Last C$12.34 CAD
Change Today +0.04 / 0.33%
Volume 430.9K
ITP On Other Exchanges
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As of 1:24 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

intertape polymer group inc (ITP) Snapshot

Open
C$12.36
Previous Close
C$12.30
Day High
C$12.51
Day Low
C$12.28
52 Week High
09/16/13 - C$15.65
52 Week Low
04/23/13 - C$10.74
Market Cap
750.0M
Average Volume 10 Days
245.5K
EPS TTM
C$1.43
Shares Outstanding
60.8M
EX-Date
03/17/14
P/E TM
7.8x
Dividend
C$0.23
Dividend Yield
2.03%
Current Stock Chart for INTERTAPE POLYMER GROUP INC (ITP)

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intertape polymer group inc (ITP) Details

Intertape Polymer Group Inc. operates in the packaging industry in North America and internationally. The company manufactures and sells 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 under the Intertape, Central, Crowell, American, Anchor, ExlfilmPlus, and Exlfilm brands to industrial distributors and retailers, as well as to third parties under private brands. It also manufactures various polyethylene and specialized polyolefin films, as well as complementary packaging systems, including shrink film, stretch wrap, and air pillows under the SuperFlex, StretchFlex, ExlfilmPlus, Exlfilm, Interpack, and iCushion brands. The company offers its film products primarily to the manufacturers of packaged goods, and printing and paper products for industrial and retail applications through an existing industrial distribution base. In addition, the company provides woven coated fabrics, such as building and construction products comprising lumberwrap, membrane structure fabrics, and roof underlayment; agro-environmental products comprising geomembrane fabrics, hay wrap, and poultry fabrics; specialty fabrics; industrial packaging products; and flexible intermediate bulk containers to end-users in various industries, including lumber, construction, food, paper, and agriculture industries. Further, it offers closing systems, including automatic and semi-automatic carton sealing equipment. Intertape Polymer Group Inc. was founded in 1981 and is headquartered in Ville St. Laurent, Canada.

Founded in 1981

intertape polymer group inc (ITP) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.3M
Senior Vice President of Operations
Total Annual Compensation: $658.8K
Senior Vice President of Logistics & Supply C...
Total Annual Compensation: $586.0K
Senior Vice President of Global Sourcing
Total Annual Compensation: $310.3K
Senior Vice President of Sales
Total Annual Compensation: $627.1K
Compensation as of Fiscal Year 2013.

intertape polymer group inc (ITP) Key Developments

Intertape Polymer Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014

Intertape Polymer Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported revenue of $191.490 million against $189.291 million a year ago. Adjusted EBITDA was $24.0 million, a 12.3% increase from $21.4 million for the fourth quarter of 2012. Net earnings were $53.6 million or $0.86 per diluted share compared to $5.7 million or $0.09 per diluted share for the fourth quarter of 2012. Adjusted net earnings were $52.5 million or $0.84 per diluted share compared to $10.0 million or $0.16 per diluted share for the fourth quarter of 2012. EBITDA was $22.2 million against $17.3 million a year ago. EBITDA was $65.5 million against $57.6 million a year ago. Cash flows from operating activities were $22.9 million against $31.8 million a year ago. Purchases of property, plant and equipment and other assets was $12.3 million against $9.2 million a year ago. Operating profit was $15.324 million against $9.694 million a year ago. Earnings before income tax expense were $14.318 million against $6.192 million a year ago. For the year, the company reported revenue of $781.5 million, a decrease of 0.4% compared to $784.4 million for 2012. Adjusted EBITDA was $103.1 million, a 20.4% increase from $85.6 million in 2012. Net earnings were $67.4 million or $1.09 per diluted share, a 231% increase from $20.4 million or $0.34 per diluted share in 2012. These changes in adjusted EBITDA were primarily due to the changes in gross profit. Adjusted net earnings were $103.3 million or $1.68 per diluted share, a 161% increase from $39.6 million or $0.65 per diluted share in 2012. Cash flows from operating activities were $84.5 million against $48.8 million a year ago. Purchases of property, plant and equipment and other assets was $21.6 million against $14.0 million a year ago. Operating profit was $38.206 million against $35.130 million a year ago. Earnings before income tax expense were $31.553 million against $20.594 million a year ago. For the full year 2014, the company anticipates moderate revenue growth similar to the forecasted North American economic growth, while continuing to improve product mix. Capital expenditures are expected to be $31 to $35 million in the first quarter and full year 2014. The company announced that revenue for the first quarter of 2014 is expected to be greater than the fourth quarter of 2013, which is reflective of normal seasonality. Revenue is expected to be approximately the same or slightly higher than the first quarter of 2013; gross margin for 2014, as well as for the first quarter of 2014 is expected to be in the range of 20% to 22%; after the South Carolina Project has been completed and start-up inefficiencies have been resolved, the company expects overall gross margin to be between 22% and 24%; Adjusted EBITDA for the first quarter of 2014 is expected to be slightly higher compared to both the fourth quarter of 2013 and the first quarter of 2013; cash flows from operations in the first quarter of 2014 are expected to be lower than the fourth quarter of 2013 primarily due to seasonal first quarter working capital requirements and is also expected to be lower than the first quarter of 2013; capital expenditures are expected to be $10 to $14 million in the first quarter 2014; the effective income tax rate is expected to be approximately 40%.

Intertape Polymer Group Inc., Q4 2013 Earnings Call, Mar 12, 2014

Intertape Polymer Group Inc., Q4 2013 Earnings Call, Mar 12, 2014

Intertape Polymer Group Inc. to Report Q4, 2013 Results on Mar 12, 2014

Intertape Polymer Group Inc. announced that they will report Q4, 2013 results at 9:00 AM, Eastern Standard Time on Mar 12, 2014

 

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ITP

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Valuation ITP Industry Range
Price/Earnings 10.2x
Price/Sales 0.9x
Price/Book 2.9x
Price/Cash Flow 10.1x
TEV/Sales 0.7x
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