---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022607"
form_type: "8-K"
ticker: "TPB"
cik: "0001290677"
company_name: "Turning Point Brands, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:28:05.987440+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-022607
- form_type: 8-K
- ticker: TPB
- cik: 0001290677
- company_name: Turning Point Brands, Inc.
- filed_at: 2023-05-03T23:59:59+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/1290677/000114036123022607/0001140361-23-022607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290677/000114036123022607/brhc20052414_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022607
- JSON: https://secwatch.observer/filing/0001140361-23-022607.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022607.txt

## Key facts
- Earnings Releases
  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
  source text: Turning Point Brands, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036123022607/0001140361-23-022607-index.htm

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