Highest-materiality recent filing
Turning Point Brands Q1 net sales up 17%, Modern Oral sales surge 133% to $52M; raises FY guidance
Total net sales $124.3M (+17% YoY); Modern Oral segment sales $52.0M (+133%), now 42% of total sales.
All proposals pass at TPB annual meeting; directors elected, KPMG ratified, say-on-pay approved
All 10 director nominees elected with over 14.6M votes for and fewer than 350K withheld per nominee.
Turning Point Brands Q4 net sales up 29% to $121M; Modern Oral surges 266%
Q4 net sales $121.0M (+29.2% YoY); net income $8.2M (+239.8%); adjusted EBITDA $30.0M (+14.4%).
Turning Point Brands Q3: Modern Oral sales surge 628%, net sales up 31% to $119M; FY guidance raised
Consolidated net sales $119.0M (+31.2% YoY); Modern Oral sales $36.7M (+627.6%) now 30.8% of total.
TPB Q3 net sales $119M (+31.2% YoY); raises FY2025 Adjusted EBITDA guidance to $115-120M
Net sales $119.0M (+31.2% YoY); net income $21.1M (+70.3%); adjusted diluted EPS $1.27.
Turning Point Brands expands ATM equity program by $200M after exhausting prior $100M
Original ATM program of $100M nearly tapped with $99,999,137 gross proceeds sold.
Turning Point Brands Q2 net sales up 25% to $116.6M; Modern Oral surges 651%; raises guidance
Net sales $116.6M (+25.1% YoY); net income $14.5M (+11.3%); diluted EPS $0.79.
All 10 director nominees elected; votes for ranged from 11.88M to 12.17M, with 1.95M broker non-votes.
Turning Point Brands Q1 net sales up 28% to $106.4M; raises Modern Oral guidance to $80-95M
Net sales $106.4M (+28.1% YoY); diluted EPS $0.79 vs $0.63; Adj. diluted EPS $0.91 vs $0.80.
Turning Point Brands dismisses auditor RSM, appoints KPMG; cites material weakness in ITGC
RSM US LLP dismissed as independent auditor; KPMG LLP appointed for FY 2025 effective March 7, 2025.
TPB Q4 net sales +12.8% to $93.7M; FY24 adjusted EBITDA +12% to $104.5M
Q4 adjusted EBITDA $26.2M (+5.3%), adjusted diluted EPS $0.98 (vs $0.82).
Turning Point Brands issues $300M 7.625% Senior Secured Notes due 2032 to refinance 2026 Notes
$300M aggregate principal of 7.625% Senior Secured Notes due March 15, 2032 issued Feb 19, 2025.
Turning Point Brands prices $300M 7.625% senior secured notes due 2032
Offering of $300,000,000 aggregate principal amount of 7.625% Senior Secured Notes due March 15, 2032.
Preliminary Q4 2024 net sales estimated $93.1-$94.1M; full year $360-$361M.
TPB contributes CDS segment to GWO JV for 49% stake; option to buy remaining 51%
Contributed 100% of South Beach Brands (CDS segment) to GWO in exchange for 49% fully-diluted stake.
Turning Point Brands enters $100M ATM offering to fund FRE pouch expansion
Up to $100M of common stock may be sold via B. Riley Securities and Barclays Capital as sales agents.
Turning Point Brands Q3 beats; adjusted EBITDA up 11% to $27.2M; raises FY guidance
Q3 net sales $105.6M (+3.8% YoY); net income $12.4M (+14.3%); diluted EPS $0.68.
Turning Point Brands Q2 Adjusted EBITDA +7% to $27.0M; raises FY2024 guidance to $98-102M
Q2 2024 net sales up 2.8% to $108.5M; net income +31% to $13.0M; diluted EPS $0.68.
All 9 director nominees elected; highest vote count 13.1M for John A. Catsimatidis Jr.
Turning Point Brands Q1 net income up 58%; adjusted EBITDA +22% to $25.3M
Net income $12.0M (+58.1% YoY); diluted EPS $0.63; adjusted diluted EPS $0.80 vs $0.62.
Arnold Zimmerman to retire as director effective at May 2024 annual meeting; will serve as Director Emeritus in advisory capacity.
TPB appoints Andrew Flynn as CFO; Louie Reformina steps down effective March 8
Reformina steps down as CFO effective March 8, 2024 to pursue other opportunities; no dispute with company.
Turning Point Brands Reports Q4 2023 Adjusted EBITDA Up 7.5% to $24.8 Million
Q4 2023 net sales decreased 6.1% to $97.1 million; Zig-Zag and Stoker's combined grew 5.9%
the Board has nominated John Catsimatidis Jr. to stand for election as a director at the Company’s 2024 Annual Meeting.
On March 20, 2024, Arnold Zimmerman notified the Board of Directors (the “Board”) of Turning Point Brands, Inc. (“Turning Point” or the “Company”) of his decision to retire as a director after eleven years of distinguished service effective upon the expiration of his term at the 2024 Annual Meeting of Stockholders in May 2024.
Louie Reformina, Senior Vice President and Chief Financial Officer of the Company, would be stepping down from his position in order to pursue other opportunities, effective as of March 8, 2024.
The Board of Directors of the Company (the “Board”) has appointed Andrew Flynn to serve as Senior Vice President and Chief Financial Officer of the Company, with an anticipated start date of April 1, 2024, to take Mr. Reformina’s position.
Max materiality 0.85 · Median 0.70 · Most common event earnings