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

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

Turning Point Brands Announces First Quarter 2019 Results

May 1, 2019 7:30 AM EDT

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP) and adult consumer alternatives, today announced financial results for the first quarter ended March 31, 2019.

Results at a Glance

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... More