Strong demand drives Intertape Polymer profits

Intertape Polymer Group reported Q4 revenues of $344.1 million, up 18 percent thanks to higher demand for products like water-activated tape and protective packaging. Adjusted net earnings increased $18.8 million to $32.4 million primarily due to an increase in gross profit, partially offset by an increase in income tax expense. Revenues for fiscal 2020 rose by 4.7 percent to $1.2 billion, while earnings increased by $31.9 million to $89.7 million.