Turning Point Brands, Inc. (TPB) Misses Q3 EPS by 6c, Beats on Revenues

Turning Point Brands, Inc. (NYSE: TPB) reported Q3 EPS of $0.38, $0.06 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $73.3 million versus the consensus estimate of $71.15 million.

Third Quarter 2017(Comparisons vs. same period year-ago)

• Net sales increased 43.9% to a record $73.3 million
• Gross profit increased 33.8% to a record $32.9 million
• Net income was $7.4 million, up $0.6 million from a year-ago
• Adjusted EBITDA increased 16.0% to a record $15.9 million (see Schedule A for a reconciliation to net income)
• Other highlights from the third quarter:
  • Increased retail market share in both Stoker’s Moist Snuff Tobacco (“MST”) and chewing tobacco according to MSAi. Management Science Associates, Inc. (“MSAi”) administers a proprietary information system that captures sales from approximately 1,000 wholesalers to over 250,000 retailers. TPB measures “MST” excluding pouch and snus products.
  • Zig-Zag maintained strong, industry leading shares in Make-Your-Own (“MYO”) cigar wraps and premium cigarette papers
  • The quarter had one fewer shipping day to the trade versus 2016

For earnings history and earnings-related data on Turning Point Brands, Inc. (TPB) click here.

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