Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter
Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter
Zig-Zag rolling paper manufacturer Turning Point Brands, Inc. (NYSE:TPB) reported financial results Thursday for the first quarter ended March 31, 2024 with total net sales of $97.1 million, compared to $100.96 million in the same period of 2023.
之字形轧纸制造商Turning Point Brands, Inc.（纽约证券交易所代码：TPB）周四公布了截至2024年3月31日的第一季度财务业绩，总净销售额为9,710万美元，而2023年同期为1.0096亿美元。
"We are encouraged by our first quarter results," stated Graham Purdy, president and CEO. "We believe the execution of our strategy has Zig-Zag back on a sustainable growth trajectory; Stoker's continued to grow and improved its market share; and the national launch of our FRE Modern Oral product is off to a good start."
总裁兼首席执行官格雷厄姆·珀迪表示：“我们对第一季度的业绩感到鼓舞。”“我们相信，我们的战略的执行使Zig-Zag重回了可持续的增长轨道；Stoker的持续增长并提高了其市场份额；我们的FRE Modern Oral产品在全国的推出有了一个良好的开端。”
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Q1 2024 Vs. Q1 2023 Summary
2024 年第一季度对比2023 年第一季度摘要
- Zig-Zag products net sales increased by 11.5% to $46.7 million, accounting for 48% of total net sales in the quarter.
- Gross profit increased 6.8% to $51.9 million
- Net income increased 58.1% to $12.0 million from $7.6 million.
- Adjusted net income increased 29.8% to $15.4 million ( net income)
- Adjusted EBITDA increased 21.6% to $25.3 million
- Diluted EPS of $0.63 and adjusted diluted EPS of $0.80 compared to $0.41 and $0.62 in the same period one year ago, respectively.
- Net debt on March 31, 2023 was $237.6 million. The company ended the quarter with total liquidity of $189.9 million, comprised of $130.9 million in cash and $59.0 million of asset-backed revolving credit facility capacity.
- Zig-Zag产品的净销售额增长了11.5％，达到4,670万美元，占该季度总净销售额的48％。
- 毛利增长6.8％，达到5190万美元
- 净收入从760万美元增长了58.1％，至1,200万美元。
- 调整后的净收入增长了29.8％，至1,540万美元（净收益）
- 调整后的息税折旧摊销前利润增长了21.6％，至2530万美元
- 摊薄后每股收益为0.63美元，调整后的摊薄每股收益为0.80美元，而去年同期分别为0.41美元和0.62美元。
- 2023 年 3 月 31 日的净负债为 2.376 亿美元。该公司在本季度末的总流动性为1.899亿美元，其中包括1.309亿美元的现金和5,900万美元的资产支持循环信贷额度容量。
During the quarter, the company repurchased 72,545 shares at a cost of $2.1 million.
在本季度，该公司回购了72,545股股票，成本为210万美元。
2024 Outlook
2024 年展望
The company is maintaining its previous expectation of a full-year 2024 adjusted EBITDA of $95 to $100 million.
该公司维持了先前对2024年全年调整后息税折旧摊销前利润为9,500万美元至1亿美元的预期。
Price Action
价格走势
Turning Point Brands was trading 1.54% lower at $32.07 per share during Friday's pre-market session.
在周五的盘前交易中，Turning Point Brands的交易价格下跌了1.54％，至每股32.07美元。
Related Links: Zig-Zag Segment Stable, Says CEO As Turning Point Reports Profit Increase And 6.1% YoY Drop In Q4 Net Sales
相关链接：首席执行官表示，Zig-Zag细分市场稳定，因为转折点报告利润增长第四季度净销售额同比下降6.1％
Photo: Courtesy of YARphotographer via Shutterstock
照片：由 YARPhotographer 通过 Shutterstock 提供