Filing Flows › Advanced Drainage Systems (WMS) › Q2 FY27 › vs Q1 FY27
Advanced Drainage Systems (WMS) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Advanced Drainage Systems's revenue fell $112M (-11%) from $1.0B in Q1 FY27 to $889M in Q2 FY27. The biggest changes: Stormwater −$97.3M (-12%); Wastewater −$14.4M (-8%). Gross margin 38.9% against 40.8% (-1.9 pts).
Advanced Drainage Systems, Q2 FY27: revenue $889M (+5% year over year), operating margin 21.9%, net earnings $110M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 38.9% | 40.8% | -1.9 pts |
| Operating margin | 21.9% | 25.4% | -3.5 pts |
| Net margin | 12.4% | 16.8% | -4.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Stormwater | $712M | $809M | −$97.3M | -12% |
| Wastewater | $177M | $192M | −$14.4M | -8% |
| Revenue | $889M | $1.0B | −$112M | -11% |
| Gross profit | $346M | $408M | −$62.2M | -15% |
| Cost of revenue | $544M | $593M | −$49.5M | -8% |
| Operating profit | $195M | $255M | −$59.7M | -23% |
| Operating expenses | $151M | $153M | −$2.5M | -2% |
| Pre-tax earnings | $154M | $225M | −$70.3M | -31% |
| Other expense, net | $40.6M | $29.9M | $10.6M | +35% |
| Sales & marketing | $130M | $131M | −$1.2M | -0.9% |
| Other operating costs | $21.4M | $22.7M | −$1.3M | -6% |
| Loss borne by minority interests | $338K | −$2.4M | $2.7M | — |
| Net earnings | $110M | $169M | −$58.1M | -34% |
| Income tax | $44.2M | $53.7M | −$9.5M | -18% |
Questions
How much did Advanced Drainage Systems's revenue grow quarter over quarter in Q2 FY27?
Advanced Drainage Systems's revenue fell $112M (-11%) from $1.0B in Q1 FY27 to $889M in Q2 FY27.
What drove Advanced Drainage Systems's revenue change in Q2 FY27?
Stormwater −$97.3M (-12%); Wastewater −$14.4M (-8%).