Turning Pt Brands Inc Stock Price, News & Analysis

Turning Point Brands (NYSE: TPB) has scheduled a conference call for February 24, 2023, at 10:00 a.m. Eastern to discuss its fourth quarter and fiscal year 2022 results with investors. Analysts can participate via phone or listen to a live webcast through the company’s investor relations website. The call will offer insights into the company's performance, and a replay will be available shortly after.

Turning Point Brands is a manufacturer and marketer of alternative smoking products and accessories, with a presence in over 215,000 retail locations across North America.

Rithm Capital Corp. (NYSE:RITM) has appointed Peggy Hwan Hebard as an independent Board member, effective January 1, 2023. This strategic addition aims to bolster the Board's expertise in financial services and corporate advisory, enhancing Rithm's growth trajectory. Hebard’s extensive background includes roles at the Children's Museum of Manhattan and The Metropolitan Museum of Art. She brings valuable experience from the finance sector, signaling potential for improved strategic direction and shareholder value.

The Board of Directors of Turning Point Brands (TPB) declared a regular quarterly dividend of $0.06 per common share, payable on January 6, 2023, to shareholders of record as of December 16, 2022. This announcement highlights the company’s ongoing commitment to returning value to its shareholders while operating in the branded consumer products market, including alternative smoking accessories. TPB products are widely available across North America, reinforcing its strong market presence.

Turning Point Brands, Inc. (TPB) reported its Q3 2022 financial results, showing a 1.9% decrease in net sales to $107.8 million. The Zig-Zag and Stoker’s products drove a 17.7% increase in sales, while NewGen sales fell 40.3%. Gross profit declined 2.9% to $52.7 million, with net income down 14.3% to $11.5 million. Adjusted EBITDA also decreased 6.7% to $24.5 million. The company adjusted its full-year outlook, anticipating Zig-Zag sales between $186 million and $191 million.

Turning Point Brands (NYSE: TPB) appoints Graham Purdy as CEO effective October 16, 2022, following Yavor Efremov's resignation. Purdy, with nearly two decades at the company, aims to enhance brand value and shareholder returns. The company reports preliminary Q3 2022 net sales between $106 million and $108 million, and updated full-year revenue forecasts for Zig-Zag products down to $186-$191 million. The outlook for Stoker's products remains stable at $128-$132 million, while adjusted EBITDA is revised to $96-$99 million.

Turning Point Brands (NYSE: TPB) has scheduled a conference call to discuss its second quarter 2022 results on Wednesday, October 26, 2022, at 8:30 a.m. Eastern. The call aims to engage with analysts and investors. Participants can join via a toll-free number (888) 330-2502 in the U.S. or Internationally at (240) 789-2713, using Event ID 6640134. For those unable to attend, a live audio webcast will be available on the company’s website with a replay available two hours post-call.

The Board of Directors of Turning Point Brands (NYSE: TPB) has declared a quarterly dividend of $0.06 per common share. This dividend will be paid on October 7, 2022, to shareholders of record as of September 16, 2022. Turning Point Brands specializes in the production and distribution of branded consumer products, including alternative smoking accessories, and operates through well-known brands like Zig-Zag® and Stoker’s®. Its products are offered in over 215,000 retail locations across North America.

Turning Point Brands (TPB) reported a 16.1% decline in net sales to $102.9 million for Q2 2022 compared to Q2 2021. Gross profit dropped 14.2% to $51.5 million, and net income fell 64.7% to $5.4 million. Adjusted EBITDA also decreased by 17.6% to $24.7 million. Despite challenges, Zig-Zag and Stoker’s segments remained stable, with Zig-Zag achieving a slight decrease in sales of 2.1% and Stoker’s rising by 0.7%. NewGen Products saw a significant 45.1% decline in sales. The company revised its full-year outlook due to market uncertainties.

Turning Point Brands (NYSE: TPB) scheduled a conference call for July 27, 2022, at 8:30 a.m. Eastern Time to discuss its second quarter 2022 results with investors. Interested participants can register using the U.S. toll-free number (888) 330-2502 or the international line (240) 789-2713, entering Event ID 6640134. A live webcast will also be available on the company’s website, with a replay accessible two hours after the call.

Turning Point Brands manufactures a variety of consumer products, including alternative smoking accessories, available in over 215,000 retail outlets across North America.