Turning Pt Brands Inc - TPB STOCK NEWS

Turning Point Brands (NYSE: TPB) has announced its upcoming conference call to discuss fourth quarter and fiscal year 2024 results, scheduled for Thursday, March 6, 2024, at 10:00 a.m. Eastern. Analysts and professional investors can participate through toll-free U.S. number (800) 715-9871 or international number (646) 307-1963, using Event ID: 6640134.

Participants are advised to dial in at least 10 minutes before the call. A live webcast will be available through the company's investor relations website, with a replay accessible two hours after the call concludes.

DMC Global (NASDAQ: BOOM) has rejected a non-binding proposal from Steel Connect to acquire outstanding shares at $10.18 per share in cash. The board determined the proposal undervalues DMC's business and future potential, citing several key factors:

The proposal fails to account for Arcadia's turnaround potential under returning president Jim Schladen and its position to participate in Southern California wildfire reconstruction. It also doesn't reflect DynaEnergetics' improvements, including automated manufacturing and value engineering initiatives set to benefit in 2025.

The company announced that Q4 sales and adjusted EBITDA are expected to exceed the high end of guidance. DMC has successfully negotiated an extension of its Arcadia joint venture 'put option' obligations until September 2026, providing flexibility for debt reduction and refinancing. A CEO search is currently underway with assistance from an executive search firm.

ALP, a new premium nicotine pouch brand co-founded by Tucker Carlson, has officially launched its online sales platform at alppouch.com following successful pre-launch sales. The product aims to revolutionize the nicotine pouch market with superior quality and user experience. According to a Nicokick survey, 86% of current U.S. nicotine pouch users indicated they would likely switch to ALP. The product promises a smooth nicotine release and a cleaner experience compared to traditional tobacco products.

The company reports that pre-orders have significantly exceeded initial expectations and forecasts. ALP is now available for purchase in various quantities, from individual tins to pallets, with direct-to-consumer delivery.

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.