AEP Industries (AEPI) Reports Q1 EPS of $1.54
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AEP Industries Inc. Reports Fiscal 2016 First Quarter Results
March 10, 2016 8:00 AM ESTMONTVALE, N.J., March 10, 2016 /PRNewswire/ -- AEP Industries Inc. (Nasdaq: AEPI) (the "Company" or "AEP") today reported financial results for its first quarter ended January 31, 2016.
Net sales for the first quarter of fiscal 2016 decreased $21.9 million, or 8%, to $253.6 million as compared to the first quarter of fiscal 2015. The decrease was the result of an 11% decrease in average selling prices, primarily due to the pass through of lower resin costs, partially offset by a 4% increase in sales volume compared to the same period in the prior fiscal year. The first... More
