Brief: Advanced Drainage Systems Announces Third Quarter Fiscal 2024 Results

Advanced Drainage Systems

08/02/2024 11:46

Feb 8 (Reuters) - Advanced Drainage Systems Inc  WMS.N :
    * ADVANCED DRAINAGE SYSTEMS ANNOUNCES THIRD QUARTER FISCAL
2024
RESULTS
    * FY NET SALES ARE NOW EXPECTED TO BE IN RANGE OF $2.800
BILLION
TO $2.850 BILLION
    * OUTLOOK FOR NON-RESIDENTIAL END MARKET REMAINS UNCERTAIN
DUE TO
HIGH INTEREST RATES AND TIGHT CREDIT STANDARDS
    * FY ADJUSTED EBITDA IS EXPECTED TO BE IN RANGE OF $880 TO
$910
MILLION
    * OUTLOOK FOR FY CAPITAL EXPENDITURES IS APPROXIMATELY $200
MILLION
    * : QTRLY  NET INCOME PER DILUTED SHARE INCREASED $1.34
    * QTRLY ADJUSTED EARNINGS PER SHARE $1.37
    * Q3 EARNINGS PER SHARE VIEW $1.02 -- LSEG IBES DATA
    * FY2024 REVENUE VIEW $2.78 BILLION -- LSEG IBES DATA

Source text for Eikon:  ID:nBwb9Zg5Qa 
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