Turning Point Brands (TPB) Tops Q2 EPS by 19c

Turning Point Brands (NYSE: TPB) reported Q2 EPS of $0.70, $0.19 better than the analyst estimate of $0.51. Revenue for the quarter came in at $102.9 million versus the consensus estimate of $108.06 million.

2022 Outlook:

Due to the uncertain macro environment and slower than expected improvement in our NewGen Products segment, the Company now expects the following full-year 2022 results:

• Zig-Zag Products sales of $193 to $200 million (compared to previous outlook of $193 to $203 million)
• Stoker’s Products sales of $127 to $133 million
• Consolidated adjusted EBITDA of $97 to $103 million

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

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