In Q3 2025, Advanced Drainage Systems Inc (WMS) reported a revenue of $691 million, reflecting a 4% increase year-over-year, driven by strong performance in non-residential sales and residential markets. Despite a challenging infrastructure sector, which saw a 6% decline, management remains optimistic about future growth driven by ongoing demand in construction and strategic acquisitions such as Orenco. The company is well-positioned for continued growth with a robust EBITDA margin of approximately 27.6% and a significant cash flow generation, allowing for future expansion and shareholder returns.