Advanced Drainage (WMS) Q1 Revenue Up 2%
Advanced Drainage Systems (NYSE:WMS), a leading manufacturer of stormwater and onsite wastewater management products, released its results for the first quarter of fiscal 2026 on August 7, 2025. The company reported GAAP revenue of $829.9 million in Q1 FY2026, topping the analyst estimate of $828.3 million (GAAP), and notched a non-GAAP earnings per share (EPS) of $1.95, just ahead of the $1.92 consensus. Compared to the same period last year, GAAP revenue increased 1.8%, while adjusted EPS (non-GAAP) fell 5.3%. Management called attention to difficult weather conditions, rising costs from its recent Orenco acquisition, and a slight drop in legacy pipe sales. Despite margin pressures and higher selling and administrative costs, free cash flow performance was notably strong. Overall, the period showed progress, with modest growth and stable operating performance.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q4 2025 earnings report.
Advanced Drainage Systems manufactures high-performance plastic pipes and onsite septic wastewater systems for residential, commercial, and infrastructure markets. Its operations span the United States and international markets, with a broad manufacturing and distribution network. The company’s main product categories include plastic stormwater pipes, Allied products such as chambers and fittings, and Infiltrator wastewater solutions, which handle the treatment and dispersal of onsite wastewater.
Source Fool.com
