Turning Point Brands, Inc. Announces Fourth Quarter and Full Year 2018 Results
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UPDATE: Turning Point Brands, Inc. (TPB) Reports In-Line Q4 EPS, Revenues Beat; Offers 1Q & FY19 Revenue Mid-Point Guidance Above Consensus
March 5, 2019 7:33 AM EST(Updated March 5, 2019 7:35 AM EST - Included 1Q Revenue Guidance and Updated Headline)
Turning Point Brands, Inc. (NYSE: TPB) reported Q4 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter came in at $94.2 million versus the consensus estimate of $91.7 million.
Net sales increased 28.2% to a record $94.3 million;Gross profit increased 20.1% to a record $38.7 million;Net income increased 41.6% to $5.0 million;Adjusted EBITDA increased 16.6% to $17.2 million (see Schedule A for a reconciliation to net income);Diluted EPS of $0.25 and Adjusted Diluted EPS of $0.49 as compared to $0.18... More