07:13 AM EDT, 05/16/2024 (MT Newswires) -- Advanced Drainage Systems ( WMS ) reported fiscal Q4 adjusted earnings Thursday of $1.23 per diluted share, up from $1.12 a year earlier.

Analysts polled by Capital IQ expected $1.03.

Net sales for the quarter ended March 31 was $653.8 million, compared with $617.6 million a year earlier.

Analysts surveyed by Capital IQ expected $611.9 million.

The company said it expects fiscal 2025 net sales of $2.93 billion to $3.03 billion. Analysts surveyed by Capital IQ expect $3 billion.

Advanced Drainage Systems ( WMS ) also said it increased its quarterly cash dividend to $0.16 per share, payable June 14 to shareholders of record as of May 31.