secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001140361-23-051998
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036123051998/0001140361-23-051998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036123051998/ef20014237_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-051998

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