Loading...
•
Mar 31, 2024
Turning Point Brands Q1 2024 Earnings Report
Turning Point Brands reported mixed first quarter 2024 results with revenue decline offset by growth in key segments and increased profitability.
Key Takeaways
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.
Total consolidated net sales decreased by 3.9% to $97.1 million.
Zig-Zag Products net sales increased by 11.5% year-over-year.
Stoker’s Products net sales increased by 8.0% year-over-year.
Net income increased 58.1% to $12.0 million.
Revenue by Segment
Forward Guidance
The Company is maintaining its previous expectation of full-year 2024 adjusted EBITDA of $95 to $100 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...