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Jun 30, 2024
Turning Point Brands Q2 2024 Earnings Report
Turning Point Brands' Q2 2024 results showed growth in net sales and adjusted EBITDA, driven by strong performance in Zig-Zag and Stoker's products.
Key Takeaways
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.
Adjusted EBITDA for Q2 2024 increased by 7% year-over-year, reaching $27.0 million.
Net sales for Zig-Zag and Stoker's products in Q2 2024 increased by 13% year-over-year.
The company increased its full-year 2024 adjusted EBITDA guidance to a range of $98 to $102 million.
Diluted EPS was $0.68 and Adjusted Diluted EPS was $0.89, compared to $0.53 and $0.79, respectively, in the same period one year ago.
Revenue by Segment
Forward Guidance
The Company is increasing its previous full-year 2024 adjusted EBITDA guidance from $95 to $100 million to $98 to $102 million, which excludes CDS.
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
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