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

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Turning Point Brands Announces Fourth Quarter and Full Year 2019 Results

February 26, 2020 7:30 AM EST

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 fourth quarter and full year ended December 31, 2019.

Results at a Glance

Fiscal Year Ending December 31, 2019
(Comparisons vs. same period year-ago)

Net sales increased 8.8% to $362.0 million; Gross profit decreased 4.1% to $136.7 million as a result of certain restructuring expenses; Net income decreased $11.5 million to $13.8 million primarily as a result of $24.7 million of fourth quarter restructuring... More