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Jun 30, 2023
Turning Point Brands Q2 2023 Earnings Report
Turning Point Brands' Q2 2023 results reflected growth in net sales and improved profitability.
Key Takeaways
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.
Total consolidated net sales increased by 2.6% to $105.6 million.
Zig-Zag Products net sales increased by 1.1% and Stoker’s Products net sales increased by 7.3%.
Net income increased significantly by 83.0% to $9.9 million.
Adjusted EBITDA increased by 2.2% to $25.3 million.
Turning Point Brands
Turning Point Brands
Turning Point Brands Revenue by Segment
Revenue by Segment
Stoker's Products Sales Revenue
CapyFin.comZig-Zag Products Sales Revenue
CapyFin.com Forward Guidance
The Company expects full-year 2023 adjusted EBITDA to be $90 to $95 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income