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Turning Point Brands Inc

TPB.N

Latest Trade

25.59USD

Change

-0.63(-2.40%)

Volume

8,320

Today's Range

25.57

 - 

26.26

52 Week Range

20.11

 - 

57.05

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Turning Point Brands - Executed A Binding LoI With Its Canadian Partner, Distributor Of Zig-Zag Rolling Papers Imperial Tobacco Company

Dec 23 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS INC - EXECUTED A BINDING LOI WITH ITS CANADIAN PARTNER, DISTRIBUTOR OF ZIG-ZAG ROLLING PAPERS IMPERIAL TOBACCO COMPANY LIMITED.

Turning Point Brands Parent Standard Diversified Plans To Pursue Corporate Reorganization With Co

Nov 18 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS PARENT STANDARD DIVERSIFIED INC. PLANS TO PURSUE CORPORATE REORGANIZATION WITH COMPANY.TURNING POINT BRANDS INC - SDI HAS INDICATED THAT REORGANIZATION IS EXPECTED TO CONSIST OF A STATUTORY MERGER IMPLEMENTED VIA DELAWARE LAW PURSUANT.TURNING POINT BRANDS INC - SDI WOULD BE MERGED WITH A WHOLLY-OWNED SUBSIDIARY OF TURNING POINT WITH TURNING POINT AS SURVIVOR OF MERGER.TURNING POINT BRANDS INC - SDI MERGER TO CONSTITUTE A TAX-FREE "DOWNSTREAM REORGANIZATION".TURNING POINT BRANDS INC - HOLDERS OF SDI STOCK WOULD RECEIVE, IN RETURN FOR SDI COMMON STOCK, SHARES OF STOCK OF CO.TURNING POINT BRANDS - BOARD OF DIRECTORS HAS FORMED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO ENGAGE IN DISCUSSIONS WITH SDI.

Standard Diversified Announces Plans To Pursue Corporate Reorganization With Subsidiary Turning Point Brands

Nov 18 (Reuters) - Standard Diversified Inc <SDI.A>::STANDARD DIVERSIFIED INC. ANNOUNCES PLANS TO PURSUE A CORPORATE REORGANIZATION WITH ITS SUBSIDIARY TURNING POINT BRANDS, INC..STANDARD DIVERSIFIED - PRIOR TO CONSUMMATION OF PROPOSED MERGER, PLANS TO DIVEST ASSETS, LIABILITIES OTHER THAN INTEREST IN TURNING POINT.STANDARD DIVERSIFIED - INTENDS TO DISPOSE OF ITS OUT-OF-HOME ADVERTISING BUSINESS, CONDUCTED THROUGH UNIT, IN A TRANSACTION NOT YET FINALIZED.

Turning Point Brands Reports Q3 Adjusted Earnings Per Share $0.56

Nov 1 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS ANNOUNCES THIRD QUARTER 2019 RESULTS AND EXPLORES STRATEGIC ALTERNATIVES FOR THIRD-PARTY VAPING DISTRIBUTION BUSINESS.Q3 ADJUSTED EARNINGS PER SHARE $0.56.Q3 EARNINGS PER SHARE $0.31.Q3 SALES ROSE 16.1 PERCENT TO $96.8 MILLION.SEES FY 2019 SALES $361 MILLION TO $367 MILLION.SEES Q4 2019 SALES $79 MILLION TO $85 MILLION."VAPING HEADLINES DRAMATICALLY DISRUPTED OUR THIRD-PARTY VAPING DISTRIBUTION BUSINESS STARTING IN MID-AUGUST"."THIRD-PARTY VAPING SAW A STEP FUNCTION DOWN IN QUARTER".TURNING POINT BRANDS- BELIEVES FUTURE RETURNS EXPECTED FROM 3RD-PARTY VAPING DISTRIBUTION MAY NO LONGER JUSTIFY INVESTMENT OF HUMAN, FINANCIAL RESOURCES GOING FORWARD.TURNING POINT BRANDS - QTRLY SMOKELESS NET SALES INCREASED 20.4% YOY, DRIVEN BY DOUBLE DIGIT SAME-STORE-SALES GROWTH, CHAIN WINS FOR STOKERS' MST BRAND."WILL CONTINUE TO REPURPOSE INFRASTRUCTURE FROM THIRD-PARTY DISTRIBUTION BUSINESS TO SUPPORT PROPRIETARY CBD SALES".QTRLY SMOKING NET SALES INCREASED 7.6% YEAR-OVER-YEAR.ACCELERATION OF SG&A COST REDUCTION PLANS EXPECTED TO DELIVER $8-10 MILLION OF ANNUALIZED SAVINGS.TO MITIGATE IMPACT OF DECLINES IN THIRD-PARTY VAPING DISTRIBUTION, WILL ACCELERATE SG&A COST REDUCTION PLANS.TURNING POINT BRANDS - EXPECTED $8-10 MILLION OF ANNUALIZED SAVINGS WILL COME FROM WAREHOUSE & BUSINESS CONSOLIDATION & OTHER RELATED CORPORATE ACTIVITIES.FY2019 REVENUE VIEW $349.0 MILLION -- REFINITIV IBES DATA.

