Advanced Drainage Systems (WMS) Tops Q1 EPS by 11c, Updates Guidance

Advanced Drainage Systems (NYSE: WMS) reported Q1 EPS of $0.51, $0.11 better than the analyst estimate of $0.40. Revenue for the quarter came in at $387.8 million versus the consensus estimate of $382.03 million.

GUIDANCE:

Advanced Drainage Systems sees FY2019 revenue of $1.375-1.425 billion, versus the consensus of $1.39 billion.

The Company also is raising the bottom-end of its Adjusted EBITDA range by $5 million to an updated range of $225 to $240 million. Capital expenditures are expected to be approximately $60 to $70 million.

For earnings history and earnings-related data on Advanced Drainage Systems (WMS) click here.

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