AEP Industries Inc. Reports Q1 EPS of $0.17

AEP Industries Inc. AEPI today reported financial results for its first quarter ended January 31, 2011.

Net sales for the first quarter of fiscal 2011 increased $60.5 million, or 38.5%, to $217.7 million from $157.2 million for the first quarter of fiscal 2010.

Net income for the three months ended January 31, 2011 was $1.1 million, or $0.17 per diluted share, as compared to a net loss of $4.9 million, or $(0.72) per diluted share, for the three months ended January 31, 2010.