---
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"
generated_at: "2026-06-12T12:02:30.170100+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Turning Point Brands Q2 net sales up 2.6% to $105.6M; raises FY2023 EBITDA guidance to $90-95M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1290677/000114036123037507/0001140361-23-037507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/brhc20056851_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-037507
- JSON: https://secwatch.observer/filing/0001140361-23-037507.json
- Plain text: https://secwatch.observer/filing/0001140361-23-037507.txt

## Key facts
- Earnings Releases
  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.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $105.6 million
  - Net income: $9.9 million
  - EPS: $0.53
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/0001140361-23-037507-index.htm
- Earnings Releases
  Turning Point Brands, Inc. updated its full-year 2023 guidance (raised).
  - Period: full-year 2023
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036123037507/0001140361-23-037507-index.htm

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