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Dec 31, 2023
Turning Point Brands Q4 2023 Earnings Report
Turning Point Brands' Q4 2023 results reflected a mix of segment performances with overall sales declining but profitability improving.
Key Takeaways
Turning Point Brands reported a decrease in net sales for Q4 2023, but experienced growth in gross profit, net income, and adjusted EBITDA. Stoker's Products saw strong sales growth, while Zig-Zag Products sales decreased slightly. The company is focused on strategic initiatives and expects solid growth in Zig-Zag and Stoker's Products businesses in 2024.
Total consolidated net sales decreased by 6.1% to $97.1 million.
Net income increased $26.4 million to $10.1 million.
Adjusted EBITDA increased 7.5% to $24.8 million.
Stoker's Products net sales increased by 18.6%.
Revenue by Segment
Forward Guidance
Management expects full-year 2024 adjusted EBITDA to be $95 to $100 million, excluding any contribution from the CDS business.
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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