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.
之字形軋紙製造商Turning Point Brands, Inc.（紐約證券交易所代碼：TPB）週四公佈了截至2024年3月31日的第一季度財務業績，總淨銷售額爲9,710萬美元，而2023年同期爲1.0096億美元。
"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."
總裁兼首席執行官格雷厄姆·珀迪表示：“我們對第一季度的業績感到鼓舞。”“我們相信，我們的戰略的執行使Zig-Zag重回了可持續的增長軌道；Stoker的持續增長並提高了其市場份額；我們的FRE Modern Oral產品在全國的推出有了一個良好的開端。”
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Q1 2024 Vs. Q1 2023 Summary
2024 年第一季度對比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產品的淨銷售額增長了11.5％，達到4,670萬美元，佔該季度總淨銷售額的48％。
- 毛利增長6.8％，達到5190萬美元
- 淨收入從760萬美元增長了58.1％，至1,200萬美元。
- 調整後的淨收入增長了29.8％，至1,540萬美元（淨收益）
- 調整後的息稅折舊攤銷前利潤增長了21.6％，至2530萬美元
- 攤薄後每股收益爲0.63美元，調整後的攤薄每股收益爲0.80美元，而去年同期分別爲0.41美元和0.62美元。
- 2023 年 3 月 31 日的淨負債爲 2.376 億美元。該公司在本季度末的總流動性爲1.899億美元，其中包括1.309億美元的現金和5,900萬美元的資產支持循環信貸額度容量。
During the quarter, the company repurchased 72,545 shares at a cost of $2.1 million.
在本季度，該公司回購了72,545股股票，成本爲210萬美元。
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.
該公司維持了先前對2024年全年調整後息稅折舊攤銷前利潤爲9,500萬美元至1億美元的預期。
Price Action
價格走勢
Turning Point Brands was trading 1.54% lower at $32.07 per share during Friday's pre-market session.
在週五的盤前交易中，Turning Point Brands的交易價格下跌了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
相關鏈接：首席執行官表示，Zig-Zag細分市場穩定，因爲轉折點報告利潤增長第四季度淨銷售額同比下降6.1％
Photo: Courtesy of YARphotographer via Shutterstock
照片：由 YARPhotographer 通過 Shutterstock 提供