secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001140361-22-038491
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turning Point Brands Q3 net sales down 1.9% to $107.8M; lowers FY2022 EBITDA guidance
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- Net income fell 14.3% to $11.5M; diluted EPS $0.60 vs $0.65 a year ago; adjusted diluted EPS $0.72 (flat).
- Zig-Zag segment sales up 23.3% to $52.1M; Stoker's up 10.0% to $33.5M; NewGen down 40.3% to $22.2M.
- Adjusted EBITDA decreased 6.7% to $24.5M; FY2022 guidance lowered to $96-99M from $97-103M.
- Repurchased 307,207 shares for $7.6M at avg $24.78/share in Q3; total liquidity $127.1M.
- CLIPPER lighter launch drove strong Zig-Zag growth; ~$5M sales pulled forward from Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122038491/0001140361-22-038491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122038491/brhc10043302_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-038491

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