AEP Industries (AEPI) Announces FY11 Financial Results
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Financial Fact:
(PROVISION) BENEFIT FOR INCOME TAXES: -3.24M
Today's EPS Names:
VIVO, PMCB, PLCE, More
Financial Fact:
(PROVISION) BENEFIT FOR INCOME TAXES: -3.24M
Today's EPS Names:
VIVO, PMCB, PLCE, More
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AEP Industries Inc. (Nasdaq: AEPI) today reported financial results for its fiscal year ended October 31, 2011.
Net sales for fiscal 2011 increased $174.2 million, or 21.8%, to $974.8 million from $800.6 million for fiscal 2010.
Gross profit for fiscal 2011 increased $18.6 million, or 16.9%, to $128.7 million from $110.1 million for fiscal 2010.
Operating expenses for fiscal 2011 were $103.5 million, an increase of $9.0 million, or 9.5%, compared to the prior fiscal year.
Net income for fiscal 2011 was $12.4 million as compared to a net loss for fiscal 2010 of $0.6 million. Fiscal 2011 included a gain on bargain purchase of the Webster business of $8.3 million.
Net income per diluted share for fiscal 2011 was $2.09 as compared to a net loss per diluted share for fiscal 2010 of $(0.08).
Adjusted EBITDA (defined below) was $59.3 million in fiscal 2011 as compared to $48.3 million in fiscal 2010.
Net sales for fiscal 2011 increased $174.2 million, or 21.8%, to $974.8 million from $800.6 million for fiscal 2010.
Gross profit for fiscal 2011 increased $18.6 million, or 16.9%, to $128.7 million from $110.1 million for fiscal 2010.
Operating expenses for fiscal 2011 were $103.5 million, an increase of $9.0 million, or 9.5%, compared to the prior fiscal year.
Net income for fiscal 2011 was $12.4 million as compared to a net loss for fiscal 2010 of $0.6 million. Fiscal 2011 included a gain on bargain purchase of the Webster business of $8.3 million.
Net income per diluted share for fiscal 2011 was $2.09 as compared to a net loss per diluted share for fiscal 2010 of $(0.08).
Adjusted EBITDA (defined below) was $59.3 million in fiscal 2011 as compared to $48.3 million in fiscal 2010.
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