Zig-Zag Segment On Sustainable Growth Trajectory, Turning Point CEO Reports 7% YoY Improvement In Adjusted EBITDA, Raises 2024 Guidance
Zig-Zag Segment On Sustainable Growth Trajectory, Turning Point CEO Reports 7% YoY Improvement In Adjusted EBITDA, Raises 2024 Guidance
Read Also: Zig-Zag RollinTurning Point Brands, Inc. (NYSE:TPB), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, reported its financial results on Thursday for the second quarter ended June 30, 2024.
品牌消費製品生產商Turning Point Brands（紐交所股票代碼：TPB）公佈了截至2024年6月30日第二季度的財務業績，其產品包括另類吸菸配件及含有活性成分的消費品。
Adjusted EBITDA for the quarter came in positive at $27 million, representing a year-over-year improvement of 7%. That said, Turning Point has increased its full-year 2024 adjusted EBITDA guidance to $98 to $102 million.
上季度調整後的息稅折舊及攤銷前利潤爲2700萬美元，同比增長7%。不過，Turning Point已將其2024財年的調整後的息稅折舊及攤銷前利潤指導範圍提高至9800萬至1.02億美元。
"We were pleased by our second quarter results," Graham Purdy, president and CEO said. "We achieved our highest quarterly EBITDA since the second quarter of 2021."
“我們對於上季度的業績感到滿意，”總裁兼CEO Graham Purdy表示。“我們取得了自2021年第二季度以來的最高季度息稅折舊及攤銷前利潤。”
Read Also: Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter
閱讀也請看：Zig-Zag捲菸紙銷售額佔Turning Point Brands第一季度總銷售額48%
Q2 2024 Financial Highlights
2024年第二季度財務業績亮點
- Total consolidated net sales increased 2.8% year-over-year to $108.5 million.
- Zig-Zag products net sales increased 8% year-over-year.
- Stoker's products net sales increased 18.5% year-over-year.
- Creative Distribution Solutions net sales decreased 33% year-over-year.
- Gross profit increased 2.6% year-over-year to $53.8 million.
- Net income increased 31% year-over-year to $13 million.
- Adjusted net income increased 12.2% year-over-year to $17.2 million.
- Second quarter consolidated selling, general and administrative expenses were $32.8 million compared to $31.9 million in the second quarter of 2023.
- 該公司的總合並淨銷售額同比增長2.8%至1.085億美元。
- Zig-Zag產品淨銷售額同比增長8%。
- Stoker's產品淨銷售額同比增長18.5%。
- Creative Distribution Solutions淨銷售額同比下降33%。
- 毛利潤同比增長2.6%至5380萬美元。
- 淨利潤同比增長31%至1300萬美元。
- 調整後的淨利潤同比增長12.2%至1720萬美元。
- 第二季度合併銷售、一般及行政費用爲3280萬美元，較2023年第二季度的3190萬美元有所增加。
Other Highlights
其他亮點
- Total gross debt as of June 30, 2024 was $368.5 million.
- Net debt as of June 30, 2024 was $226.4 million.
- The company ended the quarter with total liquidity of $201 million, comprised of $142.2 million in cash and $58.8 million of asset-backed revolving credit facility capacity.
- On July 15, 2024, the company retired the remaining $118.5 million of its convertible notes outstanding with cash on hand.
- Pro forma for the retirement of the convertible notes as of June 30, 2024, the company had gross debt outstanding of $250 million and net debt of $226.4 million.
- 截至2024年6月30日，該公司的總債務爲368.5億美元。
- 截至2024年6月30日，該公司的淨負債爲226.4億美元。
- 該公司在季度結束時總流動性爲2.01億美元，包括1.422億美元的現金和5880萬美元的資產擔保的循環信貸額度。
- 於2024年7月15日，該公司通過現金償還了剩餘的1.185億美元可轉換債券。
- 考慮到截至2024年6月30日的可轉換債券償還，該公司的總債務爲2.5億美元，淨負債爲226.4億美元。
Zig-Zag and Stoker's Products net sales for the period Increased 13% year-over-year, the company said. "We believe Zig-Zag is on a sustainable growth trajectory, and Stoker's MST continues to grow market share," Purdy continued.
該公司表示，Zig-Zag和Stoker's產品的淨銷售額同比增長13%。 Purdy繼續說：“我們認爲Zig-Zag正處於可持續增長的軌跡上，Stoker's MSt繼續增長市場份額。”
- Zig-Zag Segment Stable, Says CEO As Turning Point Reports Profit Increase And 6.1% YoY Drop In Q4 Net Sales
- Turning Point報告利潤增長和第四季度淨銷售額同比下降6.1%，Zig-Zag部門穩定。
TPB Price Action
TPb股票價格行情
Turning Point Brands' shares traded 1.92% higher at $38.44 per share at the time of writing on Thursday morning.
在週四上午寫作時，Turning Point Brands的股價爲每股38.44美元，上漲了1.92%。
