NYSE:WMSBuilding
Advanced Drainage Systems (WMS) Stock Falls Despite Record Margins And Cash Flow
Advanced Drainage Systems dropped about 3% today, which looks odd when you line it up against what just happened in the business. The stock came into this earnings print after a flat month and a modest gain over the past quarter. Yet the company just booked roughly US$1.0b in quarterly revenue and one of its highest ever adjusted earnings before interest, tax, depreciation and amortization margins at 35.8%.
The short term mood is cautious. The longer term story is that Advanced Drainage...