Advanced Drainage Systems (NYSE: WMS) reported Q1 EPS of $0.27, versus $0.29 reported last year. Revenue for the quarter came in at $358.4 million, versus $357.6 million reported last year.

Fiscal Year 2018 Outlook

Based on current visibility, backlog of existing orders and business trends, the Company maintained its financial targets for fiscal 2018. Net sales for fiscal year 2018 are expected to be in the range of $1.275 billion to $1.325 billion, while the outlook for Adjusted EBITDA (Non-GAAP) is expected to be in the range of $200 and $220 million for fiscal year 2018. Capital expenditures are expected to be approximately $55 to $60 million.

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