India, Nov. 5 -- Advanced Drainage Systems, Inc. (WMS) on Thursday reported lower profit for the second quarter, as weaker organic sales and higher operating expenses hurt its bottom line. The company also lowered its fiscal 2027 net sales outlook, citing softer demand amid higher interest rates and geopolitical uncertainty.
Net income attributable to ADS fell to $110.4 million, or $1.46 per share, from $156.0 million, or $1.99 per share, in the year-ago quarter.
Net income from continuing operations declined to $133.6 million or $1.77 per share from $156.5 million or $1.99 per share last year.
Net sales increased 4.6% to $889.4 million from $850.4 million, including $77.3 million in revenue from the acquisition of National Diversified S...