---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-051998"
form_type: "8-K"
ticker: "TPB"
cik: "0001290677"
company_name: "Turning Point Brands, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:49:58.949643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-051998
- form_type: 8-K
- ticker: TPB
- cik: 0001290677
- company_name: Turning Point Brands, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290677/000114036123051998/0001140361-23-051998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290677/000114036123051998/ef20014237_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-051998
- JSON: https://secwatch.observer/filing/0001140361-23-051998.json
- Plain text: https://secwatch.observer/filing/0001140361-23-051998.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036123051998/0001140361-23-051998-index.htm

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