earnings
confidence high
sentiment positive
materiality 0.80
Turning Point Brands FY2021 net sales +10% to $445.5M, adj. EBITDA +19.8% to $108.1M
Turning Point Brands, Inc.
2021-FY EPS reported
$2.52
revenue$445,471,000
- Q4 net sales flat at $105.3M, net income -20.3% to $11.5M, adj. EBITDA -7.6% to $23.8M; NewGen sales -22%.
- FY net sales $445.5M (+10%), net income $52.1M (+36.3%), adj. diluted EPS $3.03 vs $2.60.
- Zig-Zag Q4 sales +13.6% to $46.1M; Stoker's +8.3% to $31.2M; NewGen -22% to $28.0M.
- Entered exclusive US/Canada distribution for CLIPPER lighters; spent $18.2M repurchasing 477,707 shares in Q4.
- 2022 guidance: Zig-Zag sales $193-203M, Stoker's $127-134M; adj. EBITDA expected in-line with FY2021.