Turning Point Brands Reports Strong Q1 2025 Results

Turning Point Brands Inc ( (TPB) ) has released its Q1 earnings. Here is a breakdown of the information Turning Point Brands Inc presented to its investors.

Turning Point Brands, Inc. is a manufacturer, marketer, and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, operating in the consumer goods sector.

The company has reported a strong financial performance for the first quarter of 2025, with net sales increasing by 28.1% year-over-year to $106.4 million. The company also saw significant growth in its Modern Oral segment, with sales reaching $22.3 million.

Key financial highlights include a 12.0% increase in adjusted EBITDA to $27.7 million and a 19.8% rise in net income to $14.4 million. The Stoker’s Products segment experienced a remarkable 62.7% increase in net sales, driven by strong growth in Modern Oral sales, while Zig-Zag Products saw a modest 1.2% increase in net sales. The company also reported a gross profit increase of 23.3% to $59.6 million.

Despite the positive financial results, the company faced increased selling, general, and administrative expenses, primarily due to FDA-related costs and transaction-related expenses. However, the company ended the quarter with a solid liquidity position, with total liquidity of $161.8 million.

Looking ahead, Turning Point Brands has increased its full-year sales guidance for nicotine pouches and maintains its adjusted EBITDA guidance, indicating confidence in its growth trajectory and market position.