earnings
confidence high
sentiment positive
materiality 0.70
TPB Q4 net sales +12.8% to $93.7M; FY24 adjusted EBITDA +12% to $104.5M
Turning Point Brands, Inc.
- Q4 adjusted EBITDA $26.2M (+5.3%), adjusted diluted EPS $0.98 (vs $0.82).
- Stoker's segment sales +25.8% to $47.8M driven by Modern Oral growth.
- FY25 guidance: adjusted EBITDA $108-113M, Modern Oral sales $60-80M.
- Issued $300M senior secured notes due 2032 to repay $250M notes due 2026.
- Contributed 100% of Creative Distribution Solutions to a JV for 49% stake (discontinued ops).