Turning Point Brands Q1 net income up 58%; adjusted EBITDA +22% to $25.3M

Turning Point Brands, Inc.

2024-Q1 EPS reported $0.63 revenue$97,058,000

Net income $12.0M (+58.1% YoY); diluted EPS $0.63; adjusted diluted EPS $0.80 vs $0.62.
Adjusted EBITDA $25.3M (+21.6% YoY); full-year 2024 guidance reaffirmed at $95-100M.
Zig-Zag net sales +11.5% to $46.7M, gross margin +550bps to 59.0%; Stoker's +8.0% to $36.4M, FRE Modern Oral triple-digit growth.
Creative Distribution Solutions net sales down 44.9% to $14.0M; gross margin 25.4%.
Total liquidity $189.9M ($130.9M cash, $59.0M revolving); repurchased 72,545 shares for $2.1M.

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 first quarter ended March 31, 2024 results: net income Net income increased 58.1% to $12.0 million, EPS Diluted EPS of $0.63 and Adjusted Diluted EPS of $0.80. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Net income: Net income increased 58.1% to $12.0 million
EPS: Diluted EPS of $0.63 and Adjusted Diluted EPS of $0.80
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, 2024.

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Turning Point Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-023844

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.