AEP Industries (AEPI) Initiates Qtr. Dividend at 25c/Share; Yields 1.2%
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AEP Industries Inc. Reports Fiscal 2015 Results
January 14, 2016 8:01 AM ESTMONTVALE, N.J., Jan. 14, 2016 /PRNewswire/ -- AEP Industries Inc. (Nasdaq: AEPI) (the "Company" or "AEP") today reported financial results for its fiscal year ended October 31, 2015.
Net sales for fiscal 2015 decreased $51.6 million, or 4%, to $1,141.4 million from $1,193.0 million for fiscal 2014. The decrease was the result of a 3% decrease in average selling prices, primarily due to the pass through of lower resin costs, combined with a 1% decrease in sales volume compared to the prior fiscal year. Fiscal 2015 also included a $9.5 million negative impact of foreign exchange related to our Canadian operations. Â Â Â
Gross profit for... More
