Intertape Polymer Group Inc (ITP.TO) Key Developments | Reuters.com
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Intertape Polymer Group Inc (ITP.TO)

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Latest Key Developments (Source: Significant Developments)

Intertape Polymer qtrly earnings per share $0.16
Tuesday, 10 May 2016 08:00am EDT 

Intertape Polymer Group Inc : Says total capital expenditures for 2016 are expected to be between $55 and $65 million . Says adjusted ebitda for 2016 is expected to be $117 to $123 million, excluding impact of south carolina flood . Expects gross margin for 2016 to be between 22% and 24% and to reach upper end of this range by q4 . Says manufacturing cost reductions for 2016 are expected to be between $8 and $11 million . Adjusted ebitda for 2016 is expected to be $117 million to $123 million, excluding impact of south carolina flood . Total capital expenditures for 2016 are expected to be between $55 and $65 million . Qtrly earnings per share $0.16 . Q1 earnings per share view $0.23 -- Thomson Reuters I/B/E/S . Intertape polymer group reports 2016 first quarter results .Q1 revenue $190.8 million versus i/b/e/s view $193.1 million.  Full Article

Intertape Polymer Group acquires TaraTape for $11.0 million
Tuesday, 3 Nov 2015 08:00am EST 

Intertape Polymer Group:Says acquisition of RJM Manufacturing Inc ( d/b/a "TaraTape") effective November 2.Purchase price of $11.0 million was financed with funds from the Company's revolving credit facility.  Full Article

Intertape Polymer Group declares dividend
Thursday, 13 Aug 2015 05:31pm EDT 

Intertape Polymer Group:Declares quarterly dividend policy to increase the annualized dividend from $0.48 to $0.52 per share and concurrently declared a dividend of $0.13 per common share payable on Sep. 30, to shareholders of record at the close of business on Sep. 15.  Full Article

Intertape Polymer Group Inc gives Q3 2015 guidance
Thursday, 13 Aug 2015 08:01am EDT 

Intertape Polymer Group Inc:Anticipates revenue for Q3 2015 to be higher compared to revenue for Q2 2015 primarily due to seasonally higher sales volume.Says adjusted EBITDA for Q3 2015 is anticipated to be similar to Q2 2015.  Full Article

Intertape Polymer Group Inc declares quarterly dividend
Tuesday, 12 May 2015 08:00am EDT 

Intertape Polymer Group Inc:Declared a quarterly dividend of $0.12 per common share payable on June 30, to shareholders of record at the close of business on June 15.These dividends will be designated by the Company as "eligible dividends" as defined in Subsection 89(1) of the Income Tax Act (Canada).  Full Article

Intertape Polymer Group Inc declares quarterly dividend
Tuesday, 10 Mar 2015 08:00am EDT 

Intertape Polymer Group Inc:Declared a quarterly dividend of $0.12 per common share.Payable on March 31 to shareholders of record at the close of business on March 19.  Full Article

Intertape Polymer Group Inc gives Q1 2015 guidance
Tuesday, 10 Mar 2015 08:00am EDT 

Intertape Polymer Group Inc:Anticipates Q1 2015 revenue to be lower than Q1 2014 primarily due to the temporary impact on demand from the de -stocking of inventory by customers, and a decline in average selling price mainly in film products, both due to the recent decline in resin and crude oil prices.Anticipates Q1 2015 adjusted EBITDA to be lower than Q1 2014.Q1 2015 revenue of $199 million and EBITDA of $29 million - Thomson Reuters I/B/E/S.  Full Article

Intertape Polymer Group Inc lowers Q4 2014 EBITDA guidance; updates Q4 2014 revenue guidance
Monday, 26 Jan 2015 07:00am EST 

Intertape Polymer Group Inc:Revises Q4 2014 adjusted EBITDA to about $20.5 million from previously stated range of $24-$26 million.Decreased outlook for adjusted EBITDA primarily relates to temporary manufacturing issues, some delays in customer orders for stretch film in the wake of declining resin and crude oil prices, higher than expected employee medical costs.And South Carolina Duplicate Overhead Costs that were higher than expected.Says that revenue for Q4 2014 is expected to be about $201 million, which is in line with 3 pct. - 6 pct. revenue growth range provided in the company's prior outlook.  Full Article

Intertape Polymer Group Inc gives Q4 2014 guidance
Wednesday, 5 Nov 2014 08:02am EST 

Intertape Polymer Group Inc:Expects Q4 2014 revenue growth of up 3 pct - 6 pct over Q4 2013.Expects Q4 2014 adjusted EBITDA to be between $27 and $29 million.  Full Article

Intertape Polymer Group Inc declares quarterly dividend
Wednesday, 5 Nov 2014 08:00am EST 

Intertape Polymer Group Inc:Declares quarterly dividend of $0.12 per common share.Payable on Dec. 31.To shareholders of record at the close of business on Dec. 15.  Full Article