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Last $48.35 USD
Change Today -0.13 / -0.27%
Volume 127.6K
AEPI On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

aep industries inc (AEPI) Key Developments

AEP Industries Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Capex Guidance for the Full Year 2016; Revises Capex Guidance for the Fiscal 2015

AEP Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported net sales of $285,722,000 against $294,942,000 a year ago. Operating income was $20,843,000 against $1,927,000 a year ago. Income before benefit for income taxes was $16,181,000 against loss before benefit for income taxes of $3,022,000 a year ago. Net income was $11,128,000 against net loss of $2,724,000 a year ago. Diluted earnings per share were $2.18 against diluted loss per share of $0.49 per share a year ago. Adjusted EBITDA was $23,051,000 against $14,825,000 a year ago. The decrease in net sales of a 2% decrease in average selling prices primarily due to the pass through of lower resin costs compared to the same period in the prior fiscal year. For the six months, the company reported net sales of $561,161,000 against $567,459,000 a year ago. Operating income was $26,416,000 against $259,000 a year ago. Income before benefit for income taxes was $16,838,000 against loss before benefit for income taxes of $9,386,000 a year ago. Net income was $11,604,000 against net loss of $6,451,000 a year ago. Diluted earnings per share were $2.27 against diluted loss per share of $1.16 per share a year ago. Adjusted EBITDA was $29,602,000 against $22,357,000 a year ago. The decrease in net sales were the result of a 1% decrease in sales volume partially offset by a 0.8% increase in average selling prices compared to the same period in the prior fiscal year. For fiscal 2015, the company reduced the CapEx budget from $23 million to $20 million. For 2016, the company expects CapEx budget to be low again. Volume in the quarter was 236 million pounds, about the same as last year. Year-to-date volume was 450 million pounds, down 5.6 million pounds from the 456 million pounds sold in the first half of the prior year. As noted in first quarter reporting, the decline in volumes in the period was the result of destocking activities on the part of distribution-based customers who anticipated resin cost decreases.

AEP Industries Inc., Q2 2015 Earnings Call, Jun 10, 2015

AEP Industries Inc., Q2 2015 Earnings Call, Jun 10, 2015

AEP Industries Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015; Provides Capital Expenditure Guidance for 2015

AEP Industries Inc. reported unaudited consolidated earnings results for the first quarter ended January 31, 2015. For the quarter, the company reported net sales of $275,439,000 compared to $272,517,000 a year ago. The increase was the result of a 4% increase in average selling prices partially offset by a 2.5% decrease in sales volume compared to the same period in the prior fiscal year. Operating income was $5,573,000 compared to operating loss of $1,668,000 a year ago. Income before income taxes was $657,000 compared to loss before income taxes of $6,364,000 a year ago. Net income was $476,000 or $0.09 per basic and diluted share compared to net loss of $3,727,000 or $0.67 per basic and diluted share a year ago. Adjusted EBITDA was $6,551,000 compared to $7,532,000 a year ago. CapEx for the quarter was about $3 million. The company announced that the CapEx budget for 2015 is $23 million.

AEP Industries Inc., Q1 2015 Earnings Call, Mar 13, 2015

AEP Industries Inc., Q1 2015 Earnings Call, Mar 13, 2015

AEP Industries Inc., Annual General Meeting, Apr 14, 2015

AEP Industries Inc., Annual General Meeting, Apr 14, 2015., at 10:00 US Eastern Standard Time. Location: Courtyard by Marriott. Agenda: To elect three Class B directors named in the accompanying proxy statement, each to serve for a three-year term or until his successor has been duly elected and qualified; to ratify the appointment of KPMG LLP as independent registered public accounting firm for fiscal 2015; to approve (on an advisory basis) the compensation of its named executive officers; and to transact any other business that may properly come before the meeting or any postponement or adjournment of the meeting.

 

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AEPI

Industry Average

Valuation AEPI Industry Range
Price/Earnings 19.7x
Price/Sales 0.2x
Price/Book 3.4x
Price/Cash Flow 19.7x
TEV/Sales 0.0x
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