{"id":388397,"date":"2020-11-25T07:33:23","date_gmt":"2020-11-25T12:33:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388397"},"modified":"2020-11-25T07:33:23","modified_gmt":"2020-11-25T12:33:23","slug":"imaflex-reports-strong-q3-2020-results-and-provides-business-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/","title":{"rendered":"Imaflex Reports Strong Q3 2020 Results and Provides Business Update"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">Canada NewsWire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <b><br \/>\n          <i>Business momentum continues; drives solid top and bottom line growth\u00a0 <\/i><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <i>\u00a0<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Third Quarter (Q3) 2020 Highlights<\/i><br \/>\n        <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <i>Revenue growth accelerated, increasing 19.3% over Q3 2019 to <span class=\"xn-money\">$22.9 million<\/span><\/i>\n        <\/li>\n<li>\n          <i>Gross margin reached 19.1%, versus 13.1% in the prior year<\/i>\n        <\/li>\n<li>\n          <i>EBITDA<\/i><br \/>\n          <sup>1<\/sup><br \/>\n          <i>\u00a0came in at <span class=\"xn-money\">$3.0 million<\/span>, up 70.2% over 2019; up 123.1% on a constant currency basis<\/i>\n        <\/li>\n<li>\n          <i>N<\/i><br \/>\n          <i>et income was <span class=\"xn-money\">$1.2 million<\/span>, up 163% from <span class=\"xn-money\">$0.5 million<\/span> in 2019<\/i>\n        <\/li>\n<li>\n          <i>Cash flow generation remained strong; ended the quarter with <span class=\"xn-money\">$2.3 million<\/span> of cash and no debt on short term credit facility <\/i>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"xn-location\">MONTREAL<\/span>, <span class=\"xn-chron\">Nov. 25, 2020<\/span> \/CNW Telbec\/ &#8211; Imaflex Inc. (&#8220;Imaflex&#8221; or the &#8220;Corporation&#8221;) (TSXV: IFX), announces its consolidated financial results for the third quarter (Q3) ended <span class=\"xn-chron\">September 30, 2020<\/span> and provides a business update. \u00a0All amounts are in Canadian dollars. \u00a0<\/p>\n<p>&#8220;We had another solid quarter, with strong operational performance and heightened year-over-year gains in revenues and profitability,&#8221; said Mr. <span class=\"xn-person\">Joe Abbandonato<\/span>, President and Chief Executive Officer of Imaflex.\u00a0 &#8220;Our tightly managed balance sheet also continued to strengthen, enhancing our financial flexibility and putting us in one of the best financial positions we&#8217;ve seen in recent years.\u00a0 We also achieved some important milestones with ADVASEAL\u00ae, including positive field trial results from the Efficacy Study validating the film&#8217;s effectiveness as a pre-plant soil fumigant replacement.\u00a0 This is shaping up to be a pivotal year for Imaflex and we are pleased with the steady progress made on our shareholder commitment to drive profitable growth, particularly during this climate of uncertainty caused by COVID-19.&#8221;<\/p>\n<p>\n        <b>Consolidated Financial Highlights (unaudited)<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Three months ended September 30,<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Nine months ended September 30,<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>CDN $ thousands, except per share amounts <br \/>(or otherwise indicated)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2019<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">% Change<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2019<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">% Change<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenues<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>22,904<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19,195<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnsbt1 prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19.3 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>64,742<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">62,331<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.9 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gross Profit<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4,385<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,521<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">73.9 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>12,055<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,305<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">45.2 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Selling &amp; admin. expenses<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1,923<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,812<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.1 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>5,697<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,366<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.2 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Foreign exchange (gains) losses<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>434<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(217)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(300.0) %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(432)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">498<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(186.7) %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net income<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1,236<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">470<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">163.0 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4,670<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,233<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">278.8 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Basic EPS<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.02<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.01<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">100.0 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.09<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.02<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">350.0 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Diluted EPS<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.02<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.01<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">100.0 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.09<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.02<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">350.0 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gross margin<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>19.1%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.0\u00a0 pp<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>18.6%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13.3%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5.3\u00a0 pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Selling &amp; admin. expenses as % of revenues<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>8.4%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9.4%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0(1.0) pp<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>8.8%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8.6%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.2\u00a0 pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EBITDA (Excluding FX)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>3,387<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,518<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">123.1 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>9,110<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,307<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">71.7 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EBITDA<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2,953<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,735<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">70.2 %<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>9,542<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,809<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">98.4 %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EBITDA margin<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>12.9%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9.0%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.9\u00a0 pp<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>14.7%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.7%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.0\u00a0 pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen13\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen13\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table id=\"convertedTablea424\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prnsbtb0 prnrbrb0 prnvat prnsbtb0 prntar prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>1<\/sup><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvat prnsbtb0 prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization.\u00a0 See &#8220;Caution Regarding Non-IFRS Financial\u00a0Measures&#8221; which follows.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Financial Review: Quarter ended <span class=\"xn-chron\">September 30<\/span><\/b>\n      <\/p>\n<p>\n        <b>Revenues<br \/><\/b>Revenues were up 19.3% over 2019, reaching <span class=\"xn-money\">$22.9 million<\/span> for the quarter.\u00a0 Growth was driven by robust flexible packaging sales volumes, along with heightened sales of agricultural films and converted products.\u00a0 On a poundage basis, overall extruded film volumes were up 21.5% year-over-year. \u00a0Although revenues continued to be impacted by competitive pressures, resin costs came off a market bottom, reached earlier this year, bringing product pricing more in line with 2019 levels.\u00a0 As Imaflex has no long term customer contracts, it is able to adjust product pricing in accordance with resin input costs, although there is usually a 30-day lag between a resin price increase and when customer pricing can be revised.\u00a0 <\/p>\n<p>For the nine months ended <span class=\"xn-chron\">September 30, 2020<\/span>, revenues came in at <span class=\"xn-money\">$64.7 million<\/span> versus <span class=\"xn-money\">$62.3 million<\/span> in the corresponding prior-year period.\u00a0 The increase was largely due to the same variables outlined for the quarter, partially offset by the lower resin pricing environment seen in the first half of 2020. \u00a0<\/p>\n<p>\n        <b>Gross Profit\u00a0 <br \/><\/b>The quarterly gross profit continued to trend well above prior-year levels, coming in at <span class=\"xn-money\">$4.4 million<\/span> or 19.1% of sales as compared to <span class=\"xn-money\">$2.5 million<\/span> and 13.1% of sales in 2019.