Turning Point Brands Announces First Quarter 2019 Results

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Go back to Turning Point Brands Announces First Quarter 2019 Results

Turning Point Brands, Inc. (TPB) Tops Q1 EPS by 8c, Revenues Beat; Affirms FY19 Revenue Outlook

May 1, 2019 7:35 AM EDT

Turning Point Brands, Inc. (NYSE: TPB) reported Q1 EPS of $0.43, $0.08 better than the analyst estimate of $0.35. Revenue for the quarter came in at $91.6 million versus the consensus estimate of $89 million.

First Quarter 2019
(Comparisons vs. same period year-ago)

Net sales increased 23.9% to $91.6 million;Gross profit increased 27.2% to a record $40.5 million;Net income increased $3.5 million to $6.6 million;Adjusted EBITDA increased 17.3% to $16.1 million (see Schedule A for a reconciliation to net income);Diluted EPS of $0.33 and Adjusted Diluted EPS of $0.43 as compared to $0.15 and $0.35 in the year-ago period,... More