AEP Industries
The 10-second takeaway
For the quarter ended April 30 (Q2), AEP Industries beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew.
Margins increased across the board.
Revenue details
AEP Industries logged revenue of $296.7 million. The one analyst polled by S&P Capital IQ looked for revenue of $272.2 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $248.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.87. The one earnings estimate compiled by S&P Capital IQ averaged $0.39 per share. GAAP EPS were $0.87 for Q2 compared to -$0.11 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 14.5%, 250 basis points better than the prior-year quarter. Operating margin was 4.3%, 260 basis points better than the prior-year quarter. Net margin was 1.6%, 190 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $283.3 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $1.12.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 74 members out of 91 rating the stock outperform, and 17 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give AEP Industries a green thumbs-up, and five give it a red thumbs-down.
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