Intertape Polymer earnings fall in Q4

Intertape Polymer Group reported its Q4 and end-of-year results at the end of last week. The Montreal-based packaging maker said net income for the quarter declined $8 million to $9.1 million, while adjusted earnings came in at $0.43 per share. Revenues of $413.7 million were up 20 percent from a year earlier, due in part to higher selling prices.

For the fiscal year, the company posted a $67.8 million profit on sales of $1.53 billion. Earlier last week, California-based private equity firm Clearlake Capital Group announced it would take IPG private in a $2.6 billion cash deal.