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

Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001140361-23-022607
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 Q1 net sales flat but net income down 30.9% to $7.6M
-------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036123022607/0001140361-23-022607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036123022607/brhc20052414_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-022607

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