Advanced Drainage Systems (WMS) reported fiscal Q4 adjusted earnings Thursday of $1.03 per share, down from $1.23 a year earlier.

Analysts surveyed by FactSet expected $1.06.

Revenue for the quarter ended March 31 was $615.8 million, down from $653.8 million a year earlier.

Analysts surveyed by FactSet expected $658.9 million.

The company expects fiscal 2026 net sales in the range of $2.83 billion to $2.98 billion. Analysts surveyed by FactSet expect $3.08 billion.

Shares of the company were down 6% in recent Thursday premarket activity.