Advanced Drainage Systems (WMS) Misses Q4 EPS by 11c, Revenue Beats, Offers Guidance

Advanced Drainage Systems (NYSE: WMS) reported Q4 EPS of $0.54, $0.11 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $678.2 million versus the consensus estimate of $619.43 million.

GUIDANCE:

Advanced Drainage Systems sees 2023 revenue of $3.1-3.2 billion, versus the consensus of $3.04 billion.

• Based on current visibility, backlog of existing orders and business trends, the Company issued the following targets for fiscal 2023. Net sales are expected to be in the range of $3.100 billion to $3.200 billion. Adjusted EBITDA is expected to be in the range of $800 to $820 million. Capital expenditures are expected to be in the range of $150 million to $180 million.

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

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