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Advanced Drainage Systems ( (WMS) ) has provided an update.
Advanced Drainage Systems has reorganized its internal reporting structure following the acquisition of National Diversified Sales, realigning its reportable segments into Stormwater and Wastewater for the fiscal year ended March 31, 2026. The company also shifted its primary segment profitability metric from adjusted gross profit to Adjusted EBITDA to better reflect how leadership evaluates performance and allocates resources.
As part of the segment realignment, ADS recast historical segment results for fiscal 2024 through 2026, clarifying that the changes did not affect previously reported consolidated net sales, income from operations, net income attributable to ADS or earnings per share. The company furnished unaudited, supplemental historical financial data for investors to compare segment performance under the new structure, while emphasizing that its prior audited financial statements remain unchanged.
The most recent analyst rating on (WMS) stock is a Buy with a $195.00 price target. To see the full list of analyst forecasts on Advanced Drainage Systems stock, see the WMS Stock Forecast page.
Spark’s Take on WMS Stock
According to Spark, TipRanks’ AI Analyst, WMS is a Neutral.
The score is driven primarily by strong operating profitability and cash generation, tempered by balance-sheet risk from a much thinner equity base. Technicals are a clear headwind (below major moving averages with negative MACD), while valuation is only middling given a ~30x P/E and low yield. Earnings call guidance and NDS integration progress are supportive but accompanied by near-term inflation and demand-volatility risks.
To see Spark’s full report on WMS stock, click here.
More about Advanced Drainage Systems
Advanced Drainage Systems, Inc. is a water management solutions company focused on stormwater and wastewater infrastructure. Through its Stormwater and Wastewater segments, the company provides engineered products and systems that support drainage, treatment and conveyance needs for construction, municipal and residential markets in North America.
Average Trading Volume: 877,358
Technical Sentiment Signal: Buy
Current Market Cap: $10.66B
For detailed information about WMS stock, go to TipRanks’ Stock Analysis page.