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Zig-Zag Segment Stable, Says CEO As Turning Point Reports Profit Increase And 6.1% YoY Drop In Q4 Net Sales - Turning Point Brands (NYSE:TPB)

Maker of Zig-Zag rolling papers Turning Point Brands announced on Wednesday financial results for the fourth quarter and full year ended Dec. 31, 2023.Graham Purdy, president and CEO, praised quarterly results. "Our fourth quarter results were at the high end of our expectations," Purdy said. "The Zig-Zag segment was stable from the previous year excluding the impact of a discontinued product line and is well positioned to return to growth in 2024. We also had strong free cash flow generation during the year allowing us to build a cash balance to address the remaining principal amount of our convertible notes at maturity in July." ....

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Turning Point Brands (NYSE:TPB) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Turning Point Brands (NYSE:TPB – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13, Yahoo Finance reports. The firm had revenue of $97.10 million for the quarter, compared to the consensus estimate of $90.11 million. […] ....

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Turning Point Brands (TPB) Set to Announce Quarterly Earnings on Wednesday

Turning Point Brands (NYSE:TPB – Get Free Report) will announce its 12/31/2023 earnings results before the market opens on Wednesday, February 28th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link. Turning Point Brands […] ....

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