HILLIARD, Ohio (AP) — HILLIARD, Ohio (AP) — Advanced Drainage Systems Inc. (WMS) on Thursday reported earnings of $77.2 million in its fiscal fourth quarter.
The Hilliard, Ohio-based company said it had net income of 99 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.03 per share.
The maker of water drainage systems and pipes posted revenue of $615.8 million in the period.
For the year, the company reported profit of $450.2 million, or $5.76 per share. Revenue was reported as $2.9 billion.
Advanced Drainage expects full-year revenue in the range of $2.83 billion to $2.98 billion.
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