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Advanced Drainage: Fiscal 4Q Earnings Snapshot

HILLIARD, Ohio (AP) _ Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal fourth-quarter net income of $1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Hilliard, Ohio-based company said it had net income of 1 cent.

The maker of water drainage systems and pipes posted revenue of $272.2 million in the period.

For the year, the company reported profit of $77.8 million, or $1.22 per share. Revenue was reported as $1.38 billion.

Advanced Drainage expects full-year revenue in the range of $1.43 billion to $1.48 billion.

Advanced Drainage shares have increased 13% since the beginning of the year. The stock has risen slightly more than 6% 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