ADS - Advanced Drainage Systems Inc. reported its third quarter (Q3) fiscal 2026 results, with net sales rising 0.4% to USD 693.35 million. Net income for the quarter increased 14.3% to USD 94 million, while net income per diluted share grew 14.4% to USD 1.19. Adjusted EBITDA (Non-GAAP) rose 9.3% to USD 209.2 million, and adjusted earnings per share (Non-GAAP) increased 16.5% to USD 1.27. For the nine months ended December 31, 2025, net sales were USD 2.37 billion, reflecting a 3.7% increase year-to-date. Gross profit for the third quarter was USD 259.15 million, and selling, general and administrative expenses totaled USD 108.74 million. The company highlighted a strategic shift in its product portfolio towards higher margin products, contributing to an adjusted EBITDA margin of 30.2% for the quarter. In corporate updates, ADS completed the acquisition of NDS, a leading U.S. supplier of residential stormwater and irrigation products, enhancing its stormwater capture portfolio and distribution and retail channel offerings. The acquisition was primarily funded using cash on hand. The company also announced an increase in its stock repurchase authorization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADS - Advanced Drainage Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260205107143) on February 05, 2026, and is solely responsible for the information contained therein.