Turning Point Brands, Inc. (NYSE: TPB) reported Q2 EPS of $0.50, $0.02 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $81.1 million versus the consensus estimate of $82.4 million.

• Net sales increased 12.5% to a record $81.1 million
• Gross profit increased 11.8% to a record $35.8 million
• Net income attributable to Turning Point Brands, Inc. increased 25.3% to $9.3 million
• Adjusted EBITDA was $17.2 million (see Schedule A for a reconciliation to net income)
• Diluted EPS of $0.47 and Adjusted Diluted EPS of $0.50 as compared to $0.38 and $0.35, respectively (see Schedule D for a reconciliation to Diluted EPS)
• Other highlights from the second quarter:
  • Stoker’s MST sets another record share on strong distribution gains
  • Zig-Zag delivers double-digit sales gains in MYO cigar wraps, Canadian rolling papers and U.S. papers on new product launches
  • Vapor Shark e-liquid manufacturing and logistics integrated into Louisville facility

“We are especially pleased with our achievements in the quarter and our progress thus far in 2018,” said Larry Wexler, President and CEO. “Our focus brands, Stoker’s in smokeless, Zig-Zag in smoking and VaporBeast in NewGen each performed exceptionally well, as evidenced by robust increases in net sales and gross profit across all three of our segments, as compared to the year-ago quarter.”

For earnings history and earnings-related data on Turning Point Brands, Inc. (TPB) click here.