The earnings call reflected a positive outlook with significant growth in revenue and adjusted EBITDA, driven by strong performance in the modern oral category and Stoker's revenue. Despite some challenges in gross margin and specific segments like Zig Zag and MST, the company is optimistic about future growth, particularly in the modern oral category.
Company Guidance
During the Turning Point Brands, Inc. conference call for the fourth quarter and fiscal year 2024, the company provided several key financial metrics and forward guidance. Revenue for Q4 increased by 13% to $93.7 million, with adjusted EBITDA up 5% to $26.2 million. For the full year, adjusted EBITDA rose 12% to $104.5 million. The company projected 2025 adjusted EBITDA to fall between $108 million and $113 million, driven by growth in their Zig Zag and Stoker businesses, and modern oral brands Free and Out are expected to generate $60 million to $80 million in combined revenue. Stoker's revenue grew 26% in Q4 to $47.8 million, while Zig Zag revenue increased by 2%, or 4% excluding Clipper. The company also reported a gross margin decrease of 108 basis points year-over-year for the quarter. Free cash flow for the year was noted at $56.3 million, and they provided a 2025 CapEx budget of $4 to $5 million, excluding potential projects related to modern oral business.
Revenue Growth
Fourth-quarter revenue increased 13% to $93.7 million. Full-year revenue was up 11% to $360.7 million.
Adjusted EBITDA Growth
Adjusted EBITDA increased 5% to $26.2 million for the quarter and 12% to $104.5 million for the full year.
Stoker's Revenue Surge
Stoker's revenue increased 26% to $47.8 million for the quarter, reflecting strong performance in the modern oral category.
Modern Oral Category Expansion
Modern oral brands Free and Out combined to generate significant revenue, with Free sales increasing 419% year-over-year.
Guidance for 2025
2025 adjusted EBITDA guidance set at $108 to $113 million, with modern oral sales expected to reach $60 to $80 million.
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Turning Point Brands (TPB) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPB Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 06, 2025
$67.02
$61.56
-8.15%
Nov 07, 2024
$50.98
$49.54
-2.82%
Aug 01, 2024
$37.61
$38.11
+1.33%
May 02, 2024
$29.04
$32.40
+11.57%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Turning Point Brands (TPB) report earnings?
Turning Point Brands (TPB) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Turning Point Brands (TPB) earnings time?
Turning Point Brands (TPB) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.