Advanced Drainage Systems (NYSE: WMS) reported Q1 EPS of $0.37, versus $0.20 reported last year. Revenue for the quarter came in at $358 million, versus $349.1 million reported last year.

GUIDANCE:

Advanced Drainage Systems sees FY2017 revenue of $1.27 - $1.31 billion. With the revised net sales guidance, the Company is adjusting its Adjusted EBITDA (Non-GAAP) expectations to $200 million to $225 million for the full fiscal year.

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