TPB Q1 2024 Earnings — Turning Point Brands, Inc. Revenue & Financial Results | Market Cap Arena

TPBTurning Point Brands, Inc.

$2B

Q1 2024 Earnings

Consumer Defensive Tobacco

Income Statement

Revenue

$83M-16.7% YoY

Gross Profit

$48M58.2% margin

Operating Income

$19M23.2% margin

Net Income

$12M14.5% margin

EPS (Diluted)

$0.63

QoQ Revenue Growth

-14.5%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$22M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$586M

Total Liabilities

$425M

Stockholders' Equity

$160M

Cash & Equivalents

$131M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$83M	$100M	-16.7%
Gross Profit	$48M	$49M	-0.5%
Operating Income	$19M	$18M	+8.0%
Net Income	$12M	$8M	+58.1%

Revenue Segments

Zig-Zag Products

$47M56%

Stoker's Products

$36M44%

Geographic Segments

UNITED STATES

$90M93%

Non-US

$7M7%