The Board of Directors of Turning Point Brands, Inc. declared a regular quarterly dividend of $0.08 per common share. This is a 7% increase over the regular quarter dividend declared in November 2025. The dividend is payable on April 10, to shareholders of record on the close of business on March 20.
Tag: Turning Point Brands
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Turning Point to Host Q4, FY25 Financial Call March 2
Turning Point Brands, Inc. announced it will host a conference call on March 2, at 9 a.m. ET to review its fourth quarter and full-year 2025 results. Those interested can join via toll-free 800-715-9871 or international 646-307-1963 using Event ID 6640134, with participants asked to dial in at least 10 minutes early. The call will also be webcast live in listen-only mode through the investor relations section of the company’s website, with a replay available approximately two hours after the event.
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Stoker’s Offers Two New Dips
Stoker’s launched Stoker’s Proud, a new sub-brand “aimed at meeting growing demand for high-quality, value-priced smokeless tobacco.” Made with 100% American-grown tobacco from Kentucky and Tennessee and manufactured in the United States, Stoker’s Proud features a more traditional long cut format and is positioned as a complementary offering to the flagship Stoker’s line, the company says. The new products are available in two styles — Damn Straight, Long Cut and American Wintergreen, Long Cut — packaged in a classic 1.2-ounce can with an embossed metal lid.
Thomas Helms III, senior brand director at Stoker’s, said the launch allows the company to serve consumers seeking more affordable options while maintaining its American-made heritage and product standards.
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Turning Point’s Q4 Beats Estimates
Turning Point Brands published fourth-quarter earnings with an investor presentation on its website yesterday that saw a decrease from last year but exceeded analysts’ expectations. It posted adjusted earnings per share of $0.98, surpassing the consensus estimate of $0.70. Revenue came in at $93.7 million, below the $102.28 million analysts were expecting. Its $104.5 million adjusted EBITDA FY 2024 was a 12.0% increase from 2023.
For the fourth quarter, Turning Point saw net sales increase 12.8% YoY to $93.7 million, with an adjusted EBITDA of $26.2 million, up 5.3% over prior year. The Zig-Zag segment grew 1.8% while Stoker’s products jumped 25.8%. Turning Point Brands ended the quarter with $46.2 million in cash and $57.4 million available on its revolving credit facility.
“We were pleased with our fourth quarter and full year 2024 results and the momentum we are seeing across the organization,” said Graham Purdy, President and CEO.
Looking ahead, the company projects full-year 2025 adjusted EBITDA of $108 million to $113 million. It also expects combined Modern Oral sales of $60 million to $80 million.
The company’s shares were up 5.60% in premarket trading today following the release.
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Tucker Carlson Launches Nicotine Pouch
Tucker Carlson has launched his own nicotine pouch brand, ALP, which the conservative American commentator touts as “the first nicotine pouch brand made by and for adults who unapologetically love nicotine.”
ALP will be sold, marketed and distributed through ALP Supply Co., a newly formed 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands. The product comes in three nicotine strengths—3 mg, 6 mg and 9 mg—and in four distinct styles, including Chilled Mint, Mountain Wintergreen, Refreshing Chill and Tropical Fruit.
“There’s no reason consumers should be forced to buy nicotine pouches from soulless, pronoun loving, politicized conglomerates that despise them and their culture,” said Carlson in a statement. “With ALP, they now have an alternative that is delicious and far better than Zyn, which in case you haven’t noticed is as dry as a teabag.”
A portion of ALP profits will go to charities that align with the values of its consumers, such as forest restoration, protecting former K9 servicemembers and funding trade school scholarships for Americans.
According to an earlier article in The Wall Street Journal, Carlson decided to enter the tobacco business because of the way Zyn manufacturer Philip Morris International responded to an off-color remark he made in 2023 about America’s bestselling nicotine pouch.
Until recently, Carlson styled himself as an unofficial spokesman for Zyn. He talked up the brand on frequent podcast appearances. “The truth is, Zyn is a powerful work enhancer and also a male enhancer, if you know what I mean,” Carlson told comedian Theo Von in an interview last October.
Carlson’s representatives then pitched PMI on forming a partnership with the brand. The multinational declined, citing Carlson’s commentary.
“While we understand that these may be Mr. Carlson’s views or made in jest, these statements lack a scientific foundation,” the tobacco company wrote. “Given Mr. Carlson’s popularity and reach, these statements could promote a misunderstanding and misuse of our products.”
Carlson said the message enraged him.
“Of course I wasn’t making a medical claim about their product. I was just joking,” he told The Wall Street Journal. “So I thought: ‘I’m going to launch my own product that’s not controlled by, you know, humorless, left-wing drones.’”
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Sales and Profits up at TPB
Stoker’s MST continued to grow share while FRE sales more than quadrupled versus last year’s quarter.
Turning Point Brands (TPB) announced financial results for the third quarter ended Sept. 30, 2024.
Total consolidated net sales increased 3.8 percent to $105.6 million compared to the third quarter of 2023. Zig-Zag product net sales increased 5.5 percent during the same period. Stoker’s product net sales increased 12.1 percent. Creative Distribution Solutions net sales decreased 17.4 percent.
Gross profit increased 4 percent to $53.7 million compared to 2023. Net income increased 14.3 percent to $12.4 million. Adjusted net income increased 9.8 percent to $15.9 million. Adjusted EBITDA increased 11.3 percent to $27.2 million.
“We were pleased by our third-quarter results,” said TPB president and CEO Graham Purdy in a statement. “We believe Zig-Zag is on a sustainable growth trajectory. Stoker’s MST continued to grow market share while FRE sales more than quadrupled versus year-ago and grew 26 percent sequentially as we continue to expand our national footprint.”
