secwatch.observer — SEC 8-K summary
======================================

Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001140361-22-006265
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turning Point Brands FY2021 net sales +10% to $445.5M, adj. EBITDA +19.8% to $108.1M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122006265/0001140361-22-006265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122006265/brhc10034323_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-006265

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