secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001140361-24-035215
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 Q2 Adjusted EBITDA +7% to $27.0M; raises FY2024 guidance to $98-102M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036124035215/0001140361-24-035215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036124035215/ef20033437_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-035215

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