Turning Point Brands Reports Q4 2023 Adjusted EBITDA Up 7.5% to $24.8 Million

Turning Point Brands, Inc.

2023-FY EPS reported $2.01 revenue$405,393,000

Q4 2023 net sales decreased 6.1% to $97.1 million; Zig-Zag and Stoker's combined grew 5.9%
Adjusted EBITDA rose 7.5% to $24.8 million; full-year free cash flow was $61.2 million
Stoker's Products segment net sales jumped 18.6% in Q4, with MST volume growing double-digits
Full-year 2024 adjusted EBITDA guidance set at $95-100 million, excluding CDS contribution
Net debt at year-end was $250.7 million; liquidity of $177.9 million including $117.9 million cash

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