Intertape Polymer Group Has Strong Revenue

Intertape Polymer Group Inc. had revenue of $344.1 million for the fourth quarter of 2020, an increase of 18 per cent compared to revenue in the fourth quarter of 2019. The increase was primarily due to an increase in volume/mix driven by increased demand in products with significant eCommerce or building and construction end-market exposure. Gross margin increased to 25.7 per cent from 20.7 per cent while selling, general, and administrative expenses increased $20.9 million to $53.4 million from the year-ago period. Net earnings increased $5.5 million to $17.1 million year over year and adjusted net earnings increased $18.8 million to $32.4 million.