Turning Point Brands, Inc. (TPB) Misses Q2 EPS by 2c, Miss on Revenues
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Turning Point Brands, Inc. Announces Second Quarter 2018 Results
August 8, 2018 7:00 AM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP), today announced financial results for the second quarter ended June 30, 2018.
Second Quarter 2018 Results at a Glance(Comparisons vs. same period year-ago)
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)... More