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LOUISVILLE - Turning Point Brands (NYSE:TPB) reported fourth quarter earnings that exceeded analyst expectations, on Thursday.
The company’s shares were up 5.60% in premarket trading following the release.
The manufacturer of tobacco and vaping products posted adjusted earnings per share of $0.98, surpassing the consensus estimate of $0.70. Revenue came in at $93.7 million, below the $102.28 million analysts were expecting.
For the fourth quarter, Turning Point Brands saw net sales increase 12.8% YoY to $93.7 million. The Zig-Zag segment grew 1.8% while Stoker’s products jumped 25.8%.
"We were pleased with our fourth quarter and full year 2024 results and the momentum we are seeing across the organization," said Graham Purdy, President and CEO.
Looking ahead, the company projects full-year 2025 adjusted EBITDA of $108 million to $113 million. It also expects combined Modern Oral sales of $60 million to $80 million.
Turning Point Brands ended the quarter with $46.2 million in cash and $57.4 million available on its revolving credit facility.
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