TPB Q3 net sales down 5.6% to $101.7M; narrows 2023 adjusted EBITDA guidance to $92-95M

Turning Point Brands, Inc.

2023-Q3 EPS reported $1.51 revenue$308,273,000

Adjusted EBITDA $24.4M (-0.4% YoY); diluted EPS $0.58, adjusted diluted EPS $0.76.
Stoker's net sales +10.1% to $36.9M on double-digit MST growth; Zig-Zag -10.2% to $46.8M.
Closed new $75M ABL facility (maturing Nov 2027), replacing $25M facility; no borrowings outstanding.
Repurchased $15M of 2.50% convertible notes due July 2024; net debt $272.5M, liquidity $119.7M.
Full-year 2023 adjusted EBITDA guidance revised to $92-95M from $90-95M; CDS restructured.

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 third quarter ended September 30, 2023 results: revenue $101.7 million, net income $10.8 million, EPS $0.58. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $101.7 million
Net income: $10.8 million
EPS: $0.58
Guidance: raised
Result: reported results

Exact text from the filing

with active ingredients, announced today financial results for the third quarter ended September 30, 2023. Q3 2023 vs. Q3 2022 • Total consolidated net sales decreased 5.6% to $101.7 million o Zig-Zag Products net sales decreased by 10.2% but stable sequentially o Stoker’s Products net sales increased by 10.1% o Creative Distribution Solutions net sales decreased by

View on SEC.gov

Browse all earnings releases →

Turning Point Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-051998

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.