Intertape Polymer fares well in Q3

MONTREAL — Intertape Polymer Group reported Q3 earnings of $19.2 million, an increase of $13 million thanks in large part to lower costs and the non-recurrence of expenses associated with flooding in South Carolina last year. Revenue increased by 17.9% to $243.4 million, a result the company attributed to its acquisitions of Cantech and Powerband. Other factors included an increase in average selling price, including the impact of product mix, and an increase in sales volume from certain of the company’s tape products.