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Intertape Polymer Group Inc (ITP.TO)

ITP.TO on Toronto Stock Exchange

20.34CAD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Intertape Polymer Group Inc Q3 EPS $‍0.32​
Monday, 13 Nov 2017 

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 

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 reports Q2 earnings per share $0.17
Friday, 11 Aug 2017 

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 agrees to buy majority ownership of Powerband
Friday, 2 Sep 2016 

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 

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 

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 

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