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.

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