Turning Point Brands announced on Thursday financial results for the third quarter ended Sept. 30, 2024. The company behind Zig-Zag, a brand of rolling papers in the cannabis industry, said total consolidated net sales increased 3.8% YoY. Zig-Zag products' net sales, which accounted for 47% of total net sales in the quarter, increased 5.5% over the same period.
Turning Point Brands, Inc. (NYSE: TPB), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced on Thursday financial results for the second quarter ended June 30, 2024. The company said adjusted EBITDA for the quarter came in positive at $27 million, representing a year-over-year improvement of 7%. That said, Turning Point has increased its full-year 2024 adjusted EBITDA guidance to $98 to $102 million. "We were pleased by our second quarter results," Graham Purdy, president and CEO, said. "We achieved our highest quarterly EBITDA since the second quarter of 2021."
