Advanced Drainage Systems (NYSE: WMS) reported Q4 EPS of $0.23, $0.11 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $443.8 million versus the consensus estimate of $402.37 million.

GUIDANCE:

Advanced Drainage Systems sees FY2022 revenue of $2.22-2.3 billion.

• Based on current visibility, backlog of existing orders and business trends, the Company has provided its net sales and Adjusted EBITDA targets for fiscal 2022. Net sales are expected to be in the range of $2.220 billion to $2.300 billion and Adjusted EBITDA is expected to be in the range of $635 to $665 million. Capital expenditures are expected to be in the range of $130 million to $150 million.

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