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Advanced Drainage: Fiscal 1Q Earnings Snapshot

HILLIARD, Ohio (AP) _ Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal first-quarter profit of $29.6 million.

On a per-share basis, the Hilliard, Ohio-based company said it had profit of 51 cents. Earnings, adjusted for stock option expense, came to 58 cents per share.

The maker of water drainage systems and pipes posted revenue of $387.8 million in the period.

Advanced Drainage expects full-year revenue in the range of $1.38 billion to $1.43 billion.

Advanced Drainage shares have climbed 19 percent since the beginning of the year. The stock has risen 26 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMS at https://www.zacks.com/ap/WMS