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

Key Financial Results

• Revenue: US$108.5m (up 2.8% from 2Q 2023).

• Net income: US$13.0m (up 31% from 2Q 2023).

• Profit margin: 12% (up from 9.4% in 2Q 2023).

• EPS: US$0.74 (up from US$0.56 in 2Q 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 13%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.5% growth forecast for the Global Tobacco industry.

Performance of the market in the US.

The company's shares are down 3.3% 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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