Turning Point Brands (TPB) Tops Q4 EPS by 8c, Offers Guidance

Turning Point Brands (NYSE: TPB) reported Q4 EPS of $0.84, $0.08 better than the analyst estimate of $0.76. Revenue for the quarter came in at $105.3 million versus the consensus estimate of $101.32 million.

GUIDANCE:

Turning Point Brands sees FY2021 revenue of $412-432 million, versus the consensus of $422 million.

Net Sales of $412 to $432 million which assumes:

• Double-digit sales growth for Zig-Zag Products
• High-single-digit sales growth for Stoker’s Products
• Mid-single-digit sales declines for NewGen Products, which includes double-digit declines for vape distribution offset by growth in Nu-X
• Vape distribution outlook assumes comparisons against COVID-related benefits in 2020, a $3 million headwind from the sale of our Vapor Shark retail stores, and continued disruption in the vape market as the FDA begins enforcement actions
• Adjusted EBITDA of $99 to $105 million

Turning Point Brands sees Q1 2021 revenue of $97-102 million, versus the consensus of $99 million.

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

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