NYSE$TPB
Turning Point Brands Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Turning Point Brands reported an increase in net sales and gross profit, but a decrease in net income due to PMTA costs. The company saw growth in its Smokeless, Smoking, and NewGen segments.
Turning Point Brands announced positive financial results for Q2 2020, with net sales increasing by 12.5% to $105.0 million and gross profit increasing by 16.8% to $48.1 million. However, net income decreased to $9.2 million due to PMTA-related expenses. The company's Smokeless, Smoking, and NewGen segments all experienced growth during the quarter.
- Net sales increased 12.5% to $105.0 million.
- Gross profit increased 16.8% to $48.1 million.
- Diluted EPS was $0.47, and Adjusted Diluted EPS was $0.71.
- The company increased its full-year guidance for net sales and Adjusted EBITDA.
Headline financials
Revenue & EPS history
Turning Point Brands · Revenue · Quarterly
$105M
Revenue by segment
Turning Point Brands · $27.4M total across 1 segment · Q2 2020
- Zig-Zag Products$27.4M—100.0%
Forward guidance
The company projects 2020 net sales to be $370 to $382 million and 2020 Adjusted EBITDA of $78 million to $83 million.
Tailwinds
- Net sales are projected to be $370 to $382 million.
- Adjusted EBITDA is projected to be $78 million to $83 million.
- The projections assume no upside from the PMTA process in 2020.
- Stock compensation and non-cash incentive expense in 2020 is projected to be $2.8 million.
- Capital expenditures for 2020 are anticipated to be approximately $4 to $6 million.
Headwinds
- There is uncertainty in the current environment.
- There is on-going government support for the consumer.
- There are expected near-term volatility within our NewGen segment.
- The company expects to spend a total of $16 to $18 million on the PMTA process.
- Net Sales for the third quarter 2020 are expected to be $90 to $95 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+3.8%
Avg return
Earnings day
+4.7%
Avg return
5 days after
+7.3%
Avg return
30 days after
68%
30 / 44 earnings
Positive
+26.2%
Q1 2025
Best reaction
-22.2%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -0.4% | -4.6% | |
| Q4 2025 | +5.0% | -33.1% | -45.8% | |
| Q3 2025 | -1.1% | -0.7% | -0.3% | |
| Q1 2025 | +26.2% | +7.8% | +17.4% | |
| Q4 2024 | -8.1% | -11.9% | -18.6% | |
| Q3 2024 | +1.3% | +7.8% | +25.8% | |
| Q2 2024 | -1.3% | -5.4% | +5.1% | |
| Q1 2024 | +12.1% | +13.1% | +12.4% | |
| Q4 2023 | +10.2% | +15.0% | +27.7% | |
| Q3 2023 | +2.8% | +0.5% | +13.6% | |
| Q2 2023 | +8.0% | +9.2% | +5.0% | |
| Q1 2023 | -3.5% | -6.0% | -4.5% | |
| Q4 2022 | +10.2% | +8.3% | -4.6% | |
| Q3 2022 | +7.9% | +8.3% | -2.3% | |
| Q2 2022 | -15.3% | -19.3% | -19.5% | |
| Q1 2022 | +1.0% | +1.6% | -6.6% | |
| Q4 2021 | -1.1% | -1.3% | -4.7% | |
| Q3 2021 | -22.2% | -21.5% | -23.3% | |
| Q2 2021 | +9.9% | +13.3% | +5.8% | |
| Q1 2021 | +1.0% | +0.5% | -10.3% | |
| Q4 2020 | +1.2% | +15.2% | +4.0% | |
| Q3 2020 | +14.6% | +13.8% | +16.6% | |
| Q2 2020 | +11.1% | +8.2% | -5.0% | |
| Q1 2020 | +2.4% | +8.2% | +16.2% | |
| Q4 2019 | +12.2% | +14.3% | -9.1% | |
| Q3 2019 | +21.9% | +26.1% | +32.3% | |
| Q2 2019 | -8.2% | -5.6% | -11.6% | |
| Q1 2019 | +21.3% | +24.5% | +15.1% | |
| Q4 2018 | +6.2% | +11.0% | +9.3% | |
| Q3 2018 | -9.2% | -15.2% | -31.6% | |
| Q2 2018 | -2.9% | -0.5% | +16.7% | |
| Q1 2018 | +5.4% | +6.4% | +33.5% | |
| Q4 2017 | +2.2% | +1.3% | -5.3% | |
| Q3 2017 | -2.5% | +1.8% | +8.9% | |
| Q2 2017 | +12.8% | +4.1% | +11.2% | |
| Q1 2017 | -4.2% | -3.5% | +3.4% | |
| Q4 2016 | +4.8% | +12.0% | +20.7% | |
| Q4 2014 | +4.8% | +12.0% | +20.7% | |
| Q3 2015 | +0.5% | +12.7% | +2.6% | |
| Q3 2016 | +0.5% | -0.7% | -10.6% | |
| Q2 2015 | +22.5% | +19.0% | +69.3% | |
| Q2 2016 | +22.5% | +19.0% | +69.3% | |
| Q1 2015 | -8.8% | +18.3% | +37.9% | |
| Q1 2016 | -8.8% | +18.3% | +37.9% | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro