Turning Point Brands Announces First Quarter 2024 Results
Turning Point Brands, Inc. (TPB)
Last turning point brands, inc. earnings: 4/28 07:30 am
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US:NYSE Investor Relations:
turningpointbrands.com/investor-relations
Company Research
Source: Business Wire
-Q1 2024 Adjusted EBITDA of $25.3 million, up 22% over prior year- Net Sales for Q1 2024 Zig-Zag and Stoker’s Products Increased 10% Year-Over-Year-Company reaffirms full-year 2024 adjusted EBITDA guidance of $95 to $100 million. LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, 2024.Q1 2024 vs. Q1 2023Total consolidated net sales decreased 3.9% to $97.1 millionZig-Zag Products net sales increased by 11.5%Stoker’s Products net sales increased by 8.0%Creative Distribution Solutions net sales decreased by 44.9%Gross profit increased 6.8% to $51.9 millionNet income increased 58.1% to $12.0 millionAdjusted net income increased 29.8% to $15.4 million (see Schedule B for a reconciliation to net income)Adjusted EBITDA
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TPB
Earnings
- 11/8/23 - Beat
TPB
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- TPB's page on the SEC website