$WMS (ADVANCED DRAINAGE SYSTEMS) — 8-K: WMS Q2 FY27: Adj EPS $1.88 beats street by $0.09 (+5.2%) despite softer demand

Adjusted EPS of $1.88 topped the $1.79 consensus by $0.09 (+5.2%). Revenue came in at $889M, up 4.6% YoY, with FY2027 revenue guided to $3.3B-$3.4B and adjusted EBITDA to $1.0B-$1.0B. The print reflects a larger-than-expected pull-forward of revenue into Q1 and a softer demand backdrop driven by higher interest rates and geopolitical uncertainty, though favorable price cost more than offset unfavorable volume and transportation costs.

Adjusted EPS of $1.88 topped the $1.79 consensus by $0.09 (+5.2%). Revenue came in at $889M, up 4.6% YoY, with FY2027 revenue guided to $3.3B-$3.4B and adjusted EBITDA to $1.0B-$1.0B. The print reflec