earnings
confidence high
sentiment positive
materiality 0.70
Turning Point Brands Q3 beats; adjusted EBITDA up 11% to $27.2M; raises FY guidance
Turning Point Brands, Inc.
2024-Q3 EPS reported
$1.99
revenue$311,187,000
- Q3 net sales $105.6M (+3.8% YoY); net income $12.4M (+14.3%); diluted EPS $0.68.
- Adjusted EBITDA $27.2M (+11.3%); adjusted diluted EPS $0.87 vs $0.76 a year ago.
- Zig-Zag segment net sales +5.5%; Stoker's +12.1%; Creative Distribution Solutions -17.4%.
- FY 2024 adjusted EBITDA guidance raised to $101-103M from $98-102M.
- Board increased share repurchase authorization by $77.9M to total $100M.