{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-037507","form_type":"8-K","ticker":"TPB","cik":"0001290677","company_name":"Turning Point Brands, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.492802+00:00","generated_at":"2026-06-12T12:02:30.170100+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Turning Point Brands Q2 net sales up 2.6% to $105.6M; raises FY2023 EBITDA guidance to $90-95M","bullets":["Net income rose 83% to $9.9M; adjusted diluted EPS $0.79 vs $0.70 a year ago.","Stoker's segment net sales up 7.3% to $36.1M led by double-digit MST growth; Zig-Zag up 1.1%.","Adjusted EBITDA grew 2.2% to $25.3M; full-year guidance raised to $90-95M from $88-94M.","Repurchased $15.1M aggregate principal of 2.50% convertible notes due 2024 during Q2.","SG&A decreased to $31.9M from $33.3M; recorded $4.1M impairment on minority investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-037507","json":"https://secwatch.observer/filing/0001140361-23-037507.json","markdown":"https://secwatch.observer/filing/0001140361-23-037507.md","text":"https://secwatch.observer/filing/0001140361-23-037507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/0001140361-23-037507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/brhc20056851_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T12:02:30.170100+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fc1818d2f7dc6168905458d1ce2209feb255abe","claim":"Turning Point Brands, Inc. reported the second quarter ended June 30, 2023 results: revenue $105.6 million, net income $9.9 million, EPS $0.53. Guidance raised.","evidence_excerpt":"Q2 2023 vs. Q2 2022 • Total consolidated net sales increased 2.6% to $105.6 million o Zig-Zag Products net sales increased by 1.1% o Stoker’s Products net sales increased by 7.3% o Creative Distribution Solutions net sales decreased by 1.3% • Gross profit increased 2.0% to $52.5 million • Net income increased 83.0% to $9.9 million • Adjusted net income increased 8.4% to $15.3 million (see Schedule B for a reconciliation to net income) • Adjusted EBITDA increased 2.2% to $25.3 million (see Schedule A for a reconciliation to net income) • Diluted EPS of $0.53 and Adjusted Diluted EPS of $0.79 compared to $0.30 and $0.70 in the same period one year ago, respectively","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/0001140361-23-037507-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$105.6 million"},{"label":"Net income","value":"$9.9 million"},{"label":"EPS","value":"$0.53"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f37b015673736cd3d733a0c6a937bbb7d5c77e23","claim":"Turning Point Brands, Inc. updated its full-year 2023 guidance (raised).","evidence_excerpt":"At this time, the Company expects full-year 2023 adjusted EBITDA to be $90 to $95 million (compared to previous outlook of $88 to $94 million).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/0001140361-23-037507-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}