Revenue Increases 10% for Intertape Polymer Group in 2020 Third Quarter
IPG’s revenue reached $323 million in the 2020 third quarter, primarily due to increased demand in products with significant e-commerce end market exposure.
Intertape Polymer Group Inc. (IPG) recently released results for its third quarter ended September 30, 2020. Revenue increased 10% compared to the 2019 third quarter, to $323 million, primarily due to increased demand in products with significant e-commerce end market exposure, including water-activated tape and protective packaging.
“The pandemic has impacted businesses differently depending on the markets they serve,” said Greg Yull, president and CEO. “What is becoming clear to us, is the structural change underway in e-commerce. Increased demand in e-commerce and building & construction as well as a return to positive performance in most of our other end markets drove increased growth in both our top and bottom line results and our ability to generate cash flows. These results were underpinned by strong plant performance, effective management of the spread between selling prices and raw materials costs and proactive cost reductions in the face of the pandemic...”