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Turning Point Brands (TPB)
NYSE:TPB
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.69Last Year’s EPS
0.53Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 10.75%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a largely positive outlook with several key areas of growth and increased guidance. However, there are some challenges such as the decline in the lighter category and gross margin pressure. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Q3 2024 earnings call for Turning Point Brands (TPB), the company provided an optimistic update on its financial outlook, raising its full-year adjusted EBITDA guidance to a range of $101 million to $103 million, up from the previous guidance of $98 million to $102 million. This adjustment reflects a strong quarter, with consolidated sales up 3.8% to $105.6 million and adjusted EBITDA increasing by 11% to $27.2 million. The company's Zig-Zag brand reported a 6% revenue increase to $49.3 million, while Stoker's saw a 12% rise to $41.4 million. Additionally, the introduction of new nicotine strengths in their Free brand is anticipated to drive further growth into 2025. The call highlighted robust performance across various segments, despite challenges in the lighter category, and emphasized the strategic expansion into alternative sales channels and new product lines.Improved Financial Performance
Adjusted EBITDA increased 11% to $27.2 million for the quarter. The company has increased its guidance for full year 2024 adjusted EBITDA to $101 million to $103 million from a prior guidance of $98 million to $102 million.
Strong Zig-Zag and Stoker's Performance
Zig-Zag revenue increased 6% to $49.3 million. Stoker's revenue increased 12% to $41.4 million, with significant growth in free sales up 342% to approximately $5 million for the quarter.
Expansion and Growth in Alternative Channels
Zig-Zag experienced low double-digit growth within alternative channels both sequentially and year-to-date versus a year ago. The company is leveraging its diverse SKU portfolio to offer a one-stop shop for accessory needs.
Positive Consumer Feedback on New Products
Encouraging consumer feedback has led to the expansion of free into 3-milligram and 6-milligram categories, representing over 70% of category volumes.
Solid Financial Health
The company ended the quarter with over $33 million of cash and generated free cash flow of $12.6 million for the quarter, with year-to-date free cash flow at $45.8 million.
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TPB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $50.98 | $49.54 | -2.82% |
| Aug 01, 2024 | $37.61 | $38.11 | +1.33% |
| May 02, 2024 | $29.04 | $32.40 | +11.57% |
| Feb 28, 2024 | $22.78 | $24.50 | +7.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Turning Point Brands (TPB) report earnings?
Turning Point Brands (TPB) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Turning Point Brands (TPB) earnings time?
Turning Point Brands (TPB) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPB EPS forecast?
TPB EPS forecast for the fiscal quarter 2024 (Q4) is 0.69.
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