Business Context and Reporting Period
Company: Advanced Drainage Systems, Inc. (NYSE: WMS)
Filing Type: Form 8-K (Current Report)
Date of Report: November 3, 2022
Reporting Period: Fiscal Second Quarter ended September 30, 2022
This filing announces the issuance of unaudited financial results for the second quarter of 2022 and the declaration of a quarterly cash dividend.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release furnished as Exhibit 99.1, which is incorporated by reference but not detailed in the body of this 8-K.
Dividend Declaration: $0.12 per share.
Material Changes
No specific material changes in financial condition or operations are quantified in the text of this filing. The document serves as a notification that results for the quarter ended September 30, 2022, have been released.
Guidance, Outlook, and Management Commentary
- Conference Call: Management (CEO Scott Barbour and CFO Scott Cottrill) hosted a conference call and webcast on November 3, 2022, to discuss the unaudited results.
- Materials: Presentation slides regarding the earnings are furnished as Exhibit 99.2.
- Dividend Details: The Board approved a cash dividend of $0.12 per share.
- Record Date: December 1, 2022
- Payment Date: December 15, 2022
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and EPS figures for the quarter ended September 30, 2022.
- Review Exhibit 99.2 (Presentation Slides) for management's outlook, guidance, and discussion of operational trends.
- Verify the dividend payment schedule (Record Date: Dec 1, 2022; Payment Date: Dec 15, 2022) against brokerage account records.
- Confirm the filing status of the earnings release, noting that the information is furnished and not deemed "filed" under Section 18 of the Exchange Act.