07:35 AM EDT, 08/08/2024 (MT Newswires) -- Advanced Drainage Systems ( WMS ) reported fiscal Q1 adjusted earnings Thursday of $2.06 per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $2.07.

Net sales for the quarter ended June 30 were $815.3 million, up from $778 million a year earlier.

Analysts polled by Capital IQ expected $831.8 million.

The company said it continues to expect fiscal 2025 sales of $2.93 billion to $3.03 billion. Analysts surveyed by Capital IQ expect $3.01 billion.

Shares were down 4.6% in recent Thursday premarket activity.

Price: 142.20, Change: -6.79, Percent Change: -4.56