Turning Point Brands raises FY2021 guidance after Q2 beat; Zig-Zag sales surge 72% YoY

Turning Point Brands, Inc.

2021-Q2 EPS reported $1.30 revenue$230,284,000

Q2 net sales $122.6M (+16.8% YoY); net income $15.4M (+49.2%); adjusted EBITDA $30M (+31.7%).
Diluted EPS $0.73, adjusted $0.84; vs $0.49 and $0.66 in Q2 2020.
Zig-Zag segment net sales $47.2M (+72.3%); Stoker's $33.4M (+8.3%); NewGen $42.1M (-10.0%).
FY2021 guidance raised: net sales $447-462M (prev $422-440M), adjusted EBITDA $108-113M (prev $103-108M).
Acquired cigar assets from Unitabac; $8M strategic investment in Old Pal; repurchased 175k shares at avg $47.73.

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