secwatch.observer — SEC 8-K summary
======================================

Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001140361-23-008442
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036123008442/0001140361-23-008442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036123008442/brhc10048764_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008442

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