Business Context and Reporting Period
Company: Advanced Drainage Systems, Inc. (NYSE: WMS)
Filing Type: Form 8-K (Current Report)
Date of Report: August 3, 2023
Reporting Period: Fiscal First Quarter ended June 30, 2023
This filing announces the issuance of unaudited financial results for the first quarter of fiscal 2023 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: $0.14 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 June 30, 2023, have been released and are available in the attached exhibits.
Guidance, Outlook, and Management Commentary
- Conference Call: Management (CEO Scott Barbour and CFO Scott Cottrill) hosted a conference call and webcast on August 3, 2023, to discuss the unaudited results.
- Materials: Presentation slides forming the basis of the discussion are furnished as Exhibit 99.2.
- Dividend Details: The Board declared a cash dividend of $0.14 per share.
- Record Date: September 1, 2023
- Payment Date: September 15, 2023
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2023 revenue, net income, and earnings per share figures.
- Examine Exhibit 99.2 (Presentation Slides) for management's outlook, guidance, and discussion of operational trends.
- Confirm the dividend payment schedule and record date for shareholder eligibility.
- Verify the archived webcast on the company's Investor Relations website for detailed management commentary.