Turning Point Brands (TPB) Tops Q4 EPS by 8c, Offers Guidance

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Go back to Turning Point Brands (TPB) Tops Q4 EPS by 8c, Offers Guidance

Turning Point Brands Announces Fourth Quarter and Full Year 2020 Results

February 10, 2021 7:30 AM EST

Q4 2020 Net Sales Increased 31.2% Year-Over-Year
Q4 2020 Adjusted EBITDA Increased 80.9% Year-Over-Year

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (TPB or the Company) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, today announced financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020
(Comparisons vs. same period a year-ago)

Net sales increased 31.2% to $105.3 million Gross profit increased 321.8% to $51.8 million partly the result of certain restructuring... More