Advanced Drainage: Fiscal Q4 Earnings Snapshot

HILLIARD, Ohio (AP) — HILLIARD, Ohio (AP) — Advanced Drainage Systems Inc. (WMS) on Thursday reported earnings of $94.8 million in its fiscal fourth quarter.

The Hilliard, Ohio-based company said it had net income of $1.21 per share. Earnings, adjusted for non-recurring costs, came to $1.23 per share.

The maker of water drainage systems and pipes posted revenue of $653.8 million in the period.

For the year, the company reported profit of $509.9 million, or $6.45 per share. Revenue was reported as $2.87 billion.

Advanced Drainage expects full-year revenue in the range of $2.93 billion to $3.03 billion.

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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