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Stock impact report

Turning Point Brands Announces Third Quarter 2024 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
Q3 2024 Adjusted EBITDA of $27.2 million, up 11% over prior yearZig-Zag and Stoker’s Products Net Sales for Q3 2024 Increased 8% Year-Over-YearCompany increases full-year 2024 adjusted EBITDA guidance to $101 to $103 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, today announced financial results for the third quarter ended September 30, 2024.Q3 2024 vs. Q3 2023Total consolidated net sales increased 3.8% to $105.6 millionZig-Zag Products net sales increased 5.5%Stoker’s Products net sales increased 12.1%Creative Distribution Solutions net sales decreased 17.4%Gross profit increased 4.0% to $53.7 millionNet income increased 14.3% to $12.4 millionAdjusted net income increased 9.8% to $15.9 million (see Schedule B for a reconciliation to net income)Adjusted EBITDA increased Show less Read more
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