Advanced Drainage Systems — Second Quarter Fiscal 2027 Earnings Summary

Advanced Drainage Systems reported second-quarter fiscal 2027 net sales of $889.4 million, a 4.6% increase year-over-year, driven by the acquisition of National Diversified Sales. The company generated $286.8 million in Adjusted EBITDA for the quarter, resulting in a margin of 32.2%, while net income from continuing operations decreased to $133.6 million. For the first half of fiscal 2027, net sales rose 12.5% to $1.89 billion, and the company repurchased $375.1 million of common stock. The company updated its full-year fiscal 2027 outlook, projecting net sales between $3.3 billion and $3.4 billion and Adjusted EBITDA between $1.0 billion and $1.03 billion.