\u00a0 The improvement was largely driven by the greater sales volumes for the current quarter, which diminished the impact of labor and overhead costs relative to sales; and heightened control of the Corporation&#8217;s variable production costs.\u00a0 \u00a0<\/p>\n<p>The year-to-date gross profit was <span class=\"xn-money\">$12.1 million<\/span>, up 45.2% from <span class=\"xn-money\">$8.3 million<\/span> in 2019.\u00a0 The increase was due to the same factors outlined for the quarter, along with favourable fluctuations in foreign exchange. \u00a0\u00a0<\/p>\n<p>\n        <b>Operating Ex<\/b><br \/>\n        <b>penses<br \/><\/b>Selling and administrative expenses were <span class=\"xn-money\">$1.9 million<\/span> for the third quarter of 2020, versus <span class=\"xn-money\">$1.8 million<\/span> in the prior year.\u00a0 As a result of the higher revenue base this quarter, selling and administrative expenses as a percent of sales were down year-over-year, coming in at 8.4% for the current quarter versus 9.4% in 2019.\u00a0 For the year-to-date, selling and administrative expenses were <span class=\"xn-money\">$5.7 million<\/span> or 8.8% of sales, up slightly from <span class=\"xn-money\">$5.4 million<\/span> and 8.6%, respectively in the prior year.\u00a0 The increase in year-over-year expenses for both the quarter and nine-months was largely due to higher sales commissions resulting from the better sales volumes.<\/p>\n<p>Due to the depreciation of the US dollar against the Canadian dollar, Imaflex recorded a foreign exchange loss of <span class=\"xn-money\">$0.4 million<\/span> in the third quarter of 2020, compared to a gain of <span class=\"xn-money\">$0.2 million<\/span> in 2019.\u00a0 This resulted in an unfavourable variance of <span class=\"xn-money\">$0.6 million<\/span> versus the third quarter of 2019.\u00a0 Conversely, for the first nine months of 2020, Imaflex realized a foreign exchange gain of <span class=\"xn-money\">$0.4 million<\/span>, versus a loss of <span class=\"xn-money\">$0.5 million<\/span> in 2019, culminating in a favourable year-over-year variance of <span class=\"xn-money\">$0.9 million<\/span>.\u00a0 A majority of the Corporation&#8217;s foreign exchange gains and losses are non-cash impacting and largely relate to intercompany balances for which Imaflex can control the time of settlement.\u00a0 \u00a0<\/p>\n<p>\n        <b>Net Income and EBITDA\u00a0\u00a0<br \/><\/b>Net income stood at <span class=\"xn-money\">$1.2 million<\/span> for the current quarter, up 163.0% from <span class=\"xn-money\">$0.5 million<\/span> in 2019.\u00a0 The year-over-year improvement was largely due to the higher gross profit for the current quarter, partially offset by the foreign exchange losses and greater selling and administrative expenses. \u00a0For 2020 year-to-date, net income was <span class=\"xn-money\">$4.7 million<\/span>, up 278.8% from <span class=\"xn-money\">$1.2 million<\/span> in the prior year.\u00a0 The increase over 2019 was driven by the higher gross profit and foreign exchange gain (versus a loss in 2019), partially offset by higher selling and administrative expenses. \u00a0<\/p>\n<p>EBITDA stood at <span class=\"xn-money\">$3.0 million<\/span> or 12.9% of sales for the current quarter, up materially from <span class=\"xn-money\">$1.7 million<\/span> and 9.0% of sales in the third quarter of 2019.\u00a0 On a constant currency basis, the quarterly EBITDA stood at <span class=\"xn-money\">$3.4 million<\/span> or 14.8% of sales, up 123.1% from <span class=\"xn-money\">$1.5 million<\/span> and 7.9% of sales in 2019. \u00a0For the first nine months of 2020, EBITDA came in at <span class=\"xn-money\">$9.5 million<\/span> or 14.7% of sales, up from <span class=\"xn-money\">$4.8 million<\/span> and 7.7% of sales in the corresponding prior-year period.\u00a0 Excluding the impact of foreign exchange, EBITDA was <span class=\"xn-money\">$9.1 million<\/span> (14.1% of sales) for the first nine months of 2020, up 71.7% from <span class=\"xn-money\">$5.3 million<\/span> (8.5% of sales) in 2019. <\/p>\n<p>\n        <b>Liquidity and Capital Resources<br \/><\/b>Net cash generated by operating activities was <span class=\"xn-money\">$4.1 million<\/span> for the third quarter of 2020, up materially from <span class=\"xn-money\">$1.4 million<\/span> in 2019. \u00a0The increase was largely driven by the higher current quarter profit, non-cash year-over-year movements in foreign exchange and income tax expenses, along with changes in working capital. \u00a0\u00a0\u00a0<\/p>\n<p>For 2020 year-to-date, net cash generated by operating activities stood at <span class=\"xn-money\">$9.8 million<\/span>, up <span class=\"xn-money\">$2.8 million<\/span> from <span class=\"xn-money\">$7.0 million<\/span> in 2019.\u00a0 The increase was driven by the higher profitability in 2020 and non-cash movements in income tax expense, partially offset by non-cash movements in foreign exchange and changes in working capital. \u00a0<\/p>\n<p>Strong cash flow generation and disciplined capital allocation continued to strengthen the balance sheet.\u00a0 As at <span class=\"xn-chron\">September 30, 2020<\/span>, Imaflex had access to <span class=\"xn-money\">$14.3 million<\/span> of cash for operating activities, comprised of <span class=\"xn-money\">$2.3 million<\/span> of cash, along with the full <span class=\"xn-money\">$12.0 million<\/span> available under its revolving line of credit. \u00a0\u00a0<\/p>\n<p>\n        <b>ADVASEAL\u00ae Update <br \/><\/b>As previously announced the Corporation is conducting a Release Study, which is the last and most comprehensive trial required prior to submitting the U.S. Environmental Protection Agency (EPA) registration package.