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Stock impact report

Turning Point Brands Announces Fourth Quarter and Full Year 2019 Results

Turning Point Brands, Inc. (TPB) 
Last turning point brands, inc. earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands (NYSE: TPB), a leading provider of Other Tobacco Products (“OTP”) and adult consumer alternatives, today announced financial results for the fourth quarter and full year ended December 31, 2019.Results at a GlanceFiscal Year Ending December 31, 2019(Comparisons vs. same period year-ago)Net sales increased 8.8% to $362.0 million;Gross profit decreased 4.1% to $136.7 million as a result of certain restructuring expenses;Net income decreased $11.5 million to $13.8 million primarily as a result of $24.7 million of fourth quarter restructuring costs;Adjusted EBITDA increased $2.7 million to $67.3 million (see Schedule A for a reconciliation to net income); andDiluted EPS of $0.69 and Adjusted Diluted EPS of $1.86 as compared to $1.28 and $1.79 in the year-ago period, respectively (see Schedule C for a reconciliation to Diluted EPS)Fourth Quarter 2019(Comparisons vs. same period year-ago)Net sales decreased 14.9% to $80.2 million;Gr Show less Read more
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