Advanced Drainage Systems Inc. Reveals 80% Gain In Q1 Profit

(RTTNews) - Advanced Drainage Systems Inc. (WMS) reported a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line rose to $26.94 million, or $0.37 per share. This was up from $14.95 million, or $0.20 per share, in last year's first quarter.

The company said revenue for the quarter rose 2.4% to $357.58 million. This was up from $349.12 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q1): $26.94 Mln. vs. $14.95 Mln. last year. -Earnings Growth (Y-o-Y): 80.2% -EPS (Q1): $0.37 vs. $0.20 last year. -EPS Growth (Y-o-Y): 85.0% -Revenue (Q1): $357.58 Mln vs. $349.12 Mln last year. -Revenue Change (Y-o-Y): 2.4%

-Guidance: Full year revenue guidance: $1.270 - $1.310 Bln