Turning Point Brands (NYSE:TPB) First Quarter 2024 Results

Key Financial Results

• Revenue: US$97.1m (down 3.9% from 1Q 2023).

• Net income: US$12.0m (up 58% from 1Q 2023).

• Profit margin: 12% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.68 (up from US$0.43 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Turning Point Brands Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Global Tobacco industry.

Performance of the market in the US.

The company's shares are up 17% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Turning Point Brands that we have uncovered.

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