NYSE:TPB

Turning Point Brands Announces First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Online Retail, Retail, Tobacco, Specialty, Convenience Store, MST, FDA, Clipper, Zigzag, Webcast, Growth, CDS, EPS, FRE, Adjustment, TPB, Wrap (food), ID, GAAP

(“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, 2024.

Key Points: 
  • (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, 2024.
  • For the quarter, the Zig-Zag Products segment gross profit increased 23.0% to $27.5 million.
  • For the first quarter, CDS net sales were $14.0 million, gross profit was $3.6 million, and gross margin was 25.4%.
  • As previously disclosed, a conference call with the investment community to review TPB’s financial results has been scheduled for 10:00 a.m. Eastern on Thursday, May 2, 2024.

Turning Point Brands Declares Common Stock Dividend

Retrieved on: 
Wednesday, May 1, 2024
Tobacco, Retail, Specialty, Other Retail, TPB

The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share.

Key Points: 
  • The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share.
  • The dividend is payable on July 5, 2024, to shareholders of record on the close of business on June 14, 2024.

Turning Point Brands to Host First Quarter 2024 Conference Call

Retrieved on: 
Thursday, April 18, 2024
Other Manufacturing, Other Consumer, Other Retail, Tobacco, Cannabis, Specialty, Manufacturing, Consumer, Retail, Natural Resources, TPB, ID, Webcast

Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review first quarter 2024 results.

Key Points: 
  • Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review first quarter 2024 results.
  • The conference call will be on Thursday, May 2nd, 2024, at 10:00 a.m. Eastern to discuss results with the investment community.
  • The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presenta... .
  • The replay of the webcast will be available on the site two hours following the call.

Turning Point Brands Appoints Andrew Flynn as Chief Financial Officer

Retrieved on: 
Monday, March 11, 2024
Tobacco, Retail, Other Manufacturing, Manufacturing, Juul, Connected, Arrow Electronics, TPB, Negotiation, Zigzag, CFO, University, MBA, Electronics, Cannabis, Management

Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today the appointment Andrew Flynn as the Company’s new Chief Financial Officer, effective on or before April 1, 2024.

Key Points: 
  • Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today the appointment Andrew Flynn as the Company’s new Chief Financial Officer, effective on or before April 1, 2024.
  • Prior to joining Turning Point Brands, Mr. Flynn served as the CFO of Connected Cannabis Co. where he was responsible for bringing sustained profitable growth, expanding geographically and recapitalizing the company.
  • “Turning Point Brands is one of the most innovative and well-capitalized companies in the industry.
  • I am confident he will hit the ground running and be immediately accretive to the organization,” added David Glazek, Executive Chairman of Turning Point Brands.

Turning Point Brands Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Online Retail, Retail, Convenience Store, Other Retail, Tobacco, Supermarket, Total, CDS, Zigzag, Growth, ID, MST, GAAP, Webcast, EPS, TPB

Stoker’s had an outstanding quarter posting its highest growth rate in over four years led by double-digit growth year-over-year in Stoker’s MST.

Key Points: 
  • Stoker’s had an outstanding quarter posting its highest growth rate in over four years led by double-digit growth year-over-year in Stoker’s MST.
  • For the quarter, the Zig-Zag Products segment gross profit decreased 1.0% to $25.5 million.
  • For the fourth quarter, total Stoker’s Products segment volume increased 14.2%, while price / mix increased 4.4%.
  • For the fourth quarter, CDS net sales were $14.1 million, gross profit was $3.1 million, and gross margin was 22.4%.

Turning Point Brands Increases Common Stock Dividend

Retrieved on: 
Wednesday, February 28, 2024
Other Retail, Other Manufacturing, Tobacco, Marketing, Specialty, Communications, Manufacturing, Retail, TPB

The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share.

Key Points: 
  • The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share.
  • This is an 8% increase over the regular quarterly dividend declared in November 2023.
  • The dividend is payable on April 12, 2024, to shareholders of record on the close of business on March 22, 2024.

Turning Point Brands to Host Fourth Quarter and Fiscal Year 2023 Conference Call

Retrieved on: 
Wednesday, February 14, 2024
Other Manufacturing, Other Consumer, Tobacco, Cannabis, Specialty, Convenience Store, Manufacturing, Fashion, Consumer, Retail, ID, Webcast, TPB

Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2023 results.

Key Points: 
  • Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2023 results.
  • The conference call will be on Wednesday, February 28, 2024 at 10:00 a.m. Eastern to discuss results with the investment community.
  • The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presenta... .
  • The replay of the webcast will be available on the site two hours following the call.

Kaival Brands Appoints James W. Dobbins as Senior Vice President, General Counsel

Retrieved on: 
Thursday, December 7, 2023
TPB, Marketing, Intellectual property, Fordham University, FDA, JD, Private practice, Mathematics, Drew University, Science, KAVL, General counsel, Organization, Employment, Senior

GRANT-VALKARIA, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), today announced that it has appointed James W. Dobbins as General Counsel effective December 5, 2023.

Key Points: 
  • GRANT-VALKARIA, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), today announced that it has appointed James W. Dobbins as General Counsel effective December 5, 2023.
  • Barry Hopkins, Executive Chairman of Kaival Brands, said, “James Dobbins has extensive experience advising companies on a breadth of legal matters, and importantly, he also has a deep, relevant understanding of industry business operations, including corporate governance, M&A, international sourcing, and compliance matters.
  • Prior to Turning Point Brands, he spent several years in private practice.
  • Mr. Dobbins began his legal career with the law firm of Webster and Sheffield in New York.

Turning Point Brands Announces Third Quarter 2023 Results and Closing of New ABL Facility

Retrieved on: 
Wednesday, November 8, 2023
Online Retail, Retail, Convenience Store, Other Retail, Tobacco, Supermarket, Adjustment, Zig-zag product, CDS, NYSE, EBITDA, GAAP, Note, Zigzag, EPS, ID, Webcast, TPB, ABL, Total, Debt-to-GDP ratio, MST, Purdy, Video game, Film industry, Bank

The Zig-Zag segment was stable sequentially from the second quarter and notwithstanding some transitory headwinds posted its third-highest revenue quarter.

Key Points: 
  • The Zig-Zag segment was stable sequentially from the second quarter and notwithstanding some transitory headwinds posted its third-highest revenue quarter.
  • Stoker’s had another solid quarter of performance led by double-digit growth year-over-year in Stoker’s MST.
  • We further de-levered the balance sheet with an opportunistic purchase of $15 million in aggregate principal amount of our convertible notes during the third quarter.
  • The new facility replaces a $25 million senior secured revolving credit facility which was scheduled to mature in August 2025.

Turning Point Brands Declares Common Stock Dividend

Retrieved on: 
Wednesday, November 1, 2023
Tobacco, Retail, Specialty, Other Retail, TPB, NYSE, Holding company, Marketing

The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.065 per common share.

Key Points: 
  • The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.065 per common share.
  • The dividend is payable on January 5, 2024, to shareholders of record on the close of business on December 15, 2023.