Turning Point Brands Announces Fourth Quarter and Full Year 2023 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
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Source: Business Wire
-Net Sales for Q4 2023 Zig-Zag and Stoker’s Products Increased 5.9 Percent Year-Over-Year-Adjusted EBITDA for Q4 2023 of $24.8 Million Increased 7.5 Percent Year-Over-Year-FY 2023 Free Cash Flow of $61.2 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 fourth quarter and full year ended December 31, 2023.Q4 2023 vs. Q4 2022Total consolidated net sales decreased 6.1% to $97.1 millionZig-Zag Products net sales decreased by 2.9%Stoker’s Products net sales increased by 18.6%Creative Distribution Solutions net sales decreased by 43.7%Gross profit increased 1.9% to $50.5 millionNet income increased $26.4 million to $10.1 millionAdjusted net income increased 15.9% to $15.3 million (see Schedule B for a reconciliation to net income)Adjusted
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News
- Turning Point Brands: Stable Business With Great Cash Flow Yield [Seeking Alpha]Seeking Alpha
- Turning Point Brands, Inc. (NYSE: TPB) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Turning Point Brands, Inc. (NYSE:TPB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Turning Point Brands (NYSE:TPB) Has Announced A Dividend Of $0.07 [Yahoo! Finance]Yahoo! Finance
- Turning Point Brands, Inc. (NYSE: TPB) had its price target raised by analysts at Benchmark Co. from $34.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
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