Advanced Drainage Systems Inc (WMS) reported robust financial results for the second quarter of fiscal 2026, surpassing analyst expectations. The company posted earnings per share (EPS) of $1.97, exceeding the consensus estimate of $1.68 by $0.29. Additionally, revenue reached $0.9 billion, outpacing the anticipated $0.8 billion.
This update provides insight into Advanced Drainage Systems' operational performance and financial health. The company, headquartered in Hilliard, Ohio, manufactures thermoplastic corrugated pipe and offers a range of water management products and drainage solutions for various markets, including commercial, residential, and agricultural sectors. With a market capitalization of $11.4 billion and a price-to-earnings (P/E) ratio of 26.34, the firm employs approximately 6,000 people.
The company will host an earnings conference call at BMO to discuss these results and provide further commentary on its business performance. Investors are encouraged to review the full earnings release and listen to management's insights for a comprehensive understanding of the quarter's performance and future outlook.
Looking ahead, Advanced Drainage Systems is set to report its next earnings on August 4, 2026, with EPS estimated at $2.0654 and revenue projected at $0.9 billion.