🔴 Advanced Drainage Systems is trading 12.17% down after cutting fiscal 2027 revenue guidance

Advanced Drainage Systems is trading at $126.34, down 12.17%, after fiscal Q2 revenue missed expectations.

• Fiscal Q2 revenue was $889.4 million, below expectations; adjusted EPS of $1.88 also missed the cited $1.89 estimate.
• Management cut fiscal 2027 revenue guidance to $3.30–$3.40 billion from $3.35–$3.55 billion, citing softer demand, higher interest rates, geopolitical uncertainty, and lower pricing needs.
• Revenue pulled forward into Q1 also contributed to the Q2 shortfall.