Item 2.02. Results of Operations and Financial Condition.

On January 14, 2013, AEP Industries Inc. (the "Company") will file a Form 12b-25 with the Securities and Exchange Commission regarding its Annual Report on Form 10-K for the year ended October 31, 2012. In such filing, the Company will disclose the following information regarding fiscal 2012:

The Company anticipates significant changes in its results of operations for fiscal 2012 compared to fiscal 2011, as follows:

Net sales for fiscal 2012 are expected to increase approximately $177 million, or 18%, to approximately $1,152 million from approximately $975 million for fiscal 2011. Excluding the impact of the Company's October 14, 2011 acquisition of Webster Industries ("Webster"), the increase was the result of an increase in sales volume of 5% for fiscal 2012, combined with an increase in average selling prices. The acquisition of Webster added approximately an additional $114 million in net sales during fiscal 2012.

Gross profit and net income are expected to increase for fiscal 2012 primarily due to the acquisition of Webster, increased sales volumes and improved material margins.

The foregoing disclosure contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding the Company's anticipated results of operations. There can be no assurance that these forward-looking statements will be achieved, and actual results could differ materially from those suggested by such forward-looking statements.

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