Advanced Drainage: Fiscal 1Q Earnings Snapshot
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.