Turning Point Brands Announces Fourth Quarter and Full Year 2019 Results

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Go back to Turning Point Brands Announces Fourth Quarter and Full Year 2019 Results

Turning Point Brands, Inc. (TPB) Misses Q4 EPS by 5c, Revenues Miss; Provides FY20 Revenue Outlook

February 26, 2020 7:37 AM EST

Turning Point Brands, Inc. (NYSE: TPB) reported Q4 EPS of $0.41, $0.05 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $80.2 million versus the consensus estimate of $82.37 million.

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

Net sales decreased 14.9% to $80.2 million;Gross profit decreased 68.3% to $12.3 million as a result of certain restructuring expenses;Net income decreased $17.2 million to a net loss of $12.3 million primarily as a result of $24.7 million of fourth quarter restructuring costs;Adjusted EBITDA decreased 17.3% to $14.2 million (see Schedule A for a reconciliation to... More