UPDATE: Turning Point Brands, Inc. (TPB) Reports In-Line Q4 EPS, Revenues Beat; Offers 1Q & FY19 Revenue Mid-Point Guidance Above Consensus

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Go back to UPDATE: Turning Point Brands, Inc. (TPB) Reports In-Line Q4 EPS, Revenues Beat; Offers 1Q & FY19 Revenue Mid-Point Guidance Above Consensus

Turning Point Brands, Inc. Announces Fourth Quarter and Full Year 2018 Results

March 5, 2019 7:30 AM EST

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP) and adult consumer alternatives, today announced financial results for the fourth quarter and full year ended December 31, 2018.

Results at a Glance

Fiscal Year Ending December 31, 2018

(Comparisons vs. same period year-ago)

Net sales increased 16.4% to a record $332.7 million; Gross profit increased 14.1% to a record $142.6 million; Net income attributable to Turning Point Brands, Inc. increased 25.1% to $25.3 million;... More