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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 捲紙銷售額佔第一季度轉折點品牌總銷售額的48%
Benzinga ·  05/03 13:14

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

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