Welcome to our dedicated page for Turning Pt Brands news (Ticker: TPB), a resource for investors and traders seeking the latest updates and insights on Turning Pt Brands stock.
Turning Point Brands, Inc. reports news around its branded consumer products portfolio, including Zig-Zag smoking accessories, Stoker’s products, and Modern Oral nicotine offerings such as FRE nicotine pouches. Company updates commonly cover segment sales trends, gross profit, adjusted EBITDA, guidance, and the allocation of commercial resources across legacy tobacco-related brands and white pouch products.
Recurring developments also include regular common stock dividends, earnings conference calls, investor communications, and brand marketing partnerships for FRE. Recent product-related announcements have centered on sports and retail activations that expand the visibility and distribution of TPB’s modern oral portfolio among adult nicotine consumers.
Turning Point Brands (TPB) reported FY 2022 financial results, with total net sales declining 6.8% to $415 million. Q4 2022 saw a 1.8% decrease in consolidated net sales to $103.4 million, influenced by an 11.1% drop in NewGen net sales. Combined Zig-Zag and Stoker’s Products net sales rose 1.6%. Gross profit decreased 5.6% to $205.5 million, while net income fell to $11.6 million, impacted by $41.1 million in non-cash asset impairments. The company aims for adjusted EBITDA of $88 to $94 million in 2023. CEO Graham Purdy emphasized a strategic shift towards organic growth initiatives.
The Board of Directors of Turning Point Brands (NYSE: TPB) has declared a quarterly dividend of $0.065 per common share, reflecting an 8% increase from November 2022. This dividend is payable on April 7, 2023, for shareholders of record on March 17, 2023. Turning Point Brands specializes in branded consumer products including alternative smoking accessories and consumables, with products available in over 215,000 retail locations across North America.
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.