ADS reports Q4 FY2026 net sales up 9.9% to $676.8M; closes NDS acquisition

Advanced Drainage Systems reported fourth quarter net sales increased 9.9% to $676.8 million with organic sales growth of 2.0%, and completed the acquisition of National Diversified Sales during the quarter. The company generated $819.1 million in operating cash flow for fiscal 2026 while maintaining a 31.6% Adjusted EBITDA margin, though management expressed caution on FY2027 demand outlook citing geopolitical uncertainty and elevated interest rates.