Advanced Drainage Systems, Inc. announced its financial results for the fiscal first quarter ended June 30, 2025, on August 7, 2025. Net sales increased by 1.8% to $829.9 million, compared to $815.3 million in the prior year quarter.
Diluted net income per share decreased by 10.7% to $1.84, down from $2.06 in the prior year quarter. Adjusted EBITDA, however, saw a slight increase of 1.0% to $278.2 million, compared to $275.5 million in the previous year, with an Adjusted EBITDA margin of 33.5%.
The company confirmed its previously issued financial targets for fiscal year 2026, expecting net sales in the range of $2.825 billion to $2.975 billion and Adjusted EBITDA between $850 million and $910 million. Capital expenditures are projected to be in the range of $200 million to $225 million.
Infiltrator sales increased 21.1% to $178.4 million, primarily driven by the Orenco acquisition, though organic revenue for Infiltrator increased 0.7%. The company also acquired River Valley Pipe early in the quarter, strengthening its presence in key geographies.
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