02:41 PM EST, 02/05/2026 (MT Newswires) -- (Updates with the stock movement in the headline and the first paragraph, and dividend declaration in the sixth paragraph.)

Advanced Drainage Systems ( WMS ) shares rose 7% in recent Thursday trading after posting higher-than-expected fiscal Q3 adjusted earnings and sales.

The company reported fiscal Q3 adjusted earnings Thursday of $1.27 per share, up from $1.09 a year earlier.

Analysts polled by FactSet expected $1.10.

Net sales for the quarter ended Dec. 31 were $693.4 million, compared with $690.5 million a year earlier.

Analysts surveyed by FactSet expected $687.5 million.

The company raised its fiscal 2026 net sales guidance to $2.99 billion to $3.04 billion from $2.90 billion to $2.99 billion. Analysts surveyed by FactSet expect $2.99 billion.

Separately, the company said it maintained its quarterly dividend at $0.18 per share, payable March 16 to stockholders of record March 2.

Price: 171.48, Change: +11.22, Percent Change: +7.00