Edition:
United States

Intertape Polymer Group Inc (ITP.TO)

ITP.TO on Toronto Stock Exchange

22.80CAD
--
Change (% chg)

-- (--)
Prev Close
$22.80
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
165,092
52-wk High
$25.74
52-wk Low
$18.09

Latest Key Developments (Source: Significant Developments)

Intertape Polymer Group reports Q4 revenue of $209.9 mln
Thursday, 9 Mar 2017 08:00am EST 

Intertape Polymer Group Inc : Intertape Polymer Group reports 2016 fourth quarter and annual results . Intertape Polymer Group Inc - Qtrly revenue increased 7.3% to $209.9 million . Intertape Polymer Group Inc- For 2017, we expect capital expenditures of $75 to $85 million . Intertape Polymer Group Inc- Expects gross margin for 2017 to be between 23% and 24% . Intertape Polymer Group Inc- Expects adjusted EBITDA for 2017 is expected to be between $127 and $137 million . Intertape Polymer Group Inc- Revenue, gross margin and adjusted EBITDA in Q1 of 2017 are expected to be greater than in Q1 of 2016 . Intertape Polymer Group Inc- Revenue, gross margin and adjusted EBITDA in Q1 of 2017 are expected to be greater than in Q1 of 2016 .Intertape Polymer Group Inc - Qtrly earnings per share attributable to company shareholders $0.36.  Full Article

Intertape Polymer Group issues amended adjusted EPS
Wednesday, 1 Mar 2017 07:30am EST 

Intertape Polymer Group Inc : Intertape Polymer Group issues amended adjusted net earnings and adjusted eps (non-gaap financial measures) and confirms 2016 fourth quarter and annual guidance attainment . Intertape Polymer Group Inc - amendments made as a result of a clerical error in calculation of income tax effect of adjustments made . Intertape Polymer Group Inc - confirming that its Q4 and annual results are in line with previously stated outlook .Intertape Polymer-revisions have no impact on audited consolidated financial statements and unaudited interim condensed consolidated financial statements.  Full Article

Intertape Polymer Group reports 2016 third quarter results
Friday, 11 Nov 2016 08:00am EST 

Intertape Polymer Group Inc : Intertape Polymer Group reports 2016 third quarter results . Expects gross margin for 2016 to be between 23% and 24%, excluding impact of South Carolina flood . Total capital expenditures for 2016 are expected to be between $55 and $65 million . Expects revenue, gross margin and adjusted ebitda to be greater in Q4 of 2016 than in Q4 of 2015 . Adjusted EBITDA for 2016 is expected to be $117 to $123 million, excluding impact of South Carolina flood . Qtrly earnings per share $0.10 . Q3 earnings per share view $0.26, revenue view $208.4 million -- Thomson Reuters I/B/E/S .Q3 revenue $206.6 million versus I/B/E/S view $208.4 million.  Full Article

Intertape Polymer Group agrees to buy majority ownership of Powerband
Friday, 2 Sep 2016 08:00am EDT 

Intertape Polymer Group Inc: Intertape Polymer Group enters agreement to acquire majority ownership of Powerband . Purchase price of approximately $42 million . Intertape Polymer Group says company expects that these acquired operations will be accretive to net earnings . Execution of an agreement to acquire a 74% ownership stake in Powerband Industries Private Limited . Rajan desai, managing director of Powerband, will continue to manage Powerband's operations, remain significant shareholder . Powerband will remain headquartered in Daman, India . Remaining 26% will continue to be held by Desai family which founded Powerbrand .Deal will be financed with funds available under company's revolving credit facility.  Full Article

Intertape Polymer qtrly EPS $0.22
Thursday, 11 Aug 2016 08:00am EDT 

Intertape Polymer Group Inc : Expects revenue, gross margin and adjusted ebitda excluding impact of South Carolina flood, in q3 of 2016 to be greater than in q3 of 2015. . Qtrly revenue increased 2.5% to $201.5 million . Qtrly earnings per share $0.22 . Company expects gross margin for 2016 to be between 23% and 24%. .Adjusted EBITDA for 2016 is expected to be $117 to $123 million, excluding impact of South Carolina flood..  Full Article

Intertape Polymer announces renewal of normal course issuer bid
Tuesday, 12 Jul 2016 08:00am EDT 

Intertape Polymer Group Inc : Announces renewal of normal course issuer bid .Intertape Polymer says to repurchase for cancellation up to 4 million common shares, representing 7.2% of company's "public float" as of June 30, 2016.  Full Article

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

More From Around the Web

BRIEF-Intertape Polymer Group reports Q4 revenue of $209.9 mln

* Intertape Polymer Group reports 2016 fourth quarter and annual results