Turning Point Brands (TPB) Tops Q4 EPS by 24c

Turning Point Brands (NYSE: TPB) reported Q4 EPS of $0.66, $0.24 better than the analyst estimate of $0.42. Revenue for the quarter came in at $105.3 million versus the consensus estimate of $99.41 million.

GUIDANCE:

At this time, TPB projects the following for 2022:

• Zig-Zag Products sales of $193 to $203 million
• Stoker’s Products sales of $127 to $134 million

Given the dynamic regulatory environment impacting the vape industry, it is difficult to provide reliable guidance for the NewGen Products segment. However, the Company’s current expectation is to generate consolidated adjusted EBITDA in-line with fiscal year 2021 despite anticipated volatility in the NewGen Products segment.

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

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