WMS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• •Net income from continuing operations increased 22.5% to $176.6 million

• •Adjusted EBITDA, a non-GAAP measure, increased 28.8% to $358.3 million

• Net sales increased $171.2 million, or 20.6%, to $1,001.1 million, as compared to $829.9 million in the prior year quarter. Stormwater sales increased $157.8 million, or 24.2%, to $809.4 million. Stormwater sales include $94.7 million of revenue from the acquisition of NDS. Wastewater sales increase…

• Gross profit increased $77.6 million, or 23.5%, to $408.0 million as compared to $330.4 million in the prior year. The increase in gross profit is primarily driven by the acquisition of NDS, volume growth, and favorable price/cost and manufacturing costs, partially offset by higher transportation co…

• Comparison of the Three Months Ended June 30, 2026 to the Three Months Ended June 30, 2025

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• •Adjusted EBITDA, a non-GAAP measure, increased 9.3% to $209.2 million

• Net sales increased $2.8 million, or 0.4%, to $693.4 million, as compared to $690.5 million in the prior year quarter. Domestic Pipe sales decreased $12.9 million, or 3.8%, to $326.7 million. Domestic Allied Products & Other sales increased $14.1 million, or 9.4%, to $164.7 million. Infiltrator sale…

• Gross profit increased $17.6 million, or 7.3%, to $259.2 million as compared to $241.6 million in the prior year. The increase in gross profit is primarily driven by volume growth, favorable price/cost, and favorable mix of Allied Products & Other and Infiltrator.

• Selling, general and administrative expenses increased $8.0 million, or 7.9% to $108.7 million, as compared to $100.8 million in the prior year. As a percentage of Net sales, Selling, general and administrative expenses increased to 15.7% as compared to 14.6% in the prior year, primarily driven by t…

• •Adjusted EBITDA, a non-GAAP measure, increased 8.8% to $774.9 million

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• We may be unable to successfully integrate our and NDS’ businesses in order to realize the anticipated benefits of the acquisition or do so within the intended timeframe.

• We will be required to devote significant management attention and resources to integrating the business practices and operations of NDS with our business. We may be unable to realize the planned synergies from the acquisition or other benefits in the timeframe that we expect or at all. We continue …

• The success of the acquisition, including anticipated synergies, benefits and cost savings, will depend, in part, on our ability to successfully combine and integrate our current operations with NDS’ business. If we experience difficulties with the integration process or other unforeseen costs, the …

• Additional difficulties we may encounter as part of the integration process include the following:

• •the costs of integration and compliance and the possibility that the full benefits anticipated to result from our acquisition of NDS will not be realized;

Text added vs the prior filing · source: 10-Q · 2026-08-06

• During the three months ended June 30, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• On December 12, 2025, Craig Taylor, Executive Vice President of the Company, adopted a Rule 10b5-1 trading arrangement, as such term is defined in Item 408(a) of Regulation S-K, for the potential exercise and sale of shares of the Company’s common stock underlying 4,240 of Mr. Taylor’s outstanding o…

• Except as described above, during the three months ended December 31, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.