secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001140361-22-016119
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turning Point Brands Q1 net sales down 6.3% to $100.9M; adjusted EPS $0.71 vs $0.80
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- Zig-Zag segment net sales +11.4% to $45.7M; Stoker's +8.4% to $31.7M; NewGen -37.1% to $23.5M.
- Gross profit down 2.8% to $51.8M; adjusted EBITDA down 9.8% to $25.3M.
- SG&A rose to $32.6M from $28.9M including $1.3M restructuring and $1.1M FDA PMTA costs.
- Repurchased 310,224 shares for $10.6M at avg $34.24; total liquidity $147.4M.
- 2022 guidance maintained; segment reclass moved Wild Hemp to Zig-Zag and FRE pouches to Stoker's.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122016119/0001140361-22-016119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122016119/brhc10036770_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-016119

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