(Updated - February 3, 2022 6:47 AM EST)

Advanced Drainage Systems (NYSE: WMS) reported Q3 EPS of $0.86, $0.07 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $715.4 million versus the consensus estimate of $643.33 million.

GUIDANCE:

Advanced Drainage Systems sees 2022 revenue of $2.675-2.725 billion, versus the consensus of $2.61 billion.

• Based on current visibility, backlog of existing orders and business trends, the Company raised its net sales targets for fiscal 2022. Net sales are now expected to be in the range of $2.675 billion to $2.725 billion. Adjusted EBITDA is unchanged and 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

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