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Sep 30, 2024
Turning Point Brands Q3 2024 Earnings Report
Turning Point Brands reported an increase in net sales and net income for Q3 2024, driven by strong performance in Zig-Zag and Stoker's products.
Key Takeaways
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.
Total consolidated net sales increased by 3.8% to $105.6 million.
Net income rose by 14.3% to $12.4 million.
Adjusted EBITDA increased by 11.3% to $27.2 million.
The company increased its full-year 2024 adjusted EBITDA guidance to $101 to $103 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 is increasing its previous full-year 2024 adjusted EBITDA guidance from $98 to $102 million to $101 to $103 million, excluding CDS.
Revenue & Expenses
Visualization of income flow from segment revenue to net income