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.
品牌消费制品生产商Turning Point Brands（纽交所股票代码：TPB）公布了截至2024年6月30日第二季度的财务业绩，其产品包括另类吸烟配件及含有活性成分的消费品。
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.
上季度调整后的息税折旧及摊销前利润为2700万美元，同比增长7%。不过，Turning Point已将其2024财年的调整后的息税折旧及摊销前利润指导范围提高至9800万至1.02亿美元。
"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."
“我们对于上季度的业绩感到满意，”总裁兼CEO Graham Purdy表示。“我们取得了自2021年第二季度以来的最高季度息税折旧及摊销前利润。”
Read Also: Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter
阅读也请看：Zig-Zag卷烟纸销售额占Turning Point Brands第一季度总销售额48%
Q2 2024 Financial Highlights
2024年第二季度财务业绩亮点
- 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.
- 该公司的总合并净销售额同比增长2.8%至1.085亿美元。
- Zig-Zag产品净销售额同比增长8%。
- Stoker's产品净销售额同比增长18.5%。
- Creative Distribution Solutions净销售额同比下降33%。
- 毛利润同比增长2.6%至5380万美元。
- 净利润同比增长31%至1300万美元。
- 调整后的净利润同比增长12.2%至1720万美元。
- 第二季度合并销售、一般及行政费用为3280万美元，较2023年第二季度的3190万美元有所增加。
Other Highlights
其他亮点
- 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，该公司的总债务为368.5亿美元。
- 截至2024年6月30日，该公司的净负债为226.4亿美元。
- 该公司在季度结束时总流动性为2.01亿美元，包括1.422亿美元的现金和5880万美元的资产担保的循环信贷额度。
- 于2024年7月15日，该公司通过现金偿还了剩余的1.185亿美元可转换债券。
- 考虑到截至2024年6月30日的可转换债券偿还，该公司的总债务为2.5亿美元，净负债为226.4亿美元。
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.
该公司表示，Zig-Zag和Stoker's产品的净销售额同比增长13%。 Purdy继续说：“我们认为Zig-Zag正处于可持续增长的轨迹上，Stoker's MSt继续增长市场份额。”
- Zig-Zag Segment Stable, Says CEO As Turning Point Reports Profit Increase And 6.1% YoY Drop In Q4 Net Sales
- Turning Point报告利润增长和第四季度净销售额同比下降6.1%，Zig-Zag部门稳定。
TPB Price Action
TPb股票价格行情
Turning Point Brands' shares traded 1.92% higher at $38.44 per share at the time of writing on Thursday morning.
在周四上午写作时，Turning Point Brands的股价为每股38.44美元，上涨了1.92%。
