Turning Point Brands Inc (TPB)

Turning Point Brands reported strong first-quarter results on May 7, 2025, surpassing earnings and revenue forecasts, which led to an 18.89% surge in its stock price. The company announced strong second-quarter results on August 6, 2025, with consolidated net sales increasing 25.1% year-over-year to $116.6 million. Following the Q2 results, TPB increased its full-year 2025 Adjusted EBITDA guidance to $110.0 – $114.0 million and raised its full-year consolidated Modern Oral sales guidance to $100.0 – $110.0 million. Turning Point Brands declared common stock dividends on May 7, 2025, and August 6, 2025. The company launched FRE Watermelon, a new high-strength nicotine pouch, on October 8, 2025, and Stoker's launched a Fine Cut Wintergreen product in a convenient can format on August 25, 2025. As of October 23, 2025, the company's stock price had soared 97.4% over the preceding twelve months, but recent volatility included a 4.2% weekly decline and a 14.2% monthly drop. Turning Point Brands is scheduled to host a conference call on November 5, 2025, to review its third-quarter 2025 financial results.

Explicit information detailing specific demand seasonality patterns for Turning Point Brands' products was not readily available. The company's business is described as having "low cyclicality," and demand for TPB's products may be more influenced by broader market shifts, product innovation, and consumer preferences for alternative nicotine products rather than distinct seasonal fluctuations.

Turning Point Brands, Inc. (TPB) manufactures, markets, and distributes branded consumer products, primarily in the alternative smoking accessories and other tobacco products (OTP) industries, operating through the Zig-Zag Products and Stoker's Products segments. The company's strategic focus has increasingly shifted towards premium oral nicotine products, a category experiencing rapid growth.

Turning Point Brands primarily operates in the United States and Canada, with products widely distributed in over 215,000 retail outlets across North America. The company's headquarters are in Louisville, Kentucky, with additional offices in Santa Monica, California; Washington, D.C.; Dresden, Tennessee; Miami Lakes, Florida; and Darien, Connecticut. Internationally, Turning Point Brands also maintains offices in Taiwan and Shenzhen.

In the past year, Turning Point Brands' Zig-Zag brand partnered with One Tree Planted to launch the "Burn One / Plant One" program, aiming to restore forests in the U.S. to offset carbon emissions from paper products, with a goal for Zig-Zag to be carbon-neutral by 2031. No specific negative events or widespread controversies significantly impacting Turning Point Brands' overall brand reputation were found in the provided information for the past year.

Turning Point Brands' ownership structure includes institutional, insider, and individual investors. Institutional investors hold a significant portion of the company's stock, with major holders including Vanguard Group Inc., BlackRock, Inc., and Morgan Stanley. Standard Diversified Opportunities Inc. is a significant individual shareholder. Institutional ownership is generally reported to be substantial, with some sources indicating over 90% and others around 45-87%, while insider ownership is reported to be around 5-9%.