In the first quarter of fiscal year 2025, Advanced Drainage Systems Inc. (WMS) reported revenue of $690.5 million, marking a year-over-year increase despite headwinds in specific product segments, notably the agricultural market. The demand across non-residential, residential, and infrastructure markets showcased resilience, notably a 19% growth in the infrastructure segment supported by federal funding initiatives. However, the overall profitability reflected a contraction in year-over-year earnings, largely due to increasing costs, including transportation expenses and a challenging agricultural market. Management expressed confidence in growth prospects and reaffirmed full-year guidance, focusing on strategic capital investments to enhance capacity and operational efficiency.