Intertape Polymer earnings fall on higher sales

Intertape Polymer Group said last week its Q3 sales rose 23 percent to $395.6 million. Net earnings fell by five percent to $25.3 million. Net income was $58.7 million, up from $55.6 million a year ago. “The revenue growth would have been approximately $12 million to $14 million higher in the quarter if not for the supply chain and labour constraints we are experiencing in the market,” CEO Greg Yull said on an analyst call.