Turning Point Brands, Inc. (TPB) Tops Q3 EPS by 17c, Revenues Beat; Raises FY20 Revenue Guidance Above Consensus
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Turning Point Brands Announces Third Quarter 2020 Results, Increases 2020 Guidance
October 27, 2020 7:30 AM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (TPB) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products with active ingredients, today announced financial results for the third quarter ended September 30, 2020.
Results at a Glance
Third Quarter 2020
(Comparisons vs. same period year-ago)
Net sales increased 7.6% to $104.2 million; Gross profit increased 12.8% to $48.3 million; Net income increased $1.5 million to $7.8 million despite PMTA costs incurred during the current quarter; Adjusted EBITDA increased 27.4% to $23.9 million (see Schedule A for a reconciliation... More