Business Description

Intertape Polymer Group Inc. and its subsidiaries operate in Canada, America, and internationally in international packaging. Intertape Polymer Group Inc. is a Canadian company established in Montreal in 1981. It produces, markets, and distributes various film-based pressure sensitive and polyethylene, waterproof tapes, specialized polyolefin, woven coated fabrics, and complementary packaging systems for retail and industrial use. The company offers taping solutions comprising hot melt carton sealing, double-coated oil, flat back, duct, filament and mop, electronic/electrical, natural rubber carton sealing, masking, polyethylene, water-activated, and acrylic carton sealing tapes, as well as reinforced filament and reinforced filament tapes.

Flexible intermediate bulk containers stretch and shrink film; tape dispensers and fabrics; membrane structure and geomembrane fabric; stencils and air pillows; house wraps/flashings; and retail and specialty products are all available. It offers market solutions for the industrial, building, aerospace, and construction industries. The company also engages in financing. It sells its products through various retail shops, specialty distributors, and end-users across various industries.

Key Financials

Revenue (US$ Mn):

• US$ 1,532 Mn was the annual revenue generated by Intertape Polymer Group Inc. in 2021
• Intertape Polymer Group Inc.’s annual revenue for 2020 was US$ 1,213 Mn, a 4.66% increase from 2019
• From 2018’s annual revenues, Intertape Polymer Group Inc. registered a 10.07% increase in 2019, amounting to US$ 1,159 Mn
• Total revenue of US$ 1,053 Mn was generated in 2018 by Intertape Polymer Group Inc.

Operating Income (US$ Mn):

• Intertape Polymer Group Inc.’s operating income for 2021 was US$ 247 Mn, a 106% increase from 2020
• The operating income generated by Intertape Polymer Group Inc. in 2020 was US$ 120 Mn
• At a 16.67% increase from , Intertape Polymer Group Inc.’s operating income of US$ 98 Mn was indexed in 2019
• Intertape Polymer Group Inc. generated an operating income of US$ 84 Mn in 2018

Net Income (US$ Mn):

• US$ 26 Mn was the net income generated by Intertape Polymer Group Inc. in 2021
• Intertape Polymer Group Inc.’s net income for 2020 was US$ 73 Mn, a 78.05% increase from 2019
• From 2018’s net incomes, Intertape Polymer Group Inc. registered a -12.77% decrease in 2019, amounting to US$ 41 Mn
• A net income of US$ 47 Mn was generated in 2018 by Intertape Polymer Group Inc.

Operating Margin %:

• Intertape Polymer Group Inc.’s operating margin for 2021 was 16%, a 62.63% increase from 2020
• The operating margin generated by Intertape Polymer Group Inc. in 2020 was 10%
• At a 6.25% increase from , Intertape Polymer Group Inc.’s operating margin of 9% was indexed in 2019
• Intertape Polymer Group Inc. generated an operating margin of 8% in 2018

Gross Margin %:

• 22% was the gross margin generated by Intertape Polymer Group Inc. in 2021
• Intertape Polymer Group Inc.’s gross margin for 2020 was 24%, an 11.74% increase from 2019
• From 2018’s gross margins, Intertape Polymer Group Inc. registered a 2.4% increase in 2019, amounting to 21%
• A gross margin of 21% was generated in 2018 by Intertape Polymer Group Inc.

SWOT Analysis

Strengths

Business Performance: Tape Segment

IPG is a market leader in pressure-sensitive carton sealing taps. It is a leading manufacturer of high-quality tape for both the consumer and industrial markets. IPG’s largest revenue stream is derived from the company’s Tape division. The Tape segment accounted for 67.5%, or 67.5%, of the company’s total revenue in FY2017. IPG offers a full range of pressure-sensitive carton sealing taps that use a variety of adhesive technologies. These include hot melt, natural rubber, and acrylic.

Natural Rubber Carton Sealing technology offers fast, positive bonding for problem applications, such as high recycled contents cartons, dusty environments, and heavy ink coverage. Hot melt Carton Sealing provides processing performance with adhesion characteristics, holding force, and easy unwinding to ensure consistency. Acrylic Carton Sealing technology can be used for reliable, all-temperature box sealing performance. It also provides superior quick stick performance, and high shear strength, and prevents flagging. The Tape segment saw a 12.6% increase in revenue over the previous year. It also recorded a 4.4% compound annual growth rate (CAGR) during 2013-2017.

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