HILLIARD, Ohio (AP) — HILLIARD, Ohio (AP) — Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal third-quarter profit of $93.6 million.
On a per-share basis, the Hilliard, Ohio-based company said it had profit of $1.19. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The maker of water drainage systems and pipes posted revenue of $693.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $686.5 million.
Advanced Drainage expects full-year revenue in the range of $2.99 billion to $3.04 billion.
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