UPDATE: Advanced Drainage Systems (WMS) Reports Q3 EPS of $0.28, Beats on Revenues; Offers FY18 Revenue Mid-Point Outlook Below Consensus
Advanced Drainage Systems (NYSE: WMS) reported Q3 EPS of $0.28, versus $0.00 reported last year. Revenue for the quarter came in at $320.8 million versus the consensus estimate of $172.17 million.
- Excluding the impact of the one-time benefit from the Tax Act, Adjusted Earnings Per Fully Converted Share increased to $0.28.
- Net sales increased 8.9% to $320.8 million
- Net income increased 223.8% to $33.2 million
- Adjusted EBITDA (Non-GAAP) increased 29.0% to $56.0 million
GUIDANCE:
Advanced Drainage Systems sees FY2018 revenue of $1.275-1.325 billion, versus the consensus of $1.32 billion.
For earnings history and earnings-related data on Advanced Drainage Systems (WMS) click here.