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Tuesday, March 5, 2019

Turning Point Brands (TPB) reported earnings on Tue 5 March 19 (b/o)

** charts after earnings **


Turning Point Brands reports EPS in-line, beats on revs; guides Q1 revs above two analyst estimate; guides FY19 revs in-line 
  • Reports Q4 (Dec) earnings of $0.49 per share, excluding non-recurring items, in-line with the two analyst estimate of $0.49; revenues rose 28.2% year/year to $94.29 mln vs the $91.7 mln two analyst estimate.
  • Co issues upside guidance for Q1, sees Q1 revs of $89-93 mln vs. $87.35 mln two analyst estimate.
  • Co issues in-line guidance for FY19, sees FY19 revs of $370-385 mln vs. $382.55 mln two analyst estimate.
Beat estimates on revs (+28.2% year/year) while posting in-line EPS for Q4; guided Q1 revs above estimates and FY19 revs in-line. Net sales and gross profits recorded for Q4 and the year marked records for co; in the quarter, Smokeless products net sales increased +10.2%, driven by double-digit volume growth in Stoker's MST, while Smoking Products net sales decreased by $1.8 mln, with price/mix each decreasing by 3.1%, and NewGen segment net sales grew +86.2% on momentum from VaporBeast and a full quarter of results from co's acquisition of International Vapor Group, which dates to September 2018. Co sees 2019 as a transformative year full of novel introductions.

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