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Turning Point Announces Results
Photo: David Turning Point Brands (TPB) announced financial results for the second quarter ended June 30, 2024.
Total consolidated net sales increased 2.8 percent to $108.5 million compared to the previous year period. Zig-Zag product net sales increased 8 percent. Stoker’s product net sales increased 18.5 percent. Creative Distribution Solutions (CDS) net sales decreased 33 percent. Gross profit increased 2.6 percent to $53.8 million. Net income increased 31 percent to $13 million. Adjusted net income increased 12.2 percent to $17.2 million. Adjusted EBITDA increased 6.9 percent to $27 million.
“We were pleased by our second-quarter results,” said President and CEO Graham Purdy in a statement. “We achieved our highest quarterly EBITDA since the second quarter of 2021. We believe Zig-Zag is on a sustainable growth trajectory, and Stoker’s MST continues to grow market share. In addition, sales of FRE, our modern oral nicotine pouch, grew 76 percent sequentially as we continue to expand our national footprint.”
The company is increasing its previous full-year 2024 adjusted EBITDA guidance from $95 to $100 million to $98 to $102 million, which excludes CDS.
For the second quarter, CDS net sales were $15.3 million, gross profit was $3.4 million and gross margin was 22.5 percent.
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Sales Down, Profit up at Turning Point Brands
Turning Point Brands announced financial results for the first quarter ended March 31, 2024.For the first quarter of 2024, total consolidated net sales decreased 3.9 percent to $97.1 million compared to the first quarter of 2023.
Zig-Zag products net sales increased by 11.5 percent compared to the previous year. Stoker’s products net sales increased by 8 percent compared to 2023.
Creative Distribution Solutions net sales decreased by 44.9 percent compared to the same period the previous year.
Gross profit increased 6.8 percent to $51.9 million compared to the previous year period. Net income increased 58.1 percent to $12 million. Adjusted net income increased 29.8 percent to $15.4 million. Adjusted EBITDA increased 21.6 percent to $25.3 million.
“We are encouraged by our first-quarter results,” said President and CEO Graham Purdy in a statement “We believe the execution of our strategy has Zig-Zag back on a sustainable growth trajectory; Stoker’s continued to grow and improved its market share; and the national launch of our FRE Modern Oral product is off to a good start.”
“We were encouraged by the outsized performance of the alternative channel in the quarter,” said Purdy. “Our ongoing efforts continue to demonstrate progress toward sustainably growing the Zig-Zag brand.”
The company is maintaining its previous expectation of full-year 2024 adjusted EBITDA of $95 million to $100 million.
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Turning Point Appoints Andrew Flynn CFO
Image: motortion Turning Point Brands (TPB) has appointed Andrew Flynn as the company’s new chief financial officer (CFO), effective on or before April 1, 2024. Flynn is replacing Louie Reformina, who will step down to pursue other opportunities.
Prior to joining Turning Point Brands, Flynn served as the CFO of Connected Cannabis Co., where he was responsible for bringing sustained profitable growth, expanding geographically and recapitalizing the company. In this role, Flynn operationalized and reshaped the finance, IT, legal and compliance organizations to meet business objectives. Before joining Connected, he served as senior vice president of Juul Labs. Earlier in his career, he served as vice president of finance at James Hardie Building Products and vice president of finance at Arrow Electronics. Flynn holds a Bachelor of Science degree from Indiana University and a Master of Business Administration degree from the University of Colorado Denver.
“Turning Point Brands is one of the most innovative and well-capitalized companies in the industry. TPB’s iconic Zig-Zag and Stoker’s brands and market-leading distribution platform set it apart in this rapidly evolving space. As CFO, I look forward to working with the board and management team to maximize long-term shareholder value,” said Flynn.
“Andrew has led key initiatives across all areas of finance and broader strategic planning throughout his career. His diverse operating background and industry expertise ideally positions him to help us maximize the value of our brands, continue to modernize our organization, and grow our free cash flow,” said Graham Purdy, Turning Point Brands’ president and CEO.
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TPB Announces Financial Results
Photo: Summit Art Creations Turning Point Brands announced financial results for the fourth quarter and full year ended Dec. 31, 2023.
Total consolidated net sales decreased 6.1 percent in the fourth quarter of 2023 to $97.1 million. Zig-Zag Products net sales decreased by 2.9 percent. Stoker’s Products net sales increased by 18.6 percent. Creative Distribution Solutions net sales decreased by 43.7 percent. Gross profit increased 1.9 percent to $50.5 million. Net income increased $26.4 million to $10.1 million. Adjusted net income increased 15.9 percent to $15.3 million. Adjusted EBITDA increased 7.5 percent to $24.8 million.
“Our fourth-quarter results were at the high end of our expectations,” said TPB President and CEO Graham Purdy in a statement. “The Zig-Zag segment was stable from the previous year, excluding the impact of a discontinued product line, and is well positioned to return to growth in 2024. Stoker’s had an outstanding quarter, posting its highest growth rate in over four years led by double-digit growth year-over-year in Stoker’s MST. We also had strong free cash flow generation during the year, allowing us to build a cash balance to address the remaining principal amount of our convertible notes at maturity in July. Our outlook for 2024 is positive as we expect solid growth in our Zig-Zag and Stoker’s Products businesses.
“Our U.S. Zig-Zag papers and alternative channel business posted a strong quarter with double-digit growth to close the year. With the reduction of trade inventory through the year, Zig-Zag is now positioned to return to growth aided by industry secular growth trends and internal growth initiatives.”
“Stoker’s had an exceptional quarter with strong market share gains in both the MST and loose-leaf categories as its value proposition continues to resonate with consumers,” continued Purdy. “We are excited about the planned expansion of our FRE white nicotine pouch product throughout the year.”