secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001140361-21-025698
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036121025698/0001140361-21-025698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036121025698/brhc10027284_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-025698

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