Thomas F. Helms Jr. Of Turning Point Brands Retires

Sept 24 (Reuters) - Turning Point Brands Inc <TPB.N>::THOMAS F. HELMS, JR. OF TURNING POINT BRANDS RETIRES AFTER 31 YEARS OF SERVICE.TURNING POINT BRANDS INC - THOMAS HELMS, JR. RETIRES AS NON-EXECUTIVE CHAIRMAN OF BOARD.TURNING POINT BRANDS INC - ELECTED DAVID GLAZEK, A CURRENT DIRECTOR, AS CHAIRMAN.

Turning Point Brands Announces Q2 2019 Earnings Per Share Of $0.66

July 31 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS ANNOUNCES 2Q 2019 RESULTS, INCREASES 2019 GUIDANCE.Q2 SALES ROSE 15.1 PERCENT TO $93.3 MILLION.Q2 EARNINGS PER SHARE $0.66.Q2 ADJUSTED EARNINGS PER SHARE $0.53.ABSENT ANY ADDITIONAL ACQUISITIONS, COMPANY PROJECTS 2019 BASE BUSINESS NET SALES TO BE $370 TO $385 MILLION.SEES TOTAL TPB 2019 NET SALES TO $388 TO $413 MILLION.EXPECT TO SPEND UP TO $5.0 MILLION IN PREPARATION FOR FDA'S PMTA PATHWAY DURING 2019.NET SALES FOR Q3 2019, INCLUDING APPROXIMATELY TWO MONTHS OF SOLACE ACQUISITION, IS EXPECTED TO BE $99.0 MILLION TO $103.0 MILLION.EXCLUDING ONE-TIME AND NON-CASH SG&A EXPENSES, PROJECT 2019 ADJUSTED EBITDA OF $72 TO $76 MILLION.

Turning Point Brands Prices Upsized Private Offering Of $150 Mln Of 2.50% Convertible Senior Notes Due 2024

July 26 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS ANNOUNCES PRICING OF UPSIZED PRIVATE OFFERING OF $150 MILLION OF 2.50% CONVERTIBLE SENIOR NOTES DUE 2024.

Turning Point Brands Q2 Adjusted Earnings Per Share $0.53

July 24 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS ANNOUNCES PRELIMINARY SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.53.Q2 SALES ROSE 15.1 PERCENT TO $93.3 MILLION.Q2 EARNINGS PER SHARE $0.66.

Turning Point Brands Announces Proposed Private Offering Of $125 Mln Of Convertible Senior Notes

July 24 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS ANNOUNCES PROPOSED PRIVATE OFFERING OF $125 MILLION OF CONVERTIBLE SENIOR NOTES.TURNING POINT BRANDS - INTENDS TO OFFER $125 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES DUE 2024.

Turning Point Brands Invests In Distribution Partnership In Canada

July 24 (Reuters) - Turning Point Brands Inc <TPB.N>::TURNING POINT BRANDS INVESTS IN DISTRIBUTION PARTNERSHIP IN CANADA.TURNING POINT BRANDS INC - INVESTED $3 MILLION FOR A 30% STAKE IN RECREATION MARKETING.TURNING POINT BRANDS INC - WILL ALSO RECEIVE OPTIONS TO INCREASE ITS STAKE IN RECREATION TO A 50% OWNERSHIP POSITION.TURNING POINT BRANDS INC - AND WILL RECEIVE CUSTOMARY RIGHTS TO DESIGNATE MEMBERS TO RECREATION'S BOARD.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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