TURNING PNT BRND

Turning Point Brands, Inc. (NYSE:NYSE:TPB) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ETCompany ParticipantsLouie Reformina - CFOGraham Purdy – CEOSummer Frein - Chief…

Turning Point Brands, Inc. (NYSE: TPB ) released financial results for the fourth quarter and full year ended December 31, 2022, revealing t otal consolidated net sales decreased 1.8% to $103.4 million compared to Q4 2021. Q4 2022 vs. Q4 2021 Gross profit decreased 1.5% to $49.6 million Net income decreased $27.8 million to $($16.3) million primarily due to $34.8 million non-cash asset impairments Adjusted EBITDA decreased 2.9% to $23.1 million Diluted EPS of $(0.93) and adjusted diluted EPS of $0.69 compared to $0.57 and $0.66 in the same period one pear ago, respectively Total gross debt as of December 31, 2022 was $412.5 million. The corresponding net debt (total gross debt less cash) at December … Full story available on Benzinga.com

The following slide deck was published by Turning Point Brands, Inc.

Turning Point Brands press release (TPB): Q4 Non-GAAP EPS of $0.69 beats by $0.11.Revenue of $103.4M (-1.8% Y/Y) beats by $7.19M.Adjusted EBITDA decreased 2.9% to $23.1M.At this…

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the fourth quarter and full year ended December 31, 2022. Q4 2022 vs. Q4 2021 Total consolidated net sales decreased 1.8% to $103.4 million Combined net sales for Zig-Zag and Stoker’s Products increased 1.6%

The following slide deck was published by Turning Point Brands, Inc.

Turning Point Brands found using ticker (TPB) now have 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 45 and 28 calculating the mean target price we have 39.33. With the stocks previous close at 21.69 this is indicating there is a potential upside of 81.3%. The 50 day moving average now sits at 24.7 while the 200 day moving average is 30.12. The market cap for the company is $366m. Find out more information at: https://www.turningpointbrands.com/home/default.aspx [stock_market_widget type="chart" template="basic" color="green" assets="TPB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $663m based on the market concensus. Turning Point Brands, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker''s Products, and NewGen Products.

DUBLIN , Sept. 20, 2022 /PRNewswire/ -- The "Global E-Cigarette Market: By Product Type, By Category, By Composition, By Distribution Channel, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2027" report has been added to ResearchAndMarkets.com''s offering. In 2021, the global e-cigarette market was valued at US$20.40 billion , and is probable to reach US$54.10 billion by 2027 The e-cigarette market is projected to grow at a CAGR of 17.65%, during the forecast period of 2022-2027. E-cigarettes are battery-powered devices that are considered less toxic than traditional cigarettes. Also known as e-cigs, e-vaping devices, vape pens and electronic cigarettes, these cigarettes consist of three main components, namely, a heating coil, battery and an e-liquid cartridge. These components help in delivering dosages of vaporized nicotine or flavored solutions to the users. Emergence of flavored e-cigarettes along with launch of economical HNB products, rising government initiatives to implement indoor smoking bans and escalating demand for different flavors & open vape systems by young population are some other factors that would propel the market growth for injectable in coming years.

Privately held Juul Labs Inc. dominates the U.S. e-cigarette market. Other prominent players in the industry include Turning Point Brands, Inc. (NYSE:TPB) and Philips Morris International Inc. (NYSE:PM). Considering the increasing use of electronic cigarettes and other vaping products by youngsters, U.S. regulators are stepping forward to limit the damage these products can have on their health. On Tuesday, Juul Labs agreed to pay $438.5 million as compensation to settle probes against allegations of promoting e-cigarettes among American youth. The company is accused of using advertisements and fruity flavors to lure young people.

Turning Point Brands declined by 59% due to weaker performance, riskier debt position. See why investing in TPB stock is an opportunity for long-term investors.

Ever since the equities sector got off to a rotten start this year, investors everywhere have voiced concerns about an impending recession. But now, top voices are expressing their anxieties, including Treasury Secretary Janet Yellen, who conceded that she underestimated the threat of inflation . While the transparency may be noble, the admission should get people thinking about recession-proof stocks to buy right now. Unfortunately, inflation isn’t just about higher prices at the pump or in the grocery aisle. Instead, it represents the erosion of purchasing power , a circumstance that affects everyone. Invariably, unless conditions change dramatically, companies will lose revenue from consumers tightening their belts. In turn, we could see more layoffs announced, thus incentivizing demand for the recession-proof stocks to buy. Finally, it’s not just self-anointed gurus on YouTube that are sounding the alarm on an economic downturn. Deutsche Bank, which had previously expressed concerns about a U.S. recession, doubled down on its negative prognostication in April of this year, warning about a substantial slump . 7 Long-Term Stocks to Buy That Wall Street Analysts Agree On With the Federal Reserve poised to take serious action on inflation, here are the recession-proof stocks to buy right now.

Companies Reporting Before The Bell • Deutsche Bank (NYSE: DB ) is projected to report earnings for its first quarter. • Oshkosh (NYSE: OSK ) is estimated to report quarterly earnings at $0.16 per share on revenue of $1.88 billion. • Solid Biosciences (NASDAQ: SLDB ) is projected to report quarterly loss at $0.18 per share on revenue of $2.68 million. • LG Display Co (NYSE: LPL ) is likely to report quarterly earnings at $0.02 per share on revenue of $5.58 billion. • Turning Point Brands (NYSE: TPB ) is likely to report quarterly earnings at $0.52 per share on revenue of $104.59 million. • FirstService (NASDAQ: FSV ) is estimated to report quarterly earnings at $0.71 per share on revenue of $805.30 million. • Driven Brands Hldgs (NASDAQ: DRVN ) is likely to report quarterly earnings at $0.21 per share on revenue of $437.20 million. • Steven Madden (NASDAQ: SHOO ) is projected to report quarterly earnings at $0.51 per share on revenue of $466.56 million. • Helen Of Troy (NASDAQ: HELE ) is projected to report quarterly earnings at $2.

Turning Point Brands (TPB) has raised its share repurchase authorization by $24.6M to $50M.The amount includes ~$25.4M available for repurchases under the Board''s previous…

Turning Point Brands (NYSE: TPB ) reported its Q4 earnings results on Tuesday, February 22, 2022 at 07:30 AM. Also check this: Insiders Buying These 3 Penny Stocks Here''s what investors need to know about the announcement. Earnings Turning Point Brands beat estimated earnings by Full story available on Benzinga.com

Turning Point Brands (TPB) has signed a distribution deal with lighter manufacturer, Flamagas. The deal includes exclusive distribution rights for CLIPPER lighters in the U.S