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Turning Point Brands, Inc. (TPB) is a prominent manufacturer and marketer of consumer products, specifically focusing on the Other Tobacco Products (OTP) market in the United States. The company's diverse portfolio includes moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make-your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. TPB operates through three main segments: Zig-Zag products, Stoker's products, and NewGen products, with the Zig-Zag segment contributing the most to its revenue.
National Tobacco Company (NTC), a key division of TPB, is renowned for its innovative marketing and manufacturing of tobacco products. NTC's wide-ranging catalog includes over 150 tobacco items, featuring popular brands such as Zig-Zag®, Stoker’s®, and Beech-Nut®. As a leader in cigarette papers and cigar wraps distribution, and the second-largest distributor of loose-leaf chewing tobacco in the U.S., NTC plays a crucial role in TPB's market presence.
TPB's commitment to growth and innovation is evident in its ongoing projects and strategic partnerships. The company continually seeks to expand its product offerings and enhance its distribution network. Financially, TPB remains stable and is dedicated to delivering value to its shareholders through strategic business decisions and innovative product development.
For the latest updates and comprehensive information about Turning Point Brands, Inc., including recent achievements, ongoing projects, and financial performance, visit http://www.zigzag.com.
Tucker Carlson has launched ALP, a new nicotine pouch brand, through a 50/50 joint venture between Tucker Carlson Network and Turning Point Brands (NYSE: TPB). The product line features three nicotine strengths (3mg, 6mg, and 9mg) and four flavors: Chilled Mint, Mountain Wintergreen, Refreshing Chill, and Tropical Fruit. The product aims to provide a premium, discreet nicotine alternative without the mess and odor of traditional tobacco products. ALP is available for preorder online with launch discounts, and a portion of profits will support various charitable causes.
Turning Point Brands (TPB) reported strong Q3 2024 results with consolidated net sales increasing 3.8% to $105.6 million. The company's Adjusted EBITDA grew 11.3% to $27.2 million, while net income rose 14.3% to $12.4 million. Zig-Zag Products segment (47% of sales) grew 5.5%, and Stoker's Products (39% of sales) increased 12.1%. The company raised its full-year 2024 adjusted EBITDA guidance to $101-103 million. TPB ended the quarter with $33.6 million in cash and total liquidity of $92.4 million.
Turning Point Brands (NYSE: TPB), a manufacturer and distributor of branded consumer products including alternative smoking accessories and consumables, has announced a quarterly dividend of $0.07 per common share. The dividend will be paid on January 10, 2025, to shareholders of record as of the close of business on December 20, 2024.
Zig-Zag, a leading rolling papers company, has launched four new flavors of 100% tobacco-free hemp wraps: Sour Squeeze, Georgia Peach, Summer Slice, and Mellow Haze. These innovative wraps are designed to enhance the smoking experience with smooth, slow-burning properties and exceptional draw. Each pack includes two premium wraps and a packing straw.
The new hemp wraps are available in 25-pack cartons online for $24.75 and in retail 2-packs nationwide. They are vegan, non-GMO, and made with organic herbal/hemp flower sourced from fair labor farms. Zig-Zag offers 8 SKUs, including 4 SKUs NPP and 4 SKUs 2/$0.99, with pre-priced options available in select markets/retail only.
Turning Point Brands (NYSE: TPB) reported strong Q2 2024 results, with adjusted EBITDA up 7% to $27.0 million. Net sales increased 2.8% to $108.5 million, driven by solid performance in Zig-Zag Products (+8.0%) and Stoker's Products (+18.5%). Net income rose 31.0% to $13.0 million, with diluted EPS of $0.68. The company increased its full-year 2024 adjusted EBITDA guidance to $98-$102 million.
Zig-Zag Products segment showed growth in North American Papers & Wraps and cigars. Stoker's Products segment benefited from high teens growth in MST and triple-digit growth in FRE nicotine pouches. The company ended the quarter with total liquidity of $201.0 million and retired $118.5 million of convertible notes on July 15, 2024.
Turning Point Brands (NYSE: TPB), a manufacturer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, has declared a regular quarterly dividend of $0.07 per common share. The dividend will be payable on October 4, 2024, to shareholders of record at the close of business on September 13, 2024. This announcement demonstrates TPB's commitment to providing consistent returns to its shareholders and may indicate the company's financial stability and confidence in its future performance.
Turning Point Brands (NYSE: TPB) has announced its upcoming second quarter 2024 earnings conference call, scheduled for Thursday, August 1st, 2024, at 10:00 a.m. Eastern. The company will discuss its financial results with the investment community during this call. Analysts and professional investors can participate by dialing (888) 330-2502 (U.S., toll-free) or (240) 789-2713 (International), using the Event ID: 6640134. Participants are advised to dial in at least 10 minutes before the call starts. Additionally, a live webcast of the call will be available on the company's investor relations website, with a replay accessible two hours after the call concludes.
Turning Point Brands, Inc. announced strong Q1 2024 results with Adjusted EBITDA of $25.3 million, up 22% YoY, and net sales for Zig-Zag and Stoker's Products increased 10% YoY. The company reconfirmed its full-year 2024 adjusted EBITDA guidance of $95 to $100 million. Total net sales decreased by 3.9% to $97.1 million, with gross profit up by 6.8% to $51.9 million. Net income increased by 58.1% to $12.0 million. Diluted EPS was $0.63 compared to $0.41 in the previous year.
Turning Point Brands, Inc. declared a regular quarterly dividend of $0.07 per common share, payable on July 5, 2024, to shareholders of record on June 14, 2024.
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