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Advanced Drainage reports Q3 adjusted EPS $1.09, consensus $1.21

Advanced Drainage reports Q3 adjusted EPS $1.09, consensus $1.21

Reports Q3 revenue $690.5M, consensus $675.42M. Scott Barbour, President and Chief Executive Officer of ADS commented, “The fiscal third quarter financial results were in line with expectations. The ADS business progressed on plan while the Infiltrator business modestly outperformed driven by double digit growth in both tanks and advanced treatment products. The construction market demand, pricing environment, material cost and operating performance played out like we thought they would going into the quarter.”

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