Profile
Sector:
Consumer DefensiveIndustry:
TobaccoCountry:
United StatesIPO:
11 May 2016Next earnings report:
28 February 2025Last dividends:
13 September 2024Next dividends:
20 December 2024Price
after hours | Wed, 20 Nov 2024 22:59:43 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
TPB Latest News
MIAMI , Nov. 14, 2024 /PRNewswire/ -- Tucker Carlson has announced the launch of ALP, the first nicotine pouch brand made by and for adults who unapologetically love nicotine. ALP will be sold, marketed and distributed through ALP Supply Co. LLC, a newly formed 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands (NYSE: TPB).
Turning Point Brands (NYSE:TPB ) Q3 2024 Earnings Call Transcript November 7, 2024 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham Purdy - President and Chief Executive Officer Summer Frein - Chief Revenue Officer Conference Call Participants Eric Lauriers - Craig Hallum Capital Group Michael Legg - The Benchmark Company Nick Anderson - ROTH MKM Operator Good day, and welcome to the Turning Point Brands Third Quarter 2024 Conference Call. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded.
LOUISVILLE, Ky.--(BUSINESS WIRE)--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, today announced financial results for the third quarter ended September 30, 2024. Q3 2024 vs. Q3 2023 Total consolidated net sales increased 3.8% to $105.6 million Zig-Zag Products net sales increased 5.5% Stoker's Products net sales increased 12.
Turning Point Brands' underlying growth, aided by nicotine pouch brands and Zig-Zag's cannabis positioning, has been clouded by the weak CDS segment. The FRE brand's rapid growth and potential Alp collaboration with Tucker Carlson could significantly boost revenues. Wall Street's Q3 expectations are conservative, but the company's underlying growth prospects suggest potential undervaluation.
Turning Point Brands has surged over 87.5%, thanks to the company's refocus on its smokeless tobacco and rolling paper businesses. Even after this incredible run-up in price, shares have more room to run, as factors like Turning Point's move into the nicotine pouch space point to a further growth resurgence. In the coming years, TPB stock could hit prices topping $90 per share, thanks to earnings growth, as well as possible multiple expansion.
Turning Point Brands (NYSE:TPB ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham Purdy - Chief Executive Officer Summer Frein - Chief Revenue Officer Conference Call Participants Michael Legg - The Benchmark Company Eric Des Lauriers - Craig-Hallum Capital Group Operator Thank you for standing by. My name is Sully, and I will be your conference operator today.
Turning Point Brands reported a Q2 earnings beat, showing a return to positive revenue growth after 10 out of 11 prior quarters showing a decline. The Stoker's segment drove incredible growth with MST and FRE brands, while other segments showed quite predictable performances, with solid Zig-Zag momentum and a wide CDS sales decline. The stock's underlying potential is still largely unnoticed by the market, represented by the stock's continued undervaluation.
Turning Point Brands, Inc. (NYSE: TPB) Q1 2024 Earnings Conference Call on May 2, 2024 at 10:00 AM ET featuring Company Participants Graham Purdy, Andrew Flynn, and Summer Frein. Conference Call Participants include Eric Des Lauriers, Michael Legg, and Scott Fortune. Good morning, and thank you for joining Turning Point Brands' Q1 2024 Earnings Conference Call. This call is being recorded.
Turning Point Brands reported its Q4 results highlighted by firming profitability. The company's entry into the oral nicotine pouches market with the "FRE" brand is seen as a high-growth driver and a catalyst for the stock. We are bullish on the stock, which benefits from overall solid fundamentals.
Further investments in inventory of stoker's products and distribution expansion of this business segment could accelerate net sales growth. The company is focused on diversifying its products and expanding into new territories to drive further sales growth. While there are risks such as changes in legislation and lower demand, Turning Point Brands appears undervalued.
What type of business is Turning Point Brands?
Turning Point Brands, Inc. provides tobacco products. It operates in the following segments: smokeless products, smoking products, and NewGen products. The smokeless products segment manufactures and sells moist snuff, as well as contracts and sells chewing tobacco products. The smoking products segment imports and sells cigarette papers, tubes, ready-made cigars, NYO cigar tobaccos, cigar wraps, and processing materials, packaging, and pipe tobacco markets. The NewGen products segment sells electronic cigarettes, liquids, vaporizers, and other related products, as well as distributes a wide range of Vaping products in non-traditional retail outlets through VaporBeast and Vapor Shark. The company was founded by Thomas Helms Jr. in 1988 and is headquartered in Louisville, Kentucky.
What sector is Turning Point Brands in?
Turning Point Brands is in the Consumer Defensive sector
What industry is Turning Point Brands in?
Turning Point Brands is in the Tobacco industry
What country is Turning Point Brands from?
Turning Point Brands is headquartered in United States
When did Turning Point Brands go public?
Turning Point Brands initial public offering (IPO) was on 11 May 2016
What is Turning Point Brands website?
https://www.turningpointbrands.com/home/default.aspx
Is Turning Point Brands in the S&P 500?
No, Turning Point Brands is not included in the S&P 500 index
Is Turning Point Brands in the NASDAQ 100?
No, Turning Point Brands is not included in the NASDAQ 100 index
Is Turning Point Brands in the Dow Jones?
No, Turning Point Brands is not included in the Dow Jones index
When was Turning Point Brands the previous earnings report?
No data
When does Turning Point Brands earnings report?
The next expected earnings date for Turning Point Brands is 28 February 2025