\u00a0 The study determines the exact timing for release of each active ingredient (herbicide, nematicide and fungicides) coated on the new ADVASEAL\u00ae.\u00a0 This is required to show compliance with the pre-harvest interval legally established by the EPA, which is essentially the wait time required between the application of crop protection products onto the soil and when a crop can be harvested for safe human consumption.\u00a0 Imaflex will announce the independent trial results once available. \u00a0The Corporation remains focused on submitting the registration package with the EPA around year-end 2020.\u00a0 Once submitted, the EPA review process can take up to a year to complete.\u00a0\u00a0\u00a0 <\/p>\n<p>\n        <b>Impact of COVID-19 \u2013 All plants remain fully operational and running at normal levels<br \/><\/b>COVID-19 continues to have no significant impact on operations, nor is the Corporation experiencing any material issues with customer receivables or delays with suppliers and distribution channels.\u00a0 Imaflex is considered an essential vendor due to the important role its products play in protecting and preserving the integrity of products, particularly within the food and packaging industry. \u00a0All plants remain fully operational and running at normal business levels, while no material capital project has been halted. \u00a0Each plant has the ability to take on more volume should it be required due to business interruption at another location or heightened order flow. \u00a0The Corporation is monitoring developments closely and taking strong preventative measures to protect its employees, customers and business.<\/p>\n<p>\n        <b>Outlook\u00a0 <br \/><\/b>&#8220;Looking ahead, the impact of COVID-19 on our business, financial situation and results remains unclear and cannot be predicted,&#8221; said Mr. Abbandonato.\u00a0 &#8220;Any outbreak at one of our plants, deferrals in purchases, payment issues with customers, or supply and distribution delays could impact us.\u00a0 However, these risks are considered temporary and with a strong balance sheet and dynamic team the Corporation is well positioned to meet any challenges.&#8221;\u00a0 <\/p>\n<p>&#8220;Operationally, we are beginning to see the anticipated growth and increased profitability resulting from our recent equipment purchases.\u00a0 Although we continue to be in a competitive pricing environment, we expect business fundamentals to remain robust for the remainder of the year and we are cautiously optimistic fourth quarter 2020 revenues and profitability will surpass 2019 levels.&#8221;\u00a0 <\/p>\n<p>\n        <b>Caution Regarding Non-IFRS Financial Measures <br \/><\/b>The Company&#8217;s management uses a non-IFRS measure in this press release, namely EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and EBITDA excluding foreign exchange.\u00a0\u00a0\u00a0 <\/p>\n<p>While EBITDA is not a standard International Financial Reporting Standards (IFRS) measure, management, analysts, investors and others use it as an indicator of the Company&#8217;s financial and operating management and performance.\u00a0 EBITDA should not be construed as an alternative to net income determined in accordance with IFRS as an indicator of the Company&#8217;s performance.\u00a0 The Company&#8217;s method of calculating EBITDA may be different from those used by other companies and accordingly it should not be considered in isolation.<\/p>\n<p>\n        <b>About Imaflex Inc. <br \/><\/b>Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible packaging space.\u00a0 Concurrently, the Corporation develops and manufactures films for the agriculture industry.\u00a0 The Corporation&#8217;s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets.\u00a0\u00a0 Headquartered in <span class=\"xn-location\">Montreal, Quebec<\/span>, Imaflex has manufacturing facilities in <span class=\"xn-location\">Canada<\/span> and the United States.\u00a0 The Corporation&#8217;s common stock is listed on the TSX Venture Exchange under the ticker symbol IFX.\u00a0 Additional information is available at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992829-1&amp;h=1275133803&amp;u=http%3A%2F%2Fwww.imaflex.com%2F&amp;a=www.imaflex.com\" rel=\"nofollow noopener noreferrer\">www.imaflex.com<\/a>.<\/p>\n<p>\n        <b>Cautionary Statement on Forward Looking Information<br \/><\/b><br \/>\n        <i>Certain information included in this press release constitutes &#8220;forward-looking&#8221; statements within the meaning of Canadian securities laws.\u00a0 Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the management of the Corporation, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies.\u00a0 The Corporation cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Imaflex to be materially different from the Corporation&#8217;s estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance.\u00a0 These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Corporation&#8217;s most recent Management Discussion and Analysis filed on SEDAR at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992829-1&amp;h=1341474331&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" rel=\"nofollow noopener noreferrer\">www.sedar.com<\/a> and on the investor section of the Corporation&#8217;s website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992829-1&amp;h=1275133803&amp;u=http%3A%2F%2Fwww.imaflex.com%2F&amp;a=www.imaflex.com\" rel=\"nofollow noopener noreferrer\">www.imaflex.com<\/a>.