The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how HVAC and water systems stocks fared in Q2, starting with Advanced Drainage (NYSE:WMS).

Advanced Drainage delivered quarterly results that exceeded Wall Street’s revenue and non-GAAP earnings expectations, supported by robust execution in both its Stormwater and Wastewater segments. Management credited the company’s performance to strong organic growth, the contribution from the NDS acquisition, and disciplined price management amid persistent cost inflation. CEO Scott Barbour highlighted the company’s diversified portfolio and material conversion initiatives as key factors, noting

Stormwater and wastewater leader hits $1 billion quarterly revenue for first time.

Baron Capital, an investment management company, released its Q2 2026 investor letter for the “Baron Discovery Fund”. A copy of the letter is available to download here. Baron Discovery Fund appreciated by 19.08% (Institutional Shares) in the quarter, underperforming the Russell 2000 Growth Index, which gained 25.71%. This lag was primarily due to a momentum-driven “AI […]

Water management company Advanced Drainage Systems (NYSE:WMS) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 20.6% year on year to $1.00 billion. The company expects the full year’s revenue to be around $3.45 billion, close to analysts’ estimates. Its non-GAAP profit of $2.49 per share was 17.4% above analysts’ consensus estimates.

Advanced Drainage Systems (NYSE:WMS) reported first-quarter fiscal 2027 net sales of $1 billion, up 21% from a year earlier, as organic growth, the contribution from NDS and customer purchases ahead of price increases supported results. The company said it recorded more than $1 billion in quarterly

Advanced Drainage Systems (WMS) is poised to continue its outperformance after "strong" fiscal Q1 re

ROCK vs. WMS: Which Stock Is the Better Value Option?

Advanced Drainage Systems (WMS) drew investor attention on 6 August 2026 after reporting first quarter results, a higher quarterly dividend, and updates on share repurchases and fiscal 2027 sales guidance. See our latest analysis for Advanced Drainage Systems. Against this backdrop of higher dividends, earnings and buybacks, Advanced Drainage Systems has had mixed recent momentum, with the share price down 0.8% year to date but a 1 year total shareholder return of 11.7%. If you are assessing...

Water management company Advanced Drainage Systems (NYSE:WMS) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 20.6% year on year to $1.00 billion. The company expects the full year’s revenue to be around $3.45 billion, close to analysts’ estimates. Its non-GAAP profit of $2.49 per share was 17.4% above analysts’ consensus estimates.

Advanced Drainage (WMS) delivered earnings and revenue surprises of +13.70% and +2.48%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Latham Group (SWIM) delivered earnings and revenue surprises of -29.41% and +3.93%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Simpson Manufacturing (SSD) delivered earnings and revenue surprises of +13.60% and +1.85%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations. However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.

J vs. WMS: Which Stock Is the Better Value Option?

Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential. However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.

Advanced Drainage Systems (NYSE:WMS) held its annual meeting of stockholders virtually, with shareholders approving all three proposals presented by the company, according to meeting remarks from President and CEO D. Scott Barbour and Secretary Scott Cottrill. Barbour opened the meeting by outlinin