advanced Drainage Systems Realigns Segments, Adopts Adjusted EBITDA
AI Summary
Advanced Drainage Systems, Inc. has realigned its reportable segments to Stormwater and Wastewater following the acquisition of National Diversified Sales. The company also changed its segment profitability measure to Adjusted EBITDA from adjusted gross profit. This realignment, which includes recast historical financial information for fiscal years 2024-2026, does not impact previously reported consolidated net sales, income from operations, net income, or earnings per share.
Key Highlights
- Advanced Drainage Systems realigned segments to Stormwater and Wastewater after NDS acquisition.
- Changed segment profitability measure from adjusted gross profit to Adjusted EBITDA.
- Recast historical financial data for fiscal 2024, 2025, and 2026 quarterly periods.
- No impact on previously reported consolidated net sales, income from operations, net income, or EPS.
- Q4 FY26 consolidated Adjusted EBITDA was $187.99 million.
- Q4 FY26 Stormwater segment net sales were $543.62 million.
- Q4 FY26 Wastewater segment net sales were $155.55 million.
Price Impact
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