Advanced Drainage Systems (WMS)
NYSE:WMS
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
2.05Last Year’s EPS
1.95Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrays a broadly positive financial and strategic picture: robust revenue and margins, strong free cash flow and balance-sheet metrics, successful close and early integration of the $1.0B NDS acquisition with expected synergies, and clear FY27 guidance. Principal risks include near-term inflationary pressures (diesel and carrier rates), choppy demand with pull-forward buying that could create short-term 'air pockets,' regional competitive pressure versus concrete, and softness in single-family residential and agriculture. Management has multiple operational levers (recycling, internal fleet, pricing actions, SG&A management) and a conservative, cash-focused approach that support confidence in navigating the headwinds.Company Guidance
Strong Q4 and Fiscal Year Financial Performance
Q4 revenue increased 10% to $677 million (including NDS). Adjusted EBITDA increased 6% in Q4 with a 27.8% adjusted EBITDA margin. Full-year adjusted EBITDA margin was 31.6% (second-highest in company history).
Robust Free Cash Flow and Cash Conversion
Fiscal 26 free cash flow was $569 million vs. $369 million prior year (+$200M). Cash from operations totaled $819 million, representing an ~85% conversion of adjusted EBITDA.
NDS Acquisition Closed and Integration Tracking Well
Closed $1.0 billion NDS acquisition (Feb 2). Q4 saw a $49 million Q4 contribution from NDS to allied products. Management expects $25 million of annual cost synergies by year 3, sees expanding revenue synergies, and assumes ~$300 million of NDS revenue in FY27 guidance.
Thoughtful Capital Deployment and Strong Balance Sheet
Deployed $1.4 billion of capital in FY26 with $1.2 billion into growth and $250 million in CapEx. Returned $155 million to shareholders (up 29% YoY), announced an 11% dividend increase, repurchased 720k shares in Q4, ended year with ~1.6x leverage (inclusive of NDS), weighted average cost of debt ~5.65% and maturities >6 years, and increased revolver to $750 million.
Allied Products and Select Product Lines Delivered Double-Digit Growth
Stormwater revenue up 12% in Q4; allied product sales up 43% (including NDS). On an organic basis, stormwater sales +2% with Allied Products organic growth of 12%. Several high-margin product lines grew double digits, including StormTech chambers, Nyloplast capture structures, and water quality products.
Wastewater and Infiltrator Business Strength
Wastewater revenue increased 4% in Q4 with tank products up double digits. Leachfield sales remained resilient and advanced treatment systems (including Orenco) continued to gain share in residential and commercial applications. Core Infiltrator residential business significantly outperformed the market.
Clear FY27 Financial Guidance
Management provided FY27 guidance: revenue $3.35B–$3.55B and adjusted EBITDA $1.0B–$1.05B, with ~55% of revenue expected in the first half and pricing actions planned to offset material and transportation inflation on a dollar-for-dollar basis.
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 |
|---|---|---|---|
May 21, 2026 | $136.83 | $135.15 | -1.23% |
Feb 05, 2026 | $160.09 | $169.85 | +6.10% |
Nov 06, 2025 | $134.43 | $146.25 | +8.80% |
Aug 07, 2025 | $113.52 | $133.06 | +17.22% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Advanced Drainage Systems (WMS) earnings time?
Advanced Drainage Systems (WMS) earnings time is at Jul 30, 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 2027 (Q1) is 2.05.