secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001140361-22-027062
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turning Point Brands Q2 net sales down 16.1% to $102.9M; cuts FY adj. EBITDA guidance
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- Net sales $102.9M (-16.1% YoY); net income $5.4M (-64.7%); diluted EPS $0.30 (adj. $0.70 vs $0.84).
- Zig-Zag sales $46.2M (-2.1%); Stoker's $33.6M (+0.7%); NewGen $23.1M (-45.1%).
- Revised FY2022 guidance: Zig-Zag sales $193-200M, Stoker's $127-133M, adj. EBITDA $97-103M.
- Spent $8.8M repurchasing 301,662 shares at avg $29.16; recorded $6.3M impairment on dosist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122027062/0001140361-22-027062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122027062/brhc10040023_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-027062

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