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Dec 31, 2022
Turning Point Brands Q4 2022 Earnings Report
Turning Point Brands' Q4 2022 results reflected solid segment execution amidst regulatory challenges and strategic realignments.
Key Takeaways
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.
Consolidated net sales decreased by 1.8% to $103.4 million.
Combined net sales for Zig-Zag and Stoker’s Products increased by 1.6%.
Net income decreased significantly to a loss of $16.3 million due to non-cash asset impairments.
Adjusted EBITDA decreased by 2.9% to $23.1 million.
Revenue by Segment
Forward Guidance
The Company expects full-year 2023 adjusted EBITDA to be $88 to $94 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
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