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Advanced Drainage: Fiscal 1Q Earnings Snapshot

August 1, 2019

HILLIARD, Ohio (AP) _ Advanced Drainage Systems Inc. (WMS) on Thursday reported a fiscal first-quarter loss of $226.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hilliard, Ohio-based company said it had a loss of $4.06. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The maker of water drainage systems and pipes posted revenue of $413.7 million in the period.

Advanced Drainage expects full-year revenue in the range of $1.43 billion to $1.48 billion.

Advanced Drainage shares have increased 36% since the beginning of the year. The stock has risen 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMS at https://www.zacks.com/ap/WMS

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