Turning Point Brands, Inc. (TPB) Tops Q1 EPS by 5c
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Turning Point Brands, Inc. Announces First Quarter 2018 Results
May 9, 2018 6:55 AM EDTLOUISVILLE, KY.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP), today announced financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Results at a Glance
(Comparisons vs. same period year-ago)
Net sales increased 10.7% to $73.9 million Gross profit increased 15.0% to $31.8 million Net income was $3.0 million Adjusted EBITDA was $13.7 million (see Schedule A for a reconciliation to net income) Diluted EPS of $0.15 and Adjusted Diluted EPS of $0.35 as compared... More