Intertape Polymer reports steady Q2

MONTREAL ―Intertape Polymer’s quarterly declined 3.1% to $196.6 million compared to the same time last year. The numbers, a 4% gain from Q1, were in line with expectations, and include a 5% increase in sales volume due to higher demand. Gross margin increased to 21.6% from 19.6% with the largest factor being an increase in the spread between selling prices and lower raw material costs. Net earnings decreased less than $0.1 million to $11.7 million.