Advanced Drainage Systems Inc. Q3 Profit Decreases, Misses Estimates

Advanced Drainage Systems

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Kaufen / Verkaufen

(RTTNews) - Advanced Drainage Systems Inc. (WMS) revealed a profit for third quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $81.23 million, or $1.04 per share. This compares with $105.64 million, or $1.34 per share, last year.

Excluding items, Advanced Drainage Systems Inc. reported adjusted earnings of $1.09 per share for the period.

Analysts on average had expected the company to earn $1.21 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.3% to $690.54 million from $662.37 million last year.

Advanced Drainage Systems Inc. earnings at a glance (GAAP) :

-Earnings: $81.23 Mln. vs. $105.64 Mln. last year. -EPS: $1.04 vs. $1.34 last year. -Revenue: $690.54 Mln vs. $662.37 Mln last year.

For fiscal 2025, Advanced Drainage Systems expects net sales in the range of $2.900 billion - $2.975 billion. The consensus estimate stands at $2.93 billion.

The company's Board has approved a quarterly dividend of $0.16 per share, up 14% from last year, to be paid on March 14, to shareholders of record on February 28.