Turning Point Brands Earnings Reports

Turning Point Brands delivered strong Q4 2024 results, with total revenue increasing by 12.8% year-over-year to $93.67 million. Zig-Zag product sales grew modestly, while Stoker’s segment saw significant gains, driven by increased volume and favorable pricing. Net income declined due to a one-time $7.3 million loss from discontinued operations, but adjusted net income rose by 12.7% to $18 million. Adjusted EBITDA increased by 5.3% to $26.2 million, reflecting continued operational efficiency and growth in key product lines.

Turning Point Brands announced positive Q3 2024 results, with a 3.8% increase in total consolidated net sales to $105.6 million and a 14.3% increase in net income to $12.4 million. The company also raised its full-year adjusted EBITDA guidance to $101 to $103 million.

Turning Point Brands reported a 2.8% increase in total consolidated net sales, reaching $108.5 million. Net income increased by 31.0% to $13.0 million, and adjusted EBITDA rose by 6.9% to $27.0 million. The company is increasing its full-year 2024 adjusted EBITDA guidance to $98 to $102 million.

Turning Point Brands reported a 3.9% decrease in total consolidated net sales to $97.1 million, but experienced growth in Zig-Zag and Stoker's products. Gross profit increased by 6.8% to $51.9 million, and net income increased significantly by 58.1% to $12.0 million. The company reaffirmed its full-year 2024 adjusted EBITDA guidance of $95 to $100 million.

Turning Point Brands reported a decrease in net sales for Q4 2023, but experienced growth in gross profit, net income, and adjusted EBITDA. Stoker's Products saw strong sales growth, while Zig-Zag Products sales decreased slightly. The company is focused on strategic initiatives and expects solid growth in Zig-Zag and Stoker's Products businesses in 2024.

Turning Point Brands reported a 5.6% decrease in total consolidated net sales to $101.7 million, with declines in Zig-Zag and Creative Distribution Solutions segments offset by growth in Stoker's Products. The company repurchased $15 million of convertible bonds and closed a new $75 million ABL facility to enhance liquidity. Adjusted EBITDA guidance for the full year was revised upward to $92 to $95 million.

Turning Point Brands reported a 2.6% increase in total consolidated net sales, reaching $105.6 million, with notable growth in Zig-Zag and Stoker's products. Net income saw a significant increase of 83.0% to $9.9 million, and adjusted EBITDA rose by 2.2% to $25.3 million. The company also raised its full-year adjusted EBITDA guidance to $90 to $95 million.

Turning Point Brands reported a slight increase in net sales for Q1 2023, with growth in Stoker's Products and Creative Distribution Solutions offsetting a decrease in Zig-Zag Products. However, the company experienced declines in gross profit and net income compared to the same period last year.

Turning Point Brands reported a slight decrease in net sales for Q4 2022, with growth in Zig-Zag and Stoker's products offsetting declines in the NewGen segment. The company faced a net loss due to non-cash asset impairments, though adjusted net income remained positive. Strategic measures, including share repurchases and debt purchases, were undertaken while maintaining a strong cash balance.

Turning Point Brands reported a slight decrease in net sales and net income for Q3 2022. While Zig-Zag and Stoker's products saw significant growth, NewGen sales declined. The company is adjusting its outlook for the year due to the current economic environment.

Turning Point Brands reported a decrease in net sales by 16.1% to $102.9 million, with net income decreasing by 64.7% to $5.4 million. The Zig-Zag and Stoker's segments showed resilience, while the NewGen segment experienced a decline. The company is adjusting its outlook for the year due to the uncertain macro environment.

Turning Point Brands reported a decrease in net sales by 6.3% to $100.9 million, but experienced a 10.1% increase in net sales for Zig-Zag and Stoker's Products. The company's diluted EPS was $0.55, and adjusted diluted EPS was $0.71. They focused on growing market share for Zig-Zag and Stoker's while managing profitability across all segments, including NewGen.

Turning Point Brands reported Q4 net sales comparable to the previous year at $105.3 million, despite a 22% decline in NewGen sales. The company's FY21 EBITDA grew by 20%.

Turning Point Brands reported a 5.5% increase in net sales to $109.9 million and a 49.3% increase in net income to $13.4 million for the third quarter of 2021. The company's Zig-Zag and Stoker's segments showed growth, while the NewGen segment faced challenges due to regulatory uncertainty. TPB updated its 2021 guidance and increased its share repurchase authorization.

Turning Point Brands reported a strong second quarter with net sales increasing by 16.8% to $122.6 million and net income increasing by 49.2% to $15.4 million. The company's performance was driven by exceptional growth in the Zig-Zag segment and solid results from the Stoker's segment. TPB also increased its full-year guidance for net sales and adjusted EBITDA.

Turning Point Brands reported an increase in net sales by 18.7% to $107.6 million, gross profit increased by 28.6% to $53.3 million, and net income increased to $11.8 million. Adjusted EBITDA increased by 57.4% to $28.0 million, with diluted EPS at $0.57 and Adjusted Diluted EPS at $0.80.

Turning Point Brands announced its financial results for the fourth quarter and full year ended December 31, 2020.

Turning Point Brands reported a 7.6% increase in net sales to $104.2 million for the third quarter of 2020. The company's gross profit increased by 12.8% to $48.3 million, and net income rose to $7.8 million despite PMTA costs. Adjusted EBITDA increased by 27.4% to $23.9 million, and the company has raised its outlook for the remainder of the fiscal year.

Turning Point Brands announced positive financial results for Q2 2020, with net sales increasing by 12.5% to $105.0 million and gross profit increasing by 16.8% to $48.1 million. However, net income decreased to $9.2 million due to PMTA-related expenses. The company's Smokeless, Smoking, and NewGen segments all experienced growth during the quarter.

Turning Point Brands reported a slight decrease in net sales but an increase in gross profit for Q1 2020. The company faced challenges including PMTA costs, but saw growth in the Smokeless and Smoking segments. The NewGen segment experienced a contraction in sales.

Turning Point Brands' Q4 2019 net sales decreased by 14.9% to $80.2 million, and the company reported a net loss of $12.3 million, primarily due to $24.7 million in restructuring costs. The vaping market disruption significantly impacted the NewGen segment, but the core tobacco segment showed resilience. The company has taken steps to consolidate its operations and focus on creating value for shareholders.