secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001140361-24-023844
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036124023844/0001140361-24-023844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036124023844/ef20028244_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-023844

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer