Advanced Drainage Systems' Fiscal Q2 Adjusted Earnings Fall, Net Sales Increase; Fiscal 2027 Net Sales Outlook Cut

07:06 AM EST, 11/05/2026 (MT Newswires) -- Advanced Drainage Systems (WMS) reported fiscal Q2 adjusted earnings Thursday of $1.88 per share, down from $1.97 a year earlier. Analysts polled by FactSet expected $1.81. Net sales for the quarter ended Sept. 30 were $889.4 million, compared with $850.4 million a year earlier. Analysts expected $921.8 million. The company updated its fiscal 2027 net sales guidance to $3.30 billion to $3.40 billion, compared with the prior guidance of $3.35 billion to $3.55 billion. Analysts expect $3.43 billion. The company maintained its quarterly dividend at $0.20 per share, payable Dec. 15 to shareholders of record as of Dec. 1.