Intertape Polymer beats estimates amid strong demand

Intertape Polymer Group reported that its revenues rose 24.2 percent in Q1 to $345.6 million, as demand rose for products such as protective packaging and water-activated tape. Net earnings increased by $4.7 million to $19.1 million ($0.32 per share), with gross profits outstripping higher expenses. Analysts expected earnings of about $0.24 per share on sales of some $243 million.