secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001140361-24-045535
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turning Point Brands Q3 beats; adjusted EBITDA up 11% to $27.2M; raises FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036124045535/0001140361-24-045535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036124045535/ef20038236_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045535

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