secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001140361-21-035402
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turning Point Brands Q3 sales +5.5% to $109.9M; cuts 2021 guidance; boosts buyback
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- Q3 net sales $109.9M (+5.5%), gross profit $54.3M (+12.3%), adjusted EBITDA $26.3M (+9.9%).
- Diluted EPS $0.65; adjusted diluted EPS $0.72, compared to $0.44 and $0.69 in Q3 2020.
- Segment: Zig-Zag net sales +17.4% to $42.2M; Stoker's +2.4% to $30.5M; NewGen -3.2% to $37.2M.
- FY 2021 guidance lowered: net sales $433-443M (prev $447-462M), adj. EBITDA $104-108M (prev $108-113M).
- Board increased share repurchase authorization by $30.7M to $50M; FDA rescinded MDO for vapor products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036121035402/0001140361-21-035402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036121035402/brhc10030071_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-035402

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer