Intertape Polymer posts Q1 earnings

MONTREAL — Intertape Polymer Group reported that Q1 net earnings increased by $3.7 million to $14.2 million. Adjusted net earnings of $0.22 per share were just shy of the estimate of $0.24. Revenues rose by 0.4 percent to $278.9 million thanks in part to the acquisition of Nortech Packaging, partially offset by lower selling prices. That figure beat analyst expectations of $242.8 million.