Turning Point Brands Q4 net loss $16.3M on $34.8M impairment; FY23 adj EBITDA guidance $88-94M

Turning Point Brands, Inc.

2022-FY EPS reported $0.64 revenue$415,013,000

Q4 net sales $103.4M (-1.8% YoY); net loss $16.3M vs income $11.5M prior year due to $34.8M non-cash impairments.
FY22 net sales $415.0M (-6.8% YoY); adjusted EBITDA $97.6M (-9.7%); diluted EPS $0.64, adjusted $2.83.
Zig-Zag + Stoker's combined net sales +6.8% for FY22; NewGen sales -35.2% on regulatory headwinds.
Company contributed NewGen to newly-formed Creative Distribution Solutions (CDS) subsidiary on Dec 21, 2022.
FY23 adjusted EBITDA guidance $88-94M; repurchased $10M notional of 2.50% convertible notes in Q4.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Turning Point Brands, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $103.4 million, net income $($16.3) million, EPS $(0.93).

Period: the fourth quarter ended December 31, 2022
Revenue: $103.4 million
Net income: $($16.3) million
EPS: $(0.93)
Result: reported results

Exact text from the filing

Total consolidated net sales decreased 1.8% to $103.4 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Turning Point Brands, Inc. reported the full year ended December 31, 2022 results: revenue $415.0 million, net income $11.6 million, EPS $0.64.

Period: the full year ended December 31, 2022
Revenue: $415.0 million
Net income: $11.6 million
EPS: $0.64
Result: reported results

Exact text from the filing

Total consolidated net sales decreased 6.8% to $415.0 million

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Turning Point Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-008442

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