earnings
confidence high
sentiment positive
materiality 0.75
Turning Point Brands Q2 Adjusted EBITDA +7% to $27.0M; raises FY2024 guidance to $98-102M
Turning Point Brands, Inc.
2024-Q2 EPS reported
$1.31
revenue$205,570,000
- Q2 2024 net sales up 2.8% to $108.5M; net income +31% to $13.0M; diluted EPS $0.68.
- Adjusted diluted EPS $0.89 vs $0.79 YoY; Adjusted EBITDA $27.0M (+6.9% YoY).
- Zig-Zag segment net sales +8.0% ($50.5M); Stoker's segment +18.5% ($42.7M); CDS -33% ($15.3M).
- FY2024 adjusted EBITDA guidance raised to $98-102M (from $95-100M), excluding CDS.
- Retired remaining $118.5M convertible notes on July 15 using cash on hand.