January 12, 2017 / 11:43 AM / 10 months ago

BRIEF-Advanced Drainage Systems posts Q2 adj. earnings $0.35/shr

Jan 12 (Reuters) - Advanced Drainage Systems Inc

* Advanced Drainage Systems announces second fiscal quarter 2017 results

* Q2 sales $361 million versus I/B/E/S view $359.7 million

* Sees FY 2017 sales $1.225 billion to $1.25 billion

* Q2 adjusted non-GAAP earnings per share $0.35

* Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S

* Sees adjusted EBITDA between $190 and $210 million for fiscal year 2017

* Anticipate that market headwinds will persist for remainder of fiscal year 2017

* Qtrly earnings per share $0.38 Source text for Eikon: Further company coverage:

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