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Advanced Drainage Systems (WMS)
NYSE:WMS
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.96Last Year’s EPS
1.03Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong profitability, cash generation, and strategic progress (notably the NDS acquisition, margin expansion, and robust cash flow), while acknowledging near-term demand softness in residential and certain pipe subsegments, Q4 weather variability, and integration/maturity-related financing considerations. The positive operational improvements, guidance raise, and balance sheet flexibility outweigh the headwinds discussed.Company Guidance
Strong Profitability and Margin Expansion
Adjusted EBITDA increased 9% year over year and adjusted EBITDA margin expanded 250 basis points to 30.2% in the quarter, representing one of the most profitable third quarters in company history.
Robust Cash Generation
Year-to-date cash from operations of $779 million, up $239 million or 44% year over year, converting more than 100% of adjusted EBITDA into cash and ending the period with over $1.0 billion in cash on hand.
Revenue and Adjusted EBITDA Guidance Raised
Fiscal 2026 guidance increased to a revenue midpoint of $3.015 billion and an adjusted EBITDA midpoint of $945 million; adjusted EBITDA margin guidance tightened to 31.1%-31.6% (up ~50-100 bps versus prior year).
Portfolio & Product Growth — Allied and Infiltrator
Allied product sales grew 8% with strength in StormTech, Nyloplast and water-quality products; Infiltrator revenue increased 2% with good activity in the Southeast and South; growth driven by new product introductions and distribution expansion.
Strategic M&A and Brand Consolidation
NDS acquisition closed, creating three leading brands (Advanced Drainage Systems, Infiltrator, NDS) and adding complementary stormwater/retail portfolios; Orenco acquisition now fully lapped and integrated.
Capital Allocation and Balance Sheet Flexibility
Announced a new $1.0 billion repurchase authorization (bringing total to $1.148 billion); funded NDS largely from cash, leaving pro forma leverage at ~1.5x (within 1.0-2.0x guardrails) and plans to access capital markets for near-term maturities.
Operational Improvements and Synergies
Self-help initiatives and investments (manufacturing, logistics, product development) contributed materially to margin gains; management cited synergies from prior acquisitions and expects NDS cost synergies of $25 million run-rate by year three.
Company Scale and Long-Term Progress
Since fiscal 2019 revenue grew from ~$1.0 billion to approximately $3.0 billion and adjusted EBITDA margin moved from mid-teens to north of 31% (top quartile industry performance); management announced Investor Day for June 18, 2026 to update strategy.
WMS Earnings History
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 |
|---|---|---|---|
Feb 05, 2026 | $160.26 | $170.03 | +6.10% |
Nov 06, 2025 | $134.57 | $146.41 | +8.80% |
Aug 07, 2025 | $113.63 | $133.20 | +17.22% |
May 15, 2025 | $121.19 | $117.07 | -3.40% |
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 May 14, 2026, Before Open (Confirmed).
What is Advanced Drainage Systems (WMS) earnings time?
Advanced Drainage Systems (WMS) earnings time is at May 14, 2026, 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 (Q4) is 0.96.