MONTREAL — Intertape Polymer said its Q2 revenues increased by 18.7% to $295.6 million, largely due to its Polyair, Maiweave and Airtrax acquisitions. Net earnings decreased by $8.5 million to $6.6 million. The decline was attributed to higher expenses, factory closures, restructuring and other related charges, interest and income tax expenses mainly driven. An increase in gross profit mitigated against those factors. Adjusted net earnings decreased $1.2 million to $14.6 million as a result of higher finance costs.
Intertape Polymer profits sag in Q2
Most Recent
Most Read
TIMBER MART hosts buying show in Toronto
Fri, February 14th, 2025
JRTech adds “Well Made Here” designation to its electronic shelf tags
Fri, February 14th, 2025
Join Hardlines at DX3 Canada in Toronto
Fri, February 14th, 2025
Canadian Tire reports Q4 earnings jump
Thu, February 13th, 2025
TIMBER MART show kicks off today
Thu, February 13th, 2025
West Fraser shrinks its losses in 2024
Thu, February 13th, 2025
Ace Hardware enjoys record quarterly results
Thu, February 13th, 2025
Castle unveils estimating and design program
Thu, February 13th, 2025
Throwback Thursday: 25 years ago, RONA purchased Cashway
Thu, February 13th, 2025
Fake websites take advantage of Peavey closures
Wed, February 12th, 2025