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Last $15.38 USD
Change Today +0.17 / 1.12%
Volume 550.0
ITPOF On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 8:10 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

intertape polymer group inc (ITPOF) Snapshot

Open
$15.38
Previous Close
$15.21
Day High
$15.38
Day Low
$15.38
52 Week High
12/2/14 - $17.36
52 Week Low
07/3/14 - $11.42
Market Cap
916.4M
Average Volume 10 Days
524.7
EPS TTM
--
Shares Outstanding
59.6M
EX-Date
06/11/15
P/E TM
--
Dividend
$0.48
Dividend Yield
3.13%
Current Stock Chart for INTERTAPE POLYMER GROUP INC (ITPOF)

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intertape polymer group inc (ITPOF) Details

Intertape Polymer Group Inc. develops, manufactures, and sells packaging products in Canada, the United States, and internationally. It offers paper and film based tapes, including carton sealing tapes, such as hot melt, acrylic, natural rubber, and water-activated tapes; and industrial and specialty tapes comprising paper, flatback, duct, double-coated, foil, electrical and electronic, and filament tapes, as well as stencil products. The company sells its tape products to industrial distributors and retailers under the Intertape, Central, American, Anchor, and Crowell brands, as well as to third parties under private brands. It also provides polyethylene and specialized polyolefin films, such as shrink films, stretch wraps, and air pillows under the SuperFlex, StretchFlex, ExlfilmPlus, Exlfilm, and iCushion brands to industrial distributors and retailers, as well as to third parties under private brands; and packaging systems under the Interpack brand name for use in production lines at the packaging level, and fulfillment industries. In addition, the company offers woven coated fabrics, such as building and construction products comprising lumber wraps, membrane structure fabrics, and roof underlayment; agro-environmental products comprising geomembrane fabrics, hay wraps, and poultry fabrics; specialty fabrics; industrial packaging products; and flexible intermediate bulk containers to end-users in various industries, including lumber, construction, and agriculture industries. Further, it provides carton closing systems, including automatic and semi-automatic carton sealing equipment. The company markets its products through a network of paper, packaging, and industrial distributors. Intertape Polymer Group Inc. was founded in 1981 and is headquartered in Montreal, Canada.

intertape polymer group inc (ITPOF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $525.0K
Chief Financial Officer
Total Annual Compensation: $222.3K
Senior Vice President of Operations
Total Annual Compensation: $339.9K
Senior Vice President of Logistics & Supply C...
Total Annual Compensation: $302.4K
Corporate Controller
Total Annual Compensation: $200.4K
Compensation as of Fiscal Year 2014.

intertape polymer group inc (ITPOF) Key Developments

Intertape Polymer Group Inc. Announces Board Changes

Intertape Polymer Group Inc. at its AGM held on June 4, 2015, announced that Mr. George J. Bunze, who has served on the company's Board of Directors since 2007, was appointed as the new Chairman of the Board. The company also extends its sincere appreciation to former Chairman Eric Baker, who did not seek re-election at the Meeting.

Intertape Polymer Group Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for the Second Quarter of 2015

Intertape Polymer Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net earnings of $11.8 million compared to $11.6 million a year ago. EBITDA was $22.9 million compared to $26.3 million a year ago. Adjusted EBITDA was $23.5 million compared to $26.7 million a year ago. Adjusted net earnings were $12.6 million compared to $11.8 million a year ago. Basic and diluted EPS was $0.19 compared to $0.19 a year ago. Diluted adjusted EPS was $0.20 compared to $0.19 a year ago. Cash flows from operating activities were $0.9 million compared to $4.9 million a year ago. Purchases of property, plant and equipment were $9 million compared to $14.4 million a year ago. Negative free cash flows were $8.1 million compared to $9.5 million a year ago. Revenue for the first quarter of 2015 totalled $189.0 million, a 5.5% decrease from $199.9 million for the first quarter in 2014. The decrease in revenue was primarily due to a 4% decrease in average selling price, including the impact of product mix, due to an unfavourable product mix in the company's tape and film product categories and lower prices driven by lower petroleum-based raw material costs, as well as a 2% decrease in sales volume due to decreased demand in film products. The increase in net earnings and adjusted net earnings was primarily due to a decrease in income tax expense, variable compensation expense and finance costs, partially offset by a decrease in gross profit. The decrease in adjusted EBITDA compared to the first quarter of 2014 was primarily due to lower gross profit, partially offset by a decrease in variable compensation expense. The increase in adjusted EBITDA compared to the fourth quarter of 2014 was primarily due to a decrease in variable compensation expense. Cash flows from operating activities decreased in the first quarter of 2015 by $4.0 million to $0.9 million from $4.9 million for the same period in 2014, primarily due to lower earnings before income tax expense and a larger increase in working capital in the first quarter of 2015. Free cash flows increased in the first quarter of 2015 by $1.4 million to an outflow of $8.1 million from an outflow of $9.5 million for the same period in 2014, primarily due to lower capital expenditures, partially offset by lower cash flows from operating activities. Net debt as of March 31, 2015 was $135.5 million, an increase of $20.6 million from December 31, 2014. Operating profit was $16,162,000 compared to $20,260,000 a year ago. Earnings before income tax expense were $16,187,000 compared to $19,077,000 a year ago. The company anticipates the second quarter of 2015 revenue to be higher compared to the first quarter of 2015 primarily due to the company's belief that the majority of the de- stocking by customers during the first quarter of 2015 is completed. Gross margin in the second quarter of 2015 is anticipated to be significantly higher than the first quarter of 2015 due to lower raw material costs and a reduction in South Carolina Duplicate Overhead Costs. Adjusted EBITDA in the second quarter of 2015 is also anticipated to be significantly higher than the first quarter of 2015 due to the factors. The company expects its effective tax rate for the second quarter and full financial year of 2015 to be approximately 25% to 30% which is consistent with the Company's effective tax rate for the first quarter of 2015 but lower than the previously announced range of 30% to 35%.

Intertape Polymer Group Inc. Declares Quarterly Dividend Payable on June 30, 2015

On May 11, 2015, the Board of Directors of Intertape Polymer Group Inc. declared a quarterly dividend of $0.12 per common share payable on June 30, 2015 to shareholders of record at the close of business June 15, 2015.

 

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Industry Analysis

ITPOF

Industry Average

Valuation ITPOF Industry Range
Price/Earnings 25.9x
Price/Sales 1.1x
Price/Book 4.2x
Price/Cash Flow 24.8x
TEV/Sales 0.9x
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