Advanced Drainage (WMS) Reports Q3 Fiscal Earnings: $1.27 EPS, Revenue $693.4M

Advanced Drainage Systems Inc. (WMS) reported fiscal third-quarter profit of $93.6 million, or $1.27 per share on a non-GAAP basis, and $1.19 per share on a GAAP basis. Revenue reached $693.4 million, exceeding the $686.5 million average estimate. Results surpassed analyst expectations, with the average of three Zacks analysts’ forecasts for $1.11 per share. The company guided to full-year revenue of $2.99 billion to $3.04 billion.