Advanced Drainage Systems rises after Q4 results

Advanced Drainage Systems

16/05/2024 15:05

** Shares of water management solutions provider Advanced
Drainage Systems  WMS.N  rise 2.3% to $180.74 
    ** Co reports Q4 sales of $653.80 mln vs analysts' avg. est.
of $610.80 mln - LSEG data
    ** Posts net income of $95.50 mln, above est. of $79.80 mln
    ** WMS sees FY net sales in range of $2.93 bln to $3.03 bln
vs analysts' average expectation of $3 bln
    ** Co approved annual cash dividend of 64 cents/shr to its
shareholders 
    ** YTD, WMS is up 25.3%

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))