Advanced Drainage: Fiscal Q4 Earnings Snapshot

HILLIARD, Ohio (AP) — HILLIARD, Ohio (AP) — Advanced Drainage Systems Inc. (WMS) on Thursday reported earnings of $94.8 million in its fiscal fourth quarter.

The Hilliard, Ohio-based company said it had net income of $1.21 per share. Earnings, adjusted for non-recurring costs, came to $1.23 per share.

The maker of water drainage systems and pipes posted revenue of $653.8 million in the period.

For the year, the company reported profit of $509.9 million, or $6.45 per share. Revenue was reported as $2.87 billion.

Advanced Drainage expects full-year revenue in the range of $2.93 billion to $3.03 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WMS at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up