Advanced Drainage Systems falls 22% on macro headwind, lowers FY22 revenue outlook

Nov. 03, 2022 1:45 PM ETWMSBy: Deepa Sarvaiya, SA News Editor

Advanced Drainage Systems (WMS) -22% after missing on top and bottom line.

The EPS of $1.80 fell short of consensus by 11 cents, while revenue of $884M lagged consensus by $44M.

Segments: Domestic pipe sales increased $116.5 million, or 30.3%, to $501.0 million.

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