Filing Flows › Advanced Drainage Systems (WMS) › Guidance history
Advanced Drainage Systems (WMS) guidance history: what it guided and what it reported
Advanced Drainage Systems gave guidance in 12 earnings releases on file since Feb 8, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.0% against the guided midpoint. Its releases raised guidance 0 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $3.4B–$3.5B (May 21, 2026) → reaffirmed $3.4B–$3.5B (Aug 6, 2026) → lowered $3.3B–$3.4B (Nov 5, 2026) | — | to be reported | — |
| FY26 | $2.8B–$3.0B (May 15, 2025) → reaffirmed $2.8B–$3.0B (Aug 7, 2025) → raised $2.9B–$3.0B (Nov 6, 2025) → raised $3.0B–$3.0B (Feb 5, 2026) | $3.1B | above the range | +1.2% |
| FY25 | $2.9B (May 16, 2024) → raised $2.9B–$3.0B (Aug 8, 2024) → lowered $2.9B–$3.0B (Nov 8, 2024) → reaffirmed $2.9B–$3.0B (Feb 6, 2025) | $2.9B | within the range | -1.1% |
| FY24 | $2.8B–$2.9B (Feb 8, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $200M (May 21, 2026) → reaffirmed $200M (Aug 6, 2026) → reaffirmed $200M (Nov 5, 2026) | — | to be reported | — |
| FY26 | $275M (May 15, 2025) → lowered $200M–$225M (Aug 7, 2025) → reaffirmed $200M–$225M (Nov 6, 2025) → raised $250M (Feb 5, 2026) | $250M (GAAP) | not judged | — |
| FY25 | $250M–$300M (May 16, 2024) → reaffirmed $250M–$300M (Aug 8, 2024) → lowered $250M (Nov 8, 2024) → lowered $225M (Feb 6, 2025) | $213M (GAAP) | not judged | — |
| FY24 | $200M (Feb 8, 2024) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.0B–$1.1B (May 21, 2026) → reaffirmed $1.0B–$1.1B (Aug 6, 2026) → lowered $1.0B–$1.0B (Nov 5, 2026) | — | to be reported | — |
| FY26 | $850M–$910M (May 15, 2025) → reaffirmed $850M–$910M (Aug 7, 2025) → raised $900M–$940M (Nov 6, 2025) → raised $930M–$960M (Feb 5, 2026) | — | — | — |
| FY25 | $940M–$980M (May 16, 2024) → reaffirmed $940M–$980M (Aug 8, 2024) → lowered $880M–$920M (Nov 8, 2024) → reaffirmed $880M–$920M (Feb 6, 2025) | — | — | — |
| FY24 | $880M–$910M (Feb 8, 2024) | — | — | — |
The latest quarter
Advanced Drainage Systems, Q2 FY27: revenue $889M (+5% year over year), operating margin 21.9%, net earnings $110M. The chart follows the revenue to costs, profit and cash.
Questions
Does Advanced Drainage Systems beat its guidance?
Advanced Drainage Systems gave guidance in 12 earnings releases on file since Feb 8, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.0% against the guided midpoint.
How often does Advanced Drainage Systems raise guidance?
Its earnings releases raised guidance 0 times and lowered it once since Feb 8, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.