Advanced Drainage: Fiscal 2Q Earnings Snapshot
HILLIARD, Ohio (AP) _ Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal second-quarter profit of $28.7 million.
The Hilliard, Ohio-based company said it had net income of 45 cents per share. Earnings, adjusted for stock option expense, were 53 cents per share.
The maker of water drainage systems and pipes posted revenue of $406.6 million in the period.
Advanced Drainage expects full-year revenue in the range of $1.38 billion to $1.43 billion.
Advanced Drainage shares have climbed 21 percent since the beginning of the year. The stock has increased 35 percent in the last 12 months.