Advanced Drainage reports Q1 adjusted EPS $1.95, consensus $1.76

Reports Q1 revenue $829.9M, consensus $796.25M. Scott Barbour, President and Chief Executive Officer of ADS commented, “We delivered strong results in the fiscal first quarter, with Adjusted EBITDA margin of 33.5%. Wet weather in May and June continued to delay project installations, and elevated interest rates remain a headwind. However, the ADS and Infiltrator teams executed well and remain focused on driving profitable growth and operational performance in a challenging macroeconomic environment.”