Advanced Drainage Systems Inc. Profit Falls 3% In Q1

(RTTNews) - Advanced Drainage Systems Inc. (WMS) announced earnings for first quarter that decreased from last year.

The company said its earnings dropped to $20.36 million, or $0.27 per share. This was lower than $21.01 million, or $0.29 per share, in last year's first quarter.

The company said revenue for the quarter rose 0.2% to $358.36 million. This was up from $357.58 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q1): $20.36 Mln. vs. $21.01 Mln. last year. -Earnings Decline (Y-o-Y): -3.1% -EPS (Q1): $0.27 vs. $0.29 last year. -EPS Decline (Y-o-Y): -6.9% -Revenue (Q1): $358.36 Mln vs. $357.58 Mln last year. -Revenue Change (Y-o-Y): 0.2%

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