Turning Point Brands (TPB) Tops Q1 EPS by 16c, Offers Guidance

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Go back to Turning Point Brands (TPB) Tops Q1 EPS by 16c, Offers Guidance

Turning Point Brands Announces First Quarter 2021 Results, Increases 2021 Guidance

April 27, 2021 7:30 AM EDT

-Q1 2021 Net Sales Increased 18.7% Year-Over-Year

-Q1 2021 Adjusted EBITDA Increased 57.4% 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 first quarter ended March 31, 2021.

First Quarter 2021
(Comparisons vs. same period a year-ago)

Net sales increased 18.7% to $107.6 million Gross profit increased 28.6% to $53.3 million Net income increased $7.3 million to $11.8... More