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Recap: Advanced Drainage Systems Q2 Earnings

Benzinga logo Benzinga 11/3/2022 Benzinga Insights
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Advanced Drainage Systems (NYSE:WMS) reported its Q2 earnings results on Thursday, November 3, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Earnings

Advanced Drainage Systems missed estimated earnings by 5.26%, reporting an EPS of $1.8 versus an estimate of $1.9.

Revenue was up $177.74 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.74 which was followed by a 2.16% increase in the share price the next day.

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Here's a look at Advanced Drainage Systems's past performance:

 
Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 1.48 0.66 0.91 1.13
EPS Actual 2.22 0.95 0.86 0.88
Revenue Estimate 858.79M 619.43M 646.99M 710.26M
Revenue Actual 914.19M 678.19M 715.36M 706.47M

To track all earnings releases for Advanced Drainage Systems visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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