The earnings call highlighted resilience in profitability and growth in specific segments despite a challenging demand environment and adverse weather conditions impacting project timelines. Strong margins, cash flow, and innovation efforts were contrasted with mixed demand signals and infrastructure revenue challenges.

Company Guidance -

Q2 2026

During the Advantage Drainage Systems first-quarter fiscal year 2026 conference call, the company reported a 33.5% adjusted EBITDA margin, highlighting strong results despite a challenging market environment. Revenue increased by 2% to $830 million, driven primarily by the Orenco acquisition, while organic sales saw a slight decline. Infiltrator products experienced 21% growth, bolstered by double-digit growth in on-site wastewater tanks. The company emphasized its focus on profitable growth, operational excellence, and innovation, with a notable product launch being the Arcadia hydrodynamic separator. Looking ahead, the company maintained its guidance, emphasizing the importance of their strategic investments and disciplined execution in driving long-term shareholder value, with an unchanged full-year capital expenditure forecast of $200-$225 million. The call also noted favorable price/cost dynamics and strong free cash flow of $222 million, supported by better working capital performance. Despite the positive results, the company expressed caution about demand variability and emphasized its commitment to maintaining strong margins and driving above-market growth through strategic initiatives.

Strong Adjusted EBITDA Margin

The company delivered a 33.5% adjusted EBITDA margin despite a challenging market environment, which is among the highest in the company's history.

Revenue Increase and Growth in Key Segments

Overall revenue increased by 2% to $830 million, driven by the Orenco acquisition. Notably, Infiltrator's growth was 21%, complemented by double-digit organic growth in on-site wastewater tanks.

Innovation and Product Development

The launch of new products like the Arcadia hydrodynamic separator and EcoStream Biofiltration product highlights the company's focus on innovation and addressing environmental needs.

Strong Free Cash Flow

The company generated $222 million in free cash flow year-to-date, compared to $126 million in the prior year, indicating strong cash generation.

Operational Excellence and Safety

The company achieved the safest quarter ever with a record low total recordable incident rate below 1.5 compared to an industry average of 3.2.

Advanced Drainage Systems (WMS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WMS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2026 (Q2)	1.64 / -	1.7	―	―	―
Aug 07, 2025	2026 (Q1)	1.75 / 1.95	2.06	-5.34% (-0.11)
May 15, 2025	2025 (Q4)	1.06 / 1.03	1.23	-16.26% (-0.20)
Feb 06, 2025	2025 (Q3)	1.20 / 1.09	1.37	-20.44% (-0.28)
Nov 08, 2024	2025 (Q2)	1.89 / 1.70	1.71	-0.58% (-0.01)
Aug 08, 2024	2025 (Q1)	2.08 / 2.06	2.18	-5.50% (-0.12)
May 16, 2024	2024 (Q4)	1.04 / 1.23	1.06	16.04% (+0.17)
Feb 08, 2024	2024 (Q3)	1.06 / 1.37	0.99	38.38% (+0.38)
Nov 02, 2023	2024 (Q2)	1.69 / 1.71	1.8	-5.00% (-0.09)
Aug 03, 2023	2024 (Q1)	1.56 / 2.18	2.25	-3.11% (-0.07)

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
Aug 07, 2025	$113.91	$133.52	+17.22%
May 15, 2025	$121.48	$117.35	-3.40%
Feb 06, 2025	$115.66	$117.32	+1.44%
Nov 08, 2024	$158.33	$135.58	-14.37%

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 Oct 30, 2025, Before Open (Confirmed).

What is Advanced Drainage Systems (WMS) earnings time?

Advanced Drainage Systems (WMS) earnings time is at Oct 30, 2025, 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 (Q2) is 1.64.

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