While reporting financial results for the fourth quarter on Thursday, water management solutions firm Advanced Drainage Systems Inc. (WMS) initiated its net sales guidance for the full-year 2026, based on current visibility, backlog of existing orders and business trends.
For fiscal 2025, the company now projects net sales in a range of $2.825 billion to $2.975 billion..On average, seven analysts polled expect the company to report revenues of $2.95 billion for the year.
Separately, the company's Board of Directors has approved a 13 percent higher quarterly cash dividend to its shareholders in the amount of $0.18 per share, payable on June 16, 2025, to shareholders of record at the close of business on May 30, 2025.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.