Turning Point Brands Q1 net sales flat but net income down 30.9% to $7.6M

Turning Point Brands, Inc.

2023-Q1 EPS reported $0.41 revenue$100,956,000

Net sales $101.0M (+0.1% YoY); gross profit fell 6.1% to $48.6M.
GAAP diluted EPS $0.41 vs $0.55; adjusted diluted EPS $0.62 vs $0.71.
Zig-Zag segment sales -8.3% to $41.9M; Stoker's +6.2% to $33.7M.
Adjusted EBITDA $20.8M (-17.7%); FY 2023 guidance maintained at $88-94M.
Repurchased $13.9M of 2.50% convertible notes; cash $104.8M, net debt $293.8M.

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 first quarter ended March 31, 2023 results: net income net income decreased 30.9% to $7.6 million, EPS Diluted EPS of $0.41. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Net income: net income decreased 30.9% to $7.6 million
EPS: Diluted EPS of $0.41
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Turning Point Brands, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001140361-23-022607

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