Advanced Drainage Systems (WMS) reported fiscal Q3 adjusted earnings Thursday of $1.09 per share, down from $1.37 a year earlier.

Analysts polled by FactSet expected $1.20.

Net sales for the quarter ended Dec. 31 were $690.5 million, compared with $662.4 million a year earlier.

Analysts polled by FactSet expected $675.4 million.

The company reiterated its 2025 net sales outlook of $2.9 billion to $2.98 billion. Analysts polled by FactSet expect $2.94 billion.

Advanced Drainage shares were 1% higher in premarket trading.