Advanced Drainage Systems gains on upbeat Q4 results

Advanced Drainage Systems

18/05/2023 14:52

** Pipe manufacturer Advanced Drainage Systems Inc  WMS.N 
up 8.5% at $96.2
    ** Company reports Q4 profit of $1.06/share vs analysts'
estimates of $0.77/share - Refinitiv IBES data
    ** Co's revenue for the quarter was $617.6 mln vs estimates
of $562.8 mln
    ** Expects 2024 net sales in the range of $2.60 bln - $2.80
bln
    ** Sees 2024 capital expenditures in the range of $200 mln -
$225 mln
    ** Stock has risen 10.13% YTD

 (Reporting by Sri Hari N S in Bengaluru)
 ((SriHari.NS@thomsonreuters.com))