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Advanced Drainage Systems Inc. Bottom Line Advances In Q3

Advanced Drainage Systems Inc. (WMS) revealed earnings for its third quarter that increased from last year.

The company said its bottom line climbed to $34.84 million, or $0.47 per share. This was up from $11.38 million, or $0.16 per share, in last year's third quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.9% to $320.83 million. This was up from $294.72 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q3): $34.84 Mln. vs. $11.38 Mln. last year.
-Earnings Growth (Y-o-Y): 206.2%
-EPS (Q3): $0.47 vs. $0.16 last year.
-EPS Growth (Y-o-Y): 193.8%
-Analysts Estimate: $0.20
-Revenue (Q3): $320.83 Mln vs. $294.72 Mln last year.
-Revenue Change (Y-o-Y): 8.9%

-Guidance:
Full year revenue guidance: $1.275 - $1.325 Bln

by RTT Staff Writer

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