Welcome to our dedicated page for Turning Point Brands news (Ticker: $TPB), a resource for investors and traders seeking the latest updates and insights on Turning Point Brands stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Turning Point Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Turning Point Brands's position in the market.
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.