WMSAdvanced Drainage Systems, Inc.
Advanced Drainage Systems, Inc. (WMS) sells stormwater and wastewater management products and solutions for commercial, residential, infrastructure, and agricultural applications. The next catalyst is Oct 2, 2026 — WMS news, which will test the company’s ability to maintain momentum after a mixed fiscal Q4 2026 performance .
- Revenue grew 5.0% YoY to $3.37B in the second quarter of 2026, with net income of $562.09M and a net margin of 16.7%.
- The company’s debt-to-equity ratio of 0.88x suggests a moderate leverage profile, while its diluted EPS of $2.19 reflects strong earnings power.
- Shareholders’ equity stands at $1.86B, with a focus on scaling through capital efficiency and geographic expansion.
The Read
5% after fiscal Q4 2026 earnings met expectations but guidance and business metrics underperformed, while it rallied on Q2 2026 earnings beat and positive forward guidance.
The schedule
- Fri2Oct
This event will test the company's ability to maintain momentum following a strong Q2 earnings print, with focus on product mix and cash flow generation. The outcome will reflect how well the company navigates macroeconomic headwinds and supply chain pressures.
- Thu8Oct
This event will test the company's ability to provide clarity on near-term demand trends and strategic initiatives. The outcome will reflect how well the company communicates its growth story and operational efficiency.
- Thu5Nov
This earnings release will test the company's ability to deliver consistent top-line growth and manage margin pressures. The outcome will reflect how well the company navigates a challenging macroeconomic environment.
- Thu6May
This earnings release will test the company's ability to deliver consistent top-line growth and manage margin pressures. The outcome will reflect how well the company navigates a challenging macroeconomic environment.
- Thu5Aug
This earnings release will test the company's ability to deliver consistent top-line growth and manage margin pressures. The outcome will reflect how well the company navigates a challenging macroeconomic environment.
- Thu4Nov
Past
- Thu6Aug
Actual outcome: Bull
Advanced Drainage Systems (WMS) beat earnings expectations with an EPS of $0.42 versus the estimate of $0.42, signaling stability in performance. The stock rallied on positive momentum from the earnings beat, combined with strong forward guidance and strategic developments, pushing the price above the bull target of $148.00.
- Thu5Feb
Actual outcome: Bear · $136.83 at outcome
WMS reported fiscal Q4 EPS of $1.20, exactly meeting consensus estimates. Despite the in-line earnings, the stock fell 19.5% to close well below the $152.00 bear floor. The severe decline indicates that FY2027 guidance or underlying business metrics fell short of market expectations, driving a strong bearish reaction.