\u00a0 The Corporation disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law.\u00a0 Readers are cautioned not to put undue reliance on these forward-looking statements.<\/i>\n      <\/p>\n<p>\n        <i>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i>\n      <\/p>\n<p><\/p>\n<p>SOURCE  Imaflex Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C1049&amp;Transmission_Id=202011250730CANADANWWEB______C1049&amp;DateId=20201125\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada NewsWire Business momentum continues; drives solid top and bottom line growth\u00a0 \u00a0 Third Quarter (Q3) 2020 Highlights Revenue growth accelerated, increasing 19.3% over Q3 2019 to $22.9 million Gross margin reached 19.1%, versus 13.1% in the prior year EBITDA 1 \u00a0came in at $3.0 million, up 70.2% over 2019; up 123.1% on a constant currency basis N et income was $1.2 million, up 163% from $0.5 million in 2019 Cash flow generation remained strong; ended the quarter with $2.3 million of cash and no debt on short term credit facility MONTREAL, Nov. 25, 2020 \/CNW Telbec\/ &#8211; Imaflex Inc. (&#8220;Imaflex&#8221; or the &#8220;Corporation&#8221;) (TSXV: IFX), announces its consolidated financial results for the third quarter (Q3) ended September 30, 2020 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Imaflex Reports Strong Q3 2020 Results and Provides Business Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388397","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Imaflex Reports Strong Q3 2020 Results and Provides Business Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Imaflex Reports Strong Q3 2020 Results and Provides Business Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Canada NewsWire Business momentum continues; drives solid top and bottom line growth\u00a0 \u00a0 Third Quarter (Q3) 2020 Highlights Revenue growth accelerated, increasing 19.3% over Q3 2019 to $22.9 million Gross margin reached 19.1%, versus 13.1% in the prior year EBITDA 1 \u00a0came in at $3.0 million, up 70.2% over 2019; up 123.1% on a constant currency basis N et income was $1.2 million, up 163% from $0.5 million in 2019 Cash flow generation remained strong; ended the quarter with $2.3 million of cash and no debt on short term credit facility MONTREAL, Nov. 25, 2020 \/CNW Telbec\/ &#8211; Imaflex Inc. (&#8220;Imaflex&#8221; or the &#8220;Corporation&#8221;) (TSXV: IFX), announces its consolidated financial results for the third quarter (Q3) ended September 30, 2020 &hellip; Continue reading &quot;Imaflex Reports Strong Q3 2020 Results and Provides Business Update&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-25T12:33:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C1049&amp;Transmission_Id=202011250730CANADANWWEB______C1049&amp;DateId=20201125\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Imaflex Reports Strong Q3 2020 Results and Provides Business Update\",\"datePublished\":\"2020-11-25T12:33:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\\\/\"},\"wordCount\":1911,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rt.prnewswire.com\\\/rt.gif?NewsItemId=C1049&amp;Transmission_Id=202011250730CANADANWWEB______C1049&amp;DateId=20201125\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\\\/\",\"name\":\"Imaflex Reports Strong Q3 2020 Results and Provides Business Update - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/","og_locale":"en_US","og_type":"article","og_title":"Imaflex Reports Strong Q3 2020 Results and Provides Business Update - Market Newsdesk","og_description":"Canada NewsWire Business momentum continues; drives solid top and bottom line growth\u00a0 \u00a0 Third Quarter (Q3) 2020 Highlights Revenue growth accelerated, increasing 19.3% over Q3 2019 to $22.9 million Gross margin reached 19.1%, versus 13.1% in the prior year EBITDA 1 \u00a0came in at $3.0 million, up 70.2% over 2019; up 123.1% on a constant currency basis N et income was $1.2 million, up 163% from $0.5 million in 2019 Cash flow generation remained strong; ended the quarter with $2.3 million of cash and no debt on short term credit facility MONTREAL, Nov. 25, 2020 \/CNW Telbec\/ &#8211; Imaflex Inc. (&#8220;Imaflex&#8221; or the &#8220;Corporation&#8221;) (TSXV: IFX), announces its consolidated financial results for the third quarter (Q3) ended September 30, 2020 &hellip; Continue reading \"Imaflex Reports Strong Q3 2020 Results and Provides Business Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-25T12:33:23+00:00","og_image":[{"url":"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C1049&amp;Transmission_Id=202011250730CANADANWWEB______C1049&amp;DateId=20201125","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Imaflex Reports Strong Q3 2020 Results and Provides Business Update","datePublished":"2020-11-25T12:33:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/"},"wordCount":1911,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/#primaryimage"},"thumbnailUrl":"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=C1049&amp;Transmission_Id=202011250730CANADANWWEB______C1049&amp;DateId=20201125","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/imaflex-reports-strong-q3-2020-results-and-provides-business-update\/","name":"Imaflex Reports Strong Q3 2020 Results and Provides Business Update - 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