Advanced Drainage Systems Inc. Earnings Drop 22% In Q2

(RTTNews) - Advanced Drainage Systems Inc. (WMS) announced a profit for second quarter that retreated compared to the same period last year.

The company said its bottom line totaled $20.46 million, or $0.28 per share. This was lower than $26.10 million, or $0.36 per share, in last year's second quarter.

The company said revenue for the quarter rose 11.2% to $401.05 million. This was up from $360.79 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q2): $20.46 Mln. vs. $26.10 Mln. last year. -Earnings Decline (Y-o-Y): -21.6% -EPS (Q2): $0.28 vs. $0.36 last year. -EPS Decline (Y-o-Y): -22.2% -Revenue (Q2): $401.05 Mln vs. $360.79 Mln last year. -Revenue Change (Y-o-Y): 11.2%

-Guidance: Full year revenue guidance: $1.275 - $1.325 Bln