Turning Point Brands Announces Third 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
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
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News
- Turning Point Brands, Inc. (NYSE: TPB) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Turning Point Brands, Inc. (NYSE: TPB) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $70.00 price target on the stock, up previously from $55.00.MarketBeat
- Turning Point Brands, Inc. (NYSE: TPB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Here's Seven Corners Capital's Updates on Turning Point Brands (TPB) [Yahoo! Finance]Yahoo! Finance
- Turning Point Brands, Inc. (NYSE: TPB) had its price target raised by analysts at Craig Hallum from $60.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
TPB
Earnings
- 11/7/24 - Beat
TPB
Sec Filings
- 12/13/24 - Form 8-K
- 12/13/24 - Form 424B5
- 11/14/24 - Form SC
- TPB's page on the SEC website