---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-008442"
form_type: "8-K"
ticker: "TPB"
cik: "0001290677"
company_name: "Turning Point Brands, Inc."
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:33:07.850859+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-008442
- form_type: 8-K
- ticker: TPB
- cik: 0001290677
- company_name: Turning Point Brands, Inc.
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290677/000114036123008442/0001140361-23-008442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290677/000114036123008442/brhc10048764_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-008442
- JSON: https://secwatch.observer/filing/0001140361-23-008442.json
- Plain text: https://secwatch.observer/filing/0001140361-23-008442.txt

## Key facts
- Earnings Releases
  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
  source text: Total consolidated net sales decreased 1.8% to $103.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036123008442/0001140361-23-008442-index.htm
- Earnings Releases
  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
  source text: Total consolidated net sales decreased 6.8% to $415.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036123008442/0001140361-23-008442-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.