Business Context and Reporting Period
Company: Advanced Drainage Systems, Inc. (NYSE: WMS)
Filing Type: Form 8-K (Current Report)
Date of Report: November 4, 2021
Reporting Period: Second Quarter ended September 30, 2021 (Unaudited)
Key Financial Metrics
The filing serves as a notification of the release of unaudited financial results for the second quarter ended September 30, 2021. The specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not contained within the text of this Form 8-K. These figures are referenced as being included in the attached press release (Exhibit 99.1) and presentation slides (Exhibit 99.2).
Material Changes and Corporate Actions
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.11 per share.
- Dividend Schedule:
- Record Date: December 1, 2021
- Payment Date: December 15, 2021
- Management Commentary: CEO Scott Barbour and CFO Scott Cottrill hosted a conference call and webcast to discuss the Q2 2021 results.
Guidance, Outlook, and Risks
This filing does not contain specific forward-looking guidance, risk factors, or contingency details. It directs investors to the attached exhibits for the full discussion of results and outlook. The filing explicitly states that the information furnished is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings.
Investor Verification Checklist
- Verify the specific Q2 2021 revenue and earnings per share figures in the attached press release (Exhibit 99.1).
- Confirm the dividend payment eligibility based on the December 1, 2021 record date.
- Review the presentation slides (Exhibit 99.2) for management's commentary on operational performance and future outlook.
- Check the archived webcast on the company's Investor Relations website for detailed Q&A regarding the results.