Advanced Drainage Systems Reports Q2 Earnings Beat on EPS Amid Revenue Miss
Advanced Drainage Systems (WMS) reported second-quarter financial results featuring a Non-GAAP earnings per share of $1.88, surpassing consensus estimates by $0.09. However, the company's revenue reached $889.4 million, representing a 4.6% year-over-year increase but falling short of market expectations by approximately $40.98 million. Looking ahead, the company provided long-term guidance for fiscal year 2027, projecting net sales between $3.3 billion and $3.4 billion. Adjusted EBITDA is expected to fall within the range of $1.0 billion to $1.03 billion, with planned capital expenditures estimated at roughly $200 million.
Tickers: $WMS