Turning Point Brands, Inc. (TPB) to Explore Strategic Alternatives for Third-Party Vaping Distribution Business

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. TSCO
9. BE
10. SPY

Go back to Turning Point Brands, Inc. (TPB) to Explore Strategic Alternatives for Third-Party Vaping Distribution Business

Turning Point Brands Announces Third Quarter 2019 Results and Explores Strategic Alternatives for Third-Party Vaping Distribution Business

November 1, 2019 7:00 AM EDT

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands (NYSE: TPB), a leading provider of Other Tobacco Products (OTP) and adult consumer alternatives, today announced financial results for the third quarter ended September 30, 2019.

Results at a Glance

Third Quarter 2019

(Comparisons vs. same period year-ago)

Net sales increased 16.1% to $96.8 million; Gross profit increased 18.2% to $42.8 million; Net income decreased $1.7 million to $6.3 million; Adjusted EBITDA increased 14.0% to $18.8 million (see Schedule A for a reconciliation to net income); Diluted EPS of $0.31 and Adjusted... More