Turning Point Brands (TPB) Reports Q1 EPS of $0.27
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Turning Point Brands, Inc. Announces First Quarter 2016 Results
June 15, 2016 6:55 AM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP) through brands such as Stokers, Zig-Zag and Primal, today announced financial results for the three months ending March 31, 2016. The companys results for the quarter are within the range of managements expectations that was included in the companys prospectus related to its initial public offering (IPO).
Net sales were $49.9 million compared to $51.1 million in the first quarter of 2015 Gross margin expanded 110 basis points to 49.4% from 48.3% in... More