8-K ·Filed May 21, 2026

WMS

ADVANCED DRAINAGE SYSTEMS, INC.
NEUTRAL
Impact 3/10
Horizondays Processed4mo ago SEC0001604028-26-000020
8-K context-dependent: Items 7.01
Actionable Insight • Neutral

This filing is purely informational with no trading signal. Monitor upcoming quarterly filings for actual segment performance under the new structure.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
WMS ▲ +8.50% at T+60d
NEUTRAL call ✓ call won +8.50% · α vs SPY +5.31% · entry $132.81 → $144.10
Entry anchored
May 21, 2026
via day open
T+1d
+3.83%
call +3.83% · α +3.24%
$137.89
settled 4mo ago
T+5d
+2.14%
call +2.14% · α +0.48%
$135.65
settled 4mo ago
T+20d
+4.76%
call +4.76% · α +6.18%
$139.13
settled 3mo ago
T+60d
+8.50%
call +8.50% · α +5.31%
$144.10
settled 6w ago

Price Chart

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Executive Summary

Advanced Drainage Systems filed an 8-K to disclose a segment realignment following the NDS acquisition, renaming segments to Stormwater and Wastewater and switching to Adjusted EBITDA as the profitability measure. The recast historical financials for fiscal 2024-2026 show no impact on consolidated results, making this a routine disclosure.

Key Facts

  • Segment realignment into Stormwater and Wastewater following NDS acquisition
  • Segment profitability measure changed from adjusted gross profit to Adjusted EBITDA
  • Recast quarterly segment data for fiscal years 2024, 2025, and 2026 provided
  • No impact on previously reported consolidated net sales, income from operations, net income, or EPS

Financial Impact

No new financial data; recast has no effect on consolidated figures

Market Snapshot

Exchange
NYSE
Sector
Plastics Foam Products
Analyst Consensus
87% bullish (15 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001604028-26-000020
Document: wms-20260521.htm0001604028-26-000020
Document: 0001604028-26-000020-index-headers.html0001604028-26-000020
Document: 0001604028-26-000020-index.html0001604028-26-000020
Document: 0001604028-26-000020.txt0001604028-26-000020
5 reports for WMS
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for WMS — sortable, filterable
TypeNow
Aug 26, 2026
5w ago
Institutional Cluster
MIXED ★ 5/10
$141.46 $128.84▼ −8.92%▼ −9.15%$127.54 (−9.84%)
Aug 6, 2026
8w ago
8-K
BULLISH ★ 7/10
$148.45 $134.83▼ −9.17%▼ −9.77%$127.54 (−14.09%)
Jun 18, 2026
15w ago
8-K
NEUTRAL ★ 4/10
$147.12 $151.28▲ +2.83%▲ +2.29%$127.54 (−13.31%)
May 21, 2026
19w ago
8-K
NEUTRAL ★ 3/10
$132.81 $139.13▲ +4.76%▲ +6.18%$127.54 (−3.97%)
May 21, 2026
19w ago
8-K
MIXED ★ 6/10
$135.15 $140.97▲ +4.30%▲ +3.97%$127.54 (−5.63%)
Showing 5 of 5

US Market Status

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