Advanced Drainage Systems Inc. Earnings Rise 66% In Q2

(RTTNews) - Advanced Drainage Systems Inc. (WMS) revealed a profit for its second quarter that rose from last year.

The company said its bottom line rose to $25.68 million, or $0.35 per share. This was higher than $15.47 million, or $0.21 per share, in last year's second quarter.

The company said revenue for the quarter fell 5.9% to $360.79 million. This was down from $383.33 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q2): $25.68 Mln. vs. $15.47 Mln. last year. -Earnings Growth (Y-o-Y): 66.0% -EPS (Q2): $0.35 vs. $0.21 last year. -EPS Growth (Y-o-Y): 66.7% -Revenue (Q2): $360.79 Mln vs. $383.33 Mln last year. -Revenue Change (Y-o-Y): -5.9%

-Guidance: Full year revenue guidance: $1.225 - $1.250 Bln