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Intertape Polymer reports net loss of $14.3 million

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Intertape Polymer Group Inc., which has headquarters offices in Florida and Montreal, on Friday reported a net loss of $14.3 million, or 35 cents per share, for the quarter ended Sept. 30. That compares with net earnings of $6.2 million, or 18 cents per share, for the year-ago quarter.

The most recent quarter included a $19.9 million after-tax expense relating to the refinancing of the company's debt. Without that, earnings would have been 14 cents per share.

The company, which has facilities in Utah, reported sales of $177.7 million, up 11.2 percent from a year earlier.

The company develops and manufactures polyolefin plastic and paper-based packaging products and related packaging systems for industrial and retail use.

Its stock rose 11 cents Friday to close at $7.56. During the past year, the price has ranged from $6.30 to $13.34.