Advanced Drainage: Fiscal Q2 Earnings Snapshot
HILLIARD, Ohio (AP) — HILLIARD, Ohio (AP) — Advanced Drainage Systems Inc. (WMS) on Thursday reported net income of $135.8 million in its fiscal second quarter.
The Hilliard, Ohio-based company said it had net income of $1.71 per share.
The maker of water drainage systems and pipes posted revenue of $780.2 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $776.4 million.
Advanced Drainage expects full-year revenue in the range of $2.7 billion to $2.8 billion.
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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