NYSE$TPB
Turning Point Brands Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Turning Point Brands experienced growth across key segments and increased financial outlook.
Turning Point Brands reported a 7.6% increase in net sales to $104.2 million for the third quarter of 2020. The company's gross profit increased by 12.8% to $48.3 million, and net income rose to $7.8 million despite PMTA costs. Adjusted EBITDA increased by 27.4% to $23.9 million, and the company has raised its outlook for the remainder of the fiscal year.
- 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.
- Adjusted EBITDA increased 27.4% to $23.9 million.
Headline financials
Revenue & EPS history
Turning Point Brands · Revenue · Quarterly
$104M
Revenue by segment
Turning Point Brands · $36M total across 1 segment · Q3 2020
- Zig-Zag Products$36M—100.0%
Forward guidance
The company projects 2020 net sales to be $395 to $401 million and 2020 Adjusted EBITDA of $87 million to $90 million.
Tailwinds
- 2020 net sales to be $395 to $401 million
- 2020 Adjusted EBITDA of $87 million to $90 million
- Stock compensation and non-cash incentive expense in 2020 is projected to be $2.8 million
- The company spent a total of $16.6 million on the PMTA process
- Capital expenditures for 2020 are anticipated to be approximately $6 million
Headwinds
- expected near-term volatility within our NewGen segment
- Cash interest expense is projected to be $12 million
- GAAP interest expense includes $7 million of debt discount amortization equal to the fair value of the equity components over the expected life of the 2024 convertible notes
- The company expects the 2020 effective income tax rate to be 23% to 24%
- Net Sales for the fourth quarter of 2020 are expected to be $95 to $101 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
+3.8%
Avg return
Earnings day
+4.7%
Avg return
5 days after
+7.6%
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 | +3.5% | -0.6% | — | |
| 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 2016 | +22.5% | +19.0% | +69.3% | |
| Q2 2015 | +22.5% | +19.0% | +69.3% | |
| Q1 2016 | -8.8% | +18.3% | +37.9% | |
| Q1 2015 | -8.8% | +18.3% | +37.9% | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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