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Intertape Polymer Group Inc (ITP.TO)

ITP.TO on Toronto Stock Exchange

20.86CAD
24 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Intertape Polymer Group Inc Q3 EPS $‍0.32​
Monday, 13 Nov 2017 08:00am EST 

Nov 13 (Reuters) - Intertape Polymer :Intertape Polymer Group reports 2017 third quarter results.Q3 revenue $243.4 million versus I/B/E/S view $230.2 million.Intertape Polymer Group Inc - ‍fiscal year 2017 gross margin is now expected to be between 22% to 22.5%​.Intertape Polymer Group Inc - ‍fiscal year 2017 adjusted ebitda has been revised to be between $126 to $130 million​.Intertape Polymer Group Inc - ‍fiscal year 2017 manufacturing cost reductions are now expected to exceed previously stated range of $10 to $12 million​.Intertape Polymer Group Inc - ‍fiscal year 2017 capital expenditures are now expected to be between $85 million and $90 million​.Intertape Polymer Group Inc qtrly earnings per share $‍0.32​.Intertape Polymer Group Inc - ‍revenue in Q4 of 2017 is expected to be greater than in Q4 of 2016​.  Full Article

Intertape Polymer group qtrly EPS $0.32​
Monday, 13 Nov 2017 08:00am EST 

Nov 13 (Reuters) - Intertape Polymer ::Intertape Polymer Group reports 2017 third quarter results.Q3 revenue $243.4 million versus I/B/E/S view $230.2 million.Intertape Polymer Group Inc - qtrly ‍earnings per share attributable to company shareholders $0.32​.Intertape Polymer Group Inc - ‍fiscal year 2017 capital expenditures expected to be between $85 million and $90 million​.Intertape Polymer Group Inc - ‍fiscal year 2017 gross margin expected to be between 22 pct to 22.5 pct​.Intertape Polymer Group Inc - sees ‍fiscal year 2017 adjusted ebitda to be between $126 million to $130 million​.  Full Article

Intertape Polymer Group says it has entered into an automatic share purchase plan
Friday, 1 Sep 2017 09:00am EDT 

Sept 1 (Reuters) - Intertape Polymer Group Inc :Intertape Polymer Group Inc - IPG has entered into an automatic share purchase plan.Intertape Polymer Group Inc - securities dealer may acquire, shares on co's behalf during "black-out" or "closed" periods.  Full Article

Intertape Polymer Group reports Q2 earnings per share $0.17
Friday, 11 Aug 2017 08:00am EDT 

Aug 11 (Reuters) - Intertape Polymer Group Inc :Intertape Polymer Group reports 2017 second quarter results.Qtrly revenue increased 4.3 percent to $210.2 million.Qtrly earnings per share $0.17.Sees FY adjusted EBITDA in range of $120 million to $127 million.Sees FY 2017 gross margin of 22.5% to 23%.Intertape Polymer Group -Expects revenue, gross margin and adjusted EBITDA in Q3 2017 to be greater than in the third quarter of 2016.  Full Article

Intertape Polymer Group reports qtrly ‍shr $0.17​
Friday, 11 Aug 2017 08:00am EDT 

Aug 11 (Reuters) - Intertape Polymer Group Inc :Intertape polymer group reports 2017 second quarter results.Q2 revenue $210.2 million versus I/B/E/S view $215.3 million.Intertape Polymer Group Inc - ‍Company has revised its expectations for fiscal year 2017​.Qtrly ‍shr $0.17​.Intertape Polymer Group Inc sees FY 2017 adjusted EBITDA $120 million to $127 million.‍company expects revenue, gross margin and adjusted EBITDA in Q3 of 2017 to be greater than in Q3 of 2016​.Intertape Polymer Group Inc - Sees 2017 ‍gross margin 22.5% to 23%​.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.  Full Article

Intertape Polymer group announces renewal of normal course issuer bid
Thursday, 13 Jul 2017 08:00am EDT 

