While reporting financial results for the fourth quarter on Thursday, water management solutions firm Advanced Drainage Systems, Inc. (WMS) initiated net sales guidance for the full-year 2027 between $3.35 billion and $3.55 billion.
Separately, the company's Board of Directors has approved an 11 percent higher quarterly cash dividend to its shareholders in the amount of $0.20 per share, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.
In Thursday's pre-market trading, WMS is trading on the NYSE at $131.00, down $6.10 or 4.45 percent.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.