July 13 (Reuters) - Intertape Polymer Group Inc :Intertape Polymer Group announces renewal of normal course issuer bid.Under renewed NCIB, company will be entitled to repurchase for cancellation up to 4 million common shares.During twelve months ended June 30, 2017, company did not repurchase any shares pursuant to its NCIB.  Full Article

Intertape Polymer enters strategic partnership through Capstone
Thursday, 15 Jun 2017 08:00am EDT 

June 15 (Reuters) - Intertape Polymer Group Inc ::Intertape Polymer Group (IPG(R)) enters strategic partnership through Capstone(R).Agreement to acquire a majority stake in Capstone Polyweave Private Limited, a enterprise in India.Agreed to ultimately acquire a minimum of a 55% interest in capstone for a cash consideration of approximately $13 million.Majority of cash consideration of about $13 million is intended to be used by Capstone to partially finance construction of Greenfield manufacturing facility.Cash consideration of about $13 million will be financed with funds from IPG's revolving credit facility.Payments from co will be made in several tranches over a period of approximately six to twelve months.Construction of Greenfield facility is planned to begin in 2017 with commercial operations expected to commence in first half of 2019.Greenfield manufacturing facility is expected to cost approximately $30 million.  Full Article

Intertape Polymer Group enters agreement to acquire Cantech and increases borrowing capacity by $150 mln
Monday, 12 Jun 2017 08:00am EDT 

June 12 (Reuters) - Intertape Polymer Group Inc :Intertape Polymer Group (ipg(r)) enters agreement to acquire cantech(r) and increases borrowing capacity by $150 million.Intertape Polymer Group Inc - purchase price will be financed with funds available under ipg's revolving credit facility.Intertape Polymer Group Inc - announced a $150 million increase in borrowing limit of its existing $300 million revolving credit facility.Intertape Polymer Group Inc - purchase price of approximately $63 million.Intertape Polymer Group Inc - amended credit agreement will continue to include an incremental accordion feature of $150 million.Intertape Polymer Group - expects to use additional credit primarily to finance cantech acquisition.  Full Article

Intertape Polymer Group reports 2017 first quarter results
Tuesday, 9 May 2017 08:00am EDT 

May 9 (Reuters) - Intertape Polymer Group Inc : :Intertape Polymer Group reports 2017 first quarter results.Q1 revenue $207.1 million versus I/B/E/S view $206.9 million.Company expects gross margin for 2017 to be between 23pct and 24pct.Adjusted EBITDA for 2017 is expected to be between $127 and $137 million.Total capital expenditures for 2017 are expected to be between $75 and $85 million.Company expects revenue in Q2 of 2017 to be greater than in Q2 of 2016.Qtrly diluted eps attributable to company shareholders $0.22.  Full Article

INTERTAPE POLYMER GROUP Q1 EARNINGS PER SHARE $0.22
Tuesday, 9 May 2017 08:00am EDT 

May 9 (Reuters) - Intertape Polymer Group Inc :INTERTAPE POLYMER GROUP REPORTS 2017 FIRST QUARTER RESULTS.Q1 REVENUE $207.1 MILLION VERSUS I/B/E/S VIEW $206.9 MILLION.TOTAL CAPITAL EXPENDITURES FOR 2017 ARE EXPECTED TO BE BETWEEN $75 AND $85 MILLION.COMPANY EXPECTS GROSS MARGIN FOR 2017 TO BE BETWEEN 23% AND 24%.ADJUSTED EBITDA FOR 2017 IS EXPECTED TO BE BETWEEN $127 AND $137 MILLION.COMPANY EXPECTS REVENUE IN Q2 OF 2017 TO BE GREATER THAN IN Q2 OF 2016.EXPECTS GROSS MARGIN AND ADJUSTED EBITDA IN Q2 OF 2017 TO BE LOWER THAN IN Q2 OF 2016.QTRLY EARNINGS PER SHARE $0.22.MANUFACTURING COST REDUCTIONS FOR 2017 ARE EXPECTED TO BE BETWEEN $10 AND $12 MILLION.Q1 EARNINGS PER SHARE VIEW $0.24 -- THOMSON REUTERS I/B/E/S